Best health insurance plans from top notch insurance carriers under your budget.

May 5, 2020

Make Health Insurance Affordable through Cost-Sharing Reductions

Two ways are there using which the Affordable Care Act has made health insurance affordable. One is through advanced tax credits subsidies, which reduces the premium amount of a particular plan based on the insured income level. Another is cost-sharing reduction subsidies. The Cost-sharing reduction is a subsidy provision made in the Affordable Care Act […]

May 4, 2020

Open Enrollment Period Varies from Plan to Plan

Open Enrollment is a time period during which you are eligible to sign up for a health insurance plan. If you fail to sign up for health insurance during the open enrollment, then you will not be able to sign up for a health plan until the next open enrollment period, with the only exception […]

May 4, 2020

Reasons behind Denial of Health Insurance Claim and the Options Available to You

There might be situations when your health insurance company can deny your claim and refuse to pay for some of your healthcare costs. Your insurance company can deny paying for a test, treatment, or procedure which either you have availed or seeking pre-authorization before receiving the healthcare service.   Reasons behind Health Insurance Companies Denying […]

May 2, 2020

Supplemental Health Insurance – Covering Anything Above and Beyond Essential Coverage

Supplemental health insurance is additional insurance that people purchase to help them pay for out-of-pocket expenses that are generally not covered under regular insurance. In other words, supplemental health insurance is a healthcare plan covering anything above and beyond minimum essential medical coverage. Some of the supplemental insurance plans pay for out-of-pocket medical expenses like […]

May 2, 2020

Key Factors to Consider while Choosing Medicare Advantage Plans

Medicare Advantage is a type of Medicare plan offered by private insurance companies. Original Medicare is directly administered through the federal government, whereas Medicare Advantage plan can be obtained through private insurance companies having a contract with the government. There is a wide range of Medicare Advantage plans that can be availed by a vast […]

May 1, 2020

Learn Key Concepts for a Complete Understanding on Health Insurance

There are some basic concepts of health insurance that you should understand, if you are new to health insurance. It is essential because understanding these concepts will help you to avoid nasty financial surprises and failing to do so you will not be able to efficiently or wisely choose a health plan. The vital health […]

May 1, 2020

Significant Advantages of HSA play a Vital Role in Planning Healthcare Strategy

Health Savings Account is a tax-advantaged account available since 2004, which is designed to help people having High Deductible Health Plans to pay out-of-pocket medical expenses. With the consistent discussion of the HSA benefits among the journalists and politicians, there has been skyrocketing participation in these accounts by the people all across the country. People […]

May 1, 2020

Health Insurance Premiums and Medical Expenses Are Tax-Deductible only in Certain Conditions

Health insurance is among the largest monthly expenses for some of the people in the U.S. Hence, they lookout for ways to reduce their costs through tax breaks on their monthly health insurance premiums. Medical expenses take a toll on people’s budgets, especially in case of unforeseen medical emergencies that are not completely covered by […]

April 29, 2020

Reporting about Health Insurance is Essential While Filing Tax

All of you probably by now have realized the significance of health insurance and must have tried to have proper healthcare coverage to effectively face medical emergencies. But you should also be aware that all taxpayers are expected to report about their health insurance plans while filing a tax return. Therefore, while filing income tax, […]

April 28, 2020

A Comprehensive Overview on ACA Subsidies

Affordable Care Act subsidies also referred to as Obamacare subsidies, are government subsidies designed for low or middle-income individuals or families. A subsidy system was created by the ACA to help low and middle-income individuals and families purchase health insurance through the health insurance marketplaces or exchanges. Therefore, while purchasing ACA-compliant health insurance plans, people […]

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