Indiana Tax Credits for Small Group Health Insurance
Under the new health care reform tax credits will become available for small business health plans. The first issue to address does my company quality? With premiums increases every year a tax credit could help a small business keep a health plan in place. Effective January 1, 2010, tax credits are available to qualifying small businesses that offer health insurance […]
Indiana Limited Benefit Plans
With the passage of the Patient Protection and Affordable Care Act (“PPACA”) and the Health Care and Education Reconciliation Act of 2010, Americans face a new era in health insurance. While there is still much guidance to come from the government, Major changes to the limited medical industry are coming this Fall. Limited medical plans […]
Indiana Grandfathered Health Plans
This is going to be very interesting to see how the grandfathered plans are treated from a carrier standpoint. It’s very possible that these plans could cost less than the new generation of plans that will be launched under the health care reform. The next few years these grandfathered plans either group or individual could […]
Indiana Gap Insurance Policies
Group Gap Policy for Major Medical plan Group Gap Policies can help to offset health insurance premiums. Instead of complete cost shifting a high deductive the employer can pay for a gap policy that will pay a portion of the insured’s deductible. Typical Plan Overview and Benefits Gap policies have been specifically designed to pay […]
UniCare Pulling out of Indiana
UniCare Life & Health Insurance Company (UniCare) has made decision to terminate its group and individual health insurance business locally. Following a transition period, UniCare will no longer provide health insurance in Indiana. UniCare is pleased to collaborate with Anthem Insurance Companies, Inc., (Anthem), which will offer replacement coverage, on a guaranteed issue basis with […]
Indiana Community Living Assistance Services and Support (CLASS)
Community Living Assistance Services and Support (CLASS) This act is a government sponsored long-term care plan that offers a basic level of guaranteed issue coverage to working Americans. It works like social security where you pay in advance for the benefit. Many of the details are still in development. As of right now the plan: […]
Health Insurance Consumer Tools
There have been some huge jumps in technology when it comes to shopping for healthcare procedures. The large insurance companies have developed price shopping tools that resemble a menu. The ability to price shop an MRI on your lower joint within 20 miles from your zip code can make the difference of thousands of dollars. […]
Rising Cost of Health Insurance
Every year Hoosiers experience increasing Health Insurance Premiums. As Insurance Providers absorb the cost of claims premiums tend to go up. Insurers increase premiums among the healthy to offset the cost of claims from the unhealthy. As healthy people change jobs or switch insurance carriers the remaining people in the group are left to pick up the […]
Health Care Reform Timeline
Timeline of Provisions 2010 2010 Reform Provisions Small Business Tax Credit Pre-Existing Conditions Annual Limits Dependent (Adult Child) Coverage Medicare Part D Drug Coverage Appeals Consumer Protections Preventive Care Services Lifetime Limits Early Retiree Reinsurance Programs 2011 2011 Reform Provisions FSA, HSA, & HRA Changes Medical Loss Ratio Non-Discrimination 105(h) Rules Appeals Rate Review 2012 […]
Buying Personal Health Insurance Online
As the explosion of health insurance sales online continues buyers need to be aware. Almost everyday I speak with a potential client that has received quotes online and thinks they are buying a certain type of plan. What they are actually buying is a plan that has limited benefits. This could be an honest mistake […]
