[su_box title=”Keep in mind…” style=”default”] A consumer-directed health plan, known as a CDHP, allows you to use funds from a Health Savings Account or a Health Reimbursement Account to pay for routine medical expenses You must enroll in a High-Deductible Health Plan before you can enroll in a Health Savings Read more…
[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”] Before the Affordable Care Act the public paid uninsured patients accounts The individual mandate requires every eligible resident to accept responsibility for his or her medical expenses Qualified health plans assured consumers that they would have adequate coverage in the event of a serious health 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”] Insurance companies can charge 50 percent more on monthly premiums for smokers Smoking cessation therapy is considered a free preventative service under the Affordable Care Act guidelines You cannot be denied coverage for being a smoker on a typical healthcare plan However, short term insurance 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”] Regular reimbursements for employees are usually not taxable Excess reimbursements are classified as income and are taxable Reimbursements made from HSAs are taxable Reimbursements are typically associated with employees on group plans Reimbursements for dependents and spouses aren’t taxable Some employers offer employees health reimbursement Read more…
[su_box title=”Keep in mind…” style=”default”] You typically pay your health insurance premium once a month However, you may have other health insurance payments to make in addition to your premiums, such as deductibles and copayments You usually pay your deductible and copayments at or after the time of your medical Read more…
[su_box title=”Keep in mind…” style=”default”] Healthcare does not depend on income but many features use income to qualify applicants Eligibility to participate on the Obamacare Marketplace is based on annual family income Marketplace assistance programs are based on annual family income Premium tax credits are based on annual income Health Read more…
