08 July2013
0

“Can I Keep My Plan if I Like It?”

Questions about Healthcare Reform  Note: please see important UPDATE at the end of this article   “You can keep your insurance if you like it” became a popular phrase during the political season leading up to the passage of the Affordable Care Act (ACA) in 2010. The phrase became so tied to healthcare reform that Read More
01 February2014
0

What If I Have Job-Based Coverage?

If you have coverage from a job (or a family member’s job):  You will not owe a fee because you have met the Shared Responsibility Provision. With job-based insurance, you are considered covered and won’t have to pay the fee that uninsured people must pay.   You may also purchase your own healthcare insurance. You Read More
10 January2014
0

7 Things That Are Still True for Healthcare in 2014

The Affordable Care Act’s Open Enrollment Period had a tumultuous and confusing beginning. In addition, several last minute changes in applying the law left many scrambling to understand their options after December 2013. Here are seven things that you need to know and are still true now that the New Year is upon us:   Read More
01 January2014
0

Health Insurance Explained

Glossary of Health Insurance Terms   actuary – a mathematician in the insurance field. Responsible for calculating premiums, developing plans and defining underwriting risk. Affordable Care Act – The comprehensive health care reform law enacted in March 2010. The law was enacted in two parts: The Patient Protection and Affordable Care Act was signed into law Read More
21 November2013
0

3 Ways to Enroll in Healthcare

Insurance? Exchanges? Metallic Choices? You are not on your own to sort out the new era of Healthcare Reform! You do have options and even more choices than you have seen advertised with huge marketing campaigns.  Yes, you may be eligible for tax credits to help pay premiums or cost sharing to help pay for Read More
05 November2013
0

The income number used to apply for subsidies: Modified Adjusted Gross Income

What is Modified Adjusted Gross Income? The magic number needed for those seeking to receive assistance with their new health insurance premiums under the ACA (also known as “Obamacare”) is not simply one’s household income. It is defined as something called “Modified Adjusted Gross Income”. This number does not appear as a line item on Read More
23 October2013
0

I Can’t Get on the Insurance Exchange!

We feel your pain! Insurance consumers weren’t the only ones anticipating the start of the Open Enrollment period on October 1, 2013. Insurance carriers, agents and software providers have worked diligently to be ready for Healthcare Marketplace and the Open Enrollment Period for buying healthcare coverage. That’s because consumers are able to use their advance Read More
02 September2013
0

What Will Be Covered by Insurance Marketplace (Exchange) Plans?

Insurance plans will be designed for more comprehensive consumer comparisons   Insurance plans in the Marketplace are offered by private companies. They cover the same core set of benefits called Essential Health Benefits. No plan can turn you away or charge you more because you have an illness or medical condition. They must cover treatments Read More
28 August2013
0

Questions About The Individual Mandate

Or, The Shared Responsibility Provision   The IRS addresses this provision of the Affordable Care Act (ACA) as follows: Under the Affordable Care Act, the federal government, state governments, insurers, employers and individuals are given shared responsibility to reform and improve the availability, quality and affordability of health insurance coverage in the United States. Starting Read More