Información Actualizada de Asistencia en Costos para el 2017 Para el 2017, los compradores pueden adquirir tres tipos de seguro médico bajo ACA: Créditos fiscales sobre primas, Subsidios de Reducción de Costos Compartidos, y Medicaid / CHIP. A continuación, se encuentra la información actualizada de asistencia en costos para los planes del 2017, incluyendo todos… Read More
A major medical health insurance plan generally describes any private individual or family plan sold after 2014 that follows the ACA’s new guidelines. This means it is a plan that counts as minimum essential coverage, offers the ten essential health benefits, follows guidelines for deductible and out-of-pocket maximum limits, and covers “major expenses” associated with serious illness… Read More
Although health insurance premiums are up 22% on average for 2017, but many can get a plan for a $100 or less through healthcare.gov.
Updated Cost Assistance Information for 2017 For 2017, shoppers can get three types of health insurance cost assistance under the ACA: Premium Tax Credits, Cost Sharing Reduction Subsides, and Medicaid/CHIP. Below is updated cost assistance information for 2017 plans, including all plans purchased during 2017 open enrollment Nov 1. 2016 – Jan. 31. 2017. TIP: Seniors… Read More
Health Saving Accounts and ObamaCare for 2017 We cover everything you need to know about Health Savings Accounts (HSAs) for 2017, including how HSAs work with ObamaCare plans. What Are Health Savings Accounts? Health savings accounts are tax-advantaged medical savings accounts that you can draw money from for certain medical expenses. They work a bit… Read More
Citing losses, but on the back of the Department of Justice (DOJ) attempting to block a merger with Humana, Aetna has stated it will pull out of 11 ObamaCare exchanges.
ObamaCare Public Option Explained ObamaCare allows for a public option, a public health insurance plan that can compete with private companies and works with the ACA. This “ObamaCare public option” can work a few ways. President Obama previously expressed support for a national public option and suggested that states create state-based public options via sec. 1332 waivers, especially in regions with low competition. Initially… Read More
When people get sick they typically lose their income source. Unless they have savings, this results in a plan drop. Thus, private health insurance loses value in a catastrophic long-term event.
The drug Pembrolizumab, which is thought to have help Jimmy Carter beat cancer, has been approved by the FDA through an accelerated fast-track process.
What is TrumpCare? “TrumpCare” describes health care reform under Donald Trump. We explain TrumpCare and how it is different than ObamaCare. An Introduction to the Many HealthCare Bills, Regulations, and Ideas We Call “TrumpCare.” Below we explain different aspects of TrumpCare. When people say “TrumpCare” they are essentially referring to healthcare changes made, attempted to be… Read More
Bernie Sanders proposed a single payer Medicare for all solution for American health care (BernieCare). What does that mean?
Out-of-pocket costs, the GOP’s rejection of Medicaid, the family glitch, and premium increases. These are ObamaCare’s sticking points.
Below is the HHS 2016 marketplace facts sheet on ObamaCare provided by CMS.gov. There lots of interesting facts in here including new updates on percentages of existing customers who can get plans for less than $100 or $75 (this goes hand-in-hand with the 1 in 6 non-marketplace customers who qualified for plans of $100… Read More
People of all income levels, news sources, insurers, and providers have expressed frustration over rising health premiums and deductibles going into 2016.
A woman put a public facebook post up about a BCBS plan in Alabama. Is this an ObamaCare problem or an Alabama problem?
We explain Scott Walker’s plan to repeal and replace ObamaCare. We compare it to the ACA and examine what it gets right and wrong.
If an employer offers grandfathered or large group coverage that doesn’t offer all benefits of the ACA it may still count as minimum essential coverage.
College students have a number of health plan options including the Marketplace, Medicaid, school health plans, catastrophic plans, and their parents plan. Below we take a look at student health options under the Affordable Care Act (ObamaCare). FACT: A university health plan counts as Minimum Essential Coverage for ObamaCare if it’s fully insured or self insured. Aside… Read More
Even if all states expand Medicaid, we need Planned Parenthood. ObamaCare’s expansion of coverage options provides free sexual and reproductive health services, but millions fall in the Medicaid gap in state’s that didn’t expand.
If the cheapest employer plan available to you is 9.56% of MAGI for self only coverage you can get ObamaCare’s cost assistance.
Employers who reimburse employees for individual non-group health plans face a $100 a day or $36,500 per year, per employee excise tax. This rule applies to all employers, but the fine itself is only levied on those who have to comply with ObamaCare’s mandate (firms with 50 or more full-time equivalent employees).
Mental health, including substance abuse disorders (drug and alcohol) are covered on all non-grandfathered plans as part of ten essential health benefits.
A study shows that ER visits have increased as more people have gotten coverage under the Affordable Care Act. This expected short term outcome isn’t ideal, but speaks to habits of the previously uninsured, the fact that ER visits are covered under the ACA, and an increased doc shortage as demand outpaces supply in the short term.
Employers can use Health Reimbursement Arrangements (HRAs), Employer Payment Plans, and Flexible Spending Accounts (FSAs) to save money on healthcare. We take a look at healthcare arrangements to find out how they can benefits employers and employees alike. We will also look at how they affect employer and employee taxes and penalties. It’s important to understand… Read More
Under the ACA you can take tax deductions for medical and dental expenses that exceed 10%* of your annual Adjusted Gross Income using a Form 1040, Schedule A. This includes deductions for most medical and dental costs for you, your spouse, and your dependents. Most people won’t take this deduction, but if you’ve had a… Read More