More than three quarters of large employers are offering high deductible plans, and in increasing numbers it is the only plan. Although the premiums are often lower, the deductible can be as high as $6550 for an individual or $13,100 for a family. In order to keep out-of-pocket expenses manageable, consider the following: Preventative… Continue reading A High Deductible Plan Was My Only Choice: Now What?
Yes, with proper health care planning. Although health savings accounts are offered with high deductible health care plans and are often thought of as a current benefit, individuals may want to consider using their HSA balances as a future health care benefit. What are the short and long term benefits of HSAs? For 2016, individuals… Continue reading Can an HSA be a retiree health plan?
The Affordable Care Act created a myriad of health insurance provisions for small business owners that took effect in 2015. For 2016, however, a new law modifying the ACA can prevent some businesses with 51 to 100 employees from increases in health insurance premiums. Protecting Affordable Coverage for Employees or PACE as it is also… Continue reading The ACA 2016: News for Small Business Owners
It’s open enrollment season and everyone needs to enroll in a health insurance plan. Yes, millennials, that means you, too. What exactly does this mean for you? Millennials, those of you in the 18 to 34 age range, may have employer sponsored health insurance. If you’re fortunate enough to have health care included in a… Continue reading Note to Milennials: Open Enrollment For Health Insurance
If you’re covered by an Obamacare health insurance exchange plan, be careful: its coverage may be narrower than you think. And that can add up to a significant increase in your out-of-pocket expenses for health care. Let’s say, for example, that your doctor is concerned about your thyroid and thinks it makes sense for you… Continue reading How Narrow is Your Network?
It’s open enrollment season, and with it comes a menu of benefits from your employer. Now, in addition to what is often considered standard, is a wellness benefit. Wellness programs are becoming common in the workplace, however what constitutes participating in wellness may not be as ordinary as you think. Over half of large employers… Continue reading Am I Watching My Health Carefully Enough?
You’ve read about the “Cadillac” health tax slated to take effect in 2018. The Affordable Care Act’s tax on high cost employer health insurance tax will impose a 40% non-deductible tax on benefits that exceed a government set threshold. The expected threshold for this tax is $10,200 in health benefits for individual coverage and $27,500… Continue reading Will I Be Driving a Chevy in 2018?
Doesn’t Yelp review restaurants and hotels? Is that where you would also look for information about hospitals and nursing homes? Yes! Yelp, in partnership with New York’s ProPublica, a nonprofit news organization is now offering reviews updated quarterly for hospitals, nursing homes and dialysis centers. ProPublica compiles information from its own research and from the… Continue reading New Resource for Health Care Information: Yelp?
You were so careful during open enrollment. You checked your doctors, prescriptions and everything else you and your family needed. Yet, seemingly out of nowhere, an out-of-network charge appears. How can that happen? Networks are narrow and getting narrower. If you or a family member see a primary care physician in the office which you… Continue reading Your Health Care Surprises: Out-of-Network?
Most likely it is more flexible than you think. Health care flexible spending accounts (FSA) have been around for many years. Through pre-tax dollars, individuals are able to fund these accounts and use these funds to pay qualified medical expenses. Qualified medical expenses are most often used to reimburse deductibles, copayments, and coinsurance for an… Continue reading Is Flexible Spending Really Flexible?