[su_box title=”Keep in mind…” style=”default”] Health insurance can be paid for by employers, the government, or individuals. It often involves some level of cost sharing between these parties Out-of-pocket costs are costs that individuals have to pay either when receiving health care services or on a periodic (e.g. monthly) basis. Read more…
[su_box title=”Keep in mind…” style=”default”] An insurance agent and a broker are not the same thing Finding health insurance is easier with an agent You can save hundreds of dollars of money working with an agent rather than finding insurance yourself An agent will consider your budget and medical needs Read more…
[su_box title=”Keep in mind…” style=”default”] Medical insurance cards are mailed by the insurance company after a policy is purchased These cards serve as proof of insurance and have a great deal of vital information printed on them You should keep your medical insurance card with you at all times [/su_box] 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 policyholder is the person named on the insurance policy contract Joint policyholders have both their names on the insurance policy contract Policyholders, when it comes to group health insurance, are sometimes employers [/su_box] When discussing insurance, one of the terms that is most frequently Read more…
[su_box title=”Keep in mind…” style=”default”] When you start a new job, the maximum waiting period before your health insurance starts is 90 days The application process for coverage through the Healthcare Exchange Marketplace should take you less than an hour Processing time on your application can vary After you receive Read more…
[su_box title=”Keep in mind…” style=”default”] The policy sets terms for the health insurance coverage Health insurance makes health care costs more affordable Policies are often designed for individuals or groups of employees Health insurance policies cover treatment for illnesses and injuries Most payments are based on deductibles, co-payments, and premiums Read more…
[su_box title=”Keep in mind…” style=”default”] You can provide proof of health insurance when you file your federal tax returns There are three different IRS health insurance information forms Your employer or health insurance company should send these forms to you You are not required to send the IRS information confirming Read more…
[su_box title=”Keep in mind…” style=”default”] Children can stay on a parent or guardian’s policy until age 26 Children or dependents can get coverage through an employer-sponsored plan Every eligible person can buy health insurance during the Open Enrollment Period Loss of dependent coverage at age 26 or by job loss, Read more…
