[su_box title=”Keep in mind…” style=”default”] Understand what the immediate healthcare needs are for your family and prepare for emergency treatment options Know what your budget can handle when it comes to monthly premium costs You may have ti use a new doctor within the plan network There may be a Read more…
[su_box title=”Keep in mind…” style=”default”] The contribution limit for a single person is currently set at $3,400. Individuals over the age of 55 may contribute an additional $1,000 The contribution limit for a family is currently $6,750 and the additional $1,000 still applies to a wage earner over the age Read more…
[su_box title=”Keep in mind…” style=”default”] Medicare is the national program of health care for older and disabled Americans Medicare is a four-part government operated program serving over 46 million older residents, and nine million disabled persons Medicare in some combinations meets the standards for health insurance under that Affordable Care Read more…
[su_box title=”Keep in mind…” style=”default”] There are four common types of qualifying life events that make you eligible for a special enrollment period These are a loss of health coverage, changes in household size, changes in where you live, and other miscellaneous qualifying events You typically have 60 days after Read more…
[su_box title=”Keep in mind…” style=”default”] Under the Affordable Care Act, certain individuals can qualify for financial assistance when purchasing a plan through the Marketplace. The determination for Medicaid eligibility is up to each state to decide. Eligibility for any sort of cost-assistance program is determined by annual household income. The Read more…
[su_box title=”Keep in mind…” style=”default”] You can buy health insurance for one month This health insurance is called short term insurance There are many drawbacks to buying this kind of health insurance [/su_box] Health insurance is quite a complex topic. There are many laws, rules, and regulations surrounding what insurance Read more…
[su_box title=”Keep in mind…” style=”default”] Dependents can be children of the policyholder, spouses, and other qualifying family members Dependents receive coverage from the policyholder Dependents that are adult children can stay on their parents’ plans until the age of 26 [/su_box] The precise definition of a dependent, as it relates to Read more…
[su_box title=”Keep in mind…” style=”default”] Most health insurance does not require a physical exam Life insurance does require a physical exam You are responsible for paying for any required physical exam [/su_box] With all the regulations and laws surrounding the subject, it can be difficult to know what you have Read more…
[su_box title=”Keep in mind…” style=”default”] A plan sponsor is typically an employer For public health insurance, the plan sponsor is the federal or state government Plan sponsors create the health care plan for a third party [/su_box] In the insurance industry, there are various parties who may set up insurance Read more…
[su_box title=”Keep in mind…” style=”default”] If your state participated in the Medicaid expansion, you are more likely to be eligible for free healthcare under the Affordable Care Act Your eligibility for Medicaid and CHIP depend on your household size and income level Even if you do not qualify for free Read more…
