[su_box title=”Keep in mind…” style=”default”] The cost of your health insurance can vary for a number of reasons If you purchased a high-deductible plan from the Healthcare Marketplace, it can be expensive because you are responsible for paying the monthly premium, in addition to meeting the deductible cost If your Read more…
[su_box title=”Keep in mind…” style=”default”] If you purchase a healthcare plan on the insurance marketplace, you may be eligible for a tax subsidy, also known as a premium tax credit You can use the credits as an advance towards your insurance payments to help lower your monthly premium You can Read more…
[su_box title=”Keep in mind…” style=”default”] A health insurance premium is an amount of money that you pay to your insurance company monthly This is not the only cost you have to pay for your health insurance You may also be responsible for copayments and out of pocket costs, as well Read more…
[su_box title=”Keep in mind…” style=”default”] A healthcare claim is a bill that you or your healthcare provider turn into your insurance company in order to receive payment CMS 1500 is a common healthcare claim form, though you should always check your insurance provider’s site to see if they have their Read more…
[su_box title=”Keep in mind…” style=”default”] EPOs offer lower costs but have fewer choices You cannot go outside of the network with an EPO plan EPOs may be somewhat beneficial to people with a large financial reserve or who don’t put as much emphasis on their choice of health care services Read more…
[su_box title=”Keep in mind…” style=”default”] Permanent health insurance is designed to protect a worker in the event they fall ill or are injured and cannot pay for healthcare Permanent health insurance is tax-free There are income protection plans that can be set in place for permanent health insurance policies [/su_box] Read more…
[su_box title=”Keep in mind…” style=”default”] State-run exchanges were implemented by the ACA The exchanges are insurance marketplaces for each state SHOP is a program designed for small businesses The exchanges come in different forms, depending on the state [/su_box] The term “state-run exchange” refers to the public exchanges implemented in Read more…
[su_box title=”Keep in mind…” style=”default”] Social health insurance is a healthcare financing system that could lead to universal healthcare Social health insurance has to be funded by the population, usually through taxes, private health insurance providers, and community services Social health insurance systems can provide more coverage but increase costs, Read more…
[su_box title=”Keep in mind…” style=”default”] Health insurance brokers help you find the best policy for your needs Unlike agents, they work with multiple insurers Reports of Obamacare driving health insurance brokers out of business are greatly exaggerated [/su_box] There is a great deal of confusion about what health insurance brokers Read more…
[su_box title=”Keep in mind…” style=”default”] Coinsurance is the consumer’s share of the costs of covered benefits Traditionally, coinsurance starts after customers reach their plan deductible Coinsurance counts towards the limit on out-of-pocket costs under Obamacare Coinsurance is lower among high premium policies than low premium plans [/su_box] Coinsurance is a Read more…
