Health Insurance under the Health Care Reform
The department of health and Human Services released guidance on two key components that will affect the level of protection a private insurance policy will provide under health care reform. 1st Involves the services the insurance policy must cover 2nd Involves how much the insured must pay for out of pocket services. The services that […]
New Smart Phone App from UnitedHealthcare
Health4Me App Unitedhealthcare is one of the leading health insurance carriers when it comes to technology. They are not always user friendly but this Smart Phone App is really cool. As you know the words cool usually are not in the same sentence as health insurance. This app is to help families […]
Federal High Risk Pool
The current administration reported the federal High-Risk medical plan, is expected to more than double the initial predictions of the Obama administration. The Health Care law set aside $5 billion for the Pre-Existing Condition Insurance Plan (pcip.gov) plan. If you were denied coverage in the individual market and had been without coverage for 6 months you were […]
The Changing Role of Insurance Brokers
The insurance landscape is changing. But the shifts won’t just affect consumers – brokers are also looking at an alteration in the way they currently do business. The new healthcare reform law requires states to create insurance exchanges so people not covered by an employer plan can shop for affordable coverage. Some industry analysts believe […]
What Kind of Coverage Will the Plans Sold Through the Health Insurance Exchanges Include?
The Affordable Care Act (ACA) requires that all health insurance plans sold on state exchanges beginning Jan. 1, 2014 cover ten essential benefits: Ambulatory patient services Emergency services Hospitalization Maternity and newborn care Mental health and substance use disorder services, including behavioral health treatment Prescription drugs Rehabilitative and habilitative services and devices Laboratory services […]
What Are Potential Drawbacks of a High-Deductible Health Plan (HDHP)?
One significant downside to a high-deductible health plan (HDHP) is that you’re responsible for paying everything out-of-pocket until you reach your deductible (which typically ranges from $1,000 to $5,000 on these plans). You’ll pay 100 percent of the cost of prescriptions, doctor visits and emergency room visits. You’ll also pay for the cost of surgeries and out-patient […]
What is a High-Deductible Health Plan (HDHP)?
A high-deductible health insurance plan can provide affordable coverage for unexpected major health and medical expenses. Essentially a form of catastrophic insurance, these plans charge a high annual deductible – from $1,000 to $5,000 and higher – in exchange for lower monthly premiums. You’ll have to pay out-of-pocket costs for routine doctor’s office visits or trips to the […]
Who Should Consider a High-Deductible Health Insurance Plan?
If you’re healthy and have some money in the bank, you might want to consider a high-deductible health insurance plan. The plans offer cost savings over plans because of the high deductible, and they protect you from catastrophic health events. If you’re in good health, rarely need prescription drugs, don’t have a pre-existing condition and don’t intend […]
Can I Get Health Coverage for a Child with a Pre-Existing Condition?
There’s good news for children with pre-existing conditions who are below the age of 19. Under the Affordable Care Act passed in 2010, they can’t be denied coverage under group plans and most individual family or child-only policies. This applies even if your child has a potentially life-threatening medical condition like asthma or diabetes. This rule applies to all […]
How Can I Get Health Insurance Coverage if I Have a Pre-existing Condition?
If you have a pre-existing medical condition and are shopping for health insurance, expect special treatment. How special? Well, kind of like a felon carrying the Ebola virus. You may as well stick a “kick-me” sign on your back. You’ll either be denied coverage, charged extra for premiums and out-of-pocket costs, or you might just have […]
