[su_box title=”Keep in mind…” style=”default”] Providing affordable health insurance coverage is mandated for employers with over 50 full-time employees, but the costs of both deductibles and premiums are steadily on the rise A self-funded health insurance plan is one in which the employer requires a premium from the employee and Read more…
[su_box title=”Keep in mind…” style=”default”] Usual, customary, and reasonable is a standard that insurers use to determine the price of a benefit or service The usual, customary, and reasonable amount can affect the consumer’s coinsurance for a covered benefit The usual, customary, and reasonable price then determines the amount of Read more…
[su_box title=”Keep in mind…” style=”default”] A deductible is the amount of money you’re required to pay before your insurance company will pay for your expenses. A no-deductible plan will only require minimal copayments or coinsurance Different health care plans come with different deductibles, so it’s smart to shop around before Read more…
[su_box title=”Keep in mind…” style=”default”] While oral surgery is considered a dental issue, there are cases when it can become medically necessary and is covered under the terms of your health insurance policy If oral surgery is viewed to medically necessary in your situation, it is very likely that your Read more…
[su_box title=”Keep in mind…” style=”default”] Coverage for dermatologists can vary depending on whether you have an HMO or PPO plan and your insurance carrier With many insurance plans, most medically necessary dermatology services will be covered Elective or cosmetic dermatology procedures might not be covered Most dermatology services are not Read more…
[su_box title=”Keep in mind…” style=”default”] The group number for your health insurance policy is the designation for the group plan you are covered under This is usually a group of your coworkers in a plan administered by your employer It can refer to a family plan purchased by a self-employed Read more…
[su_box title=”Keep in mind…” style=”default”] PD means medicines or prescription drugs in medical terms Prescription drugs are a major part of medical care and health costs in the US Combined with other letters PD represents a prescription insurance option MA-PD describes Medicare Advantage plans that offer prescription coverage [/su_box] In Read more…
[su_box title=”Keep in mind…” style=”default”] Health insurance deductions are for the self-employed Employers, partners, and S-corporations may qualify for these deductions Net profits is one of the fundamental qualifications for these deductions Deductions for long-term care are also available The IRS provides instructions for performing all insurance deductions [/su_box] When Read more…
[su_box title=”Keep in mind…” style=”default”] Some forms of health coverage are considered to be fringe benefits and some are not Fringe benefits are benefits besides wages and salary that are considered to be income (and taxed as such) by the IRS To find out whether or not any of your Read more…
[su_box title=”Keep in mind…” style=”default”] TRICARE is a health insurance program for soldiers in the United States armed services and their families There are several different types of TRICARE plans Most TRICARE plans meet the minimum essential coverage guidelines outlined in the Affordable Care Act Some of the most common Read more…
