There is a new Special Enrollment Period (SEP) that enables qualifying consumers to enroll into a Marketplace coverage for the remainder of the 2022 calendar year. To qualify, the total household income must fall at or below 150% of the Fed…
Uninsured right now and don’t want to be? Then you’re likely wondering how much health insurance is going to cost you.
Whether you get your health plan through your employer or purchase it through the Marketplace, it’s probably a lot more af…
The Affordable Care Act (ACA) ensures that all eligible Americans get an opportunity once a year to buy affordable health coverage for themselves and their families. This is known as Open Enrollment Period, and this year it is from Novembe…
If you don’t have access to health insurance coverage through your employer, what do you do? Fortunately, many low-income Americans can access health coverage, and healthcare, through Medicaid. But what if you earn too much to qualify fo…
The American Rescue Plan was recently signed into law. This is the largest expansion of the Affordable Care Act since it was signed in 2010, and the American Rescue plan expands subsidies significantly, both increasing subsidies for thos…
The Biden-Harris administration has recently announced a new Special Enrollment Period (SEP) where all eligible residents can sign up for health coverage from February 15 to August 15—and they don’t need a Qualifying Life Event to do so. …
Interested in Obamacare, but afraid the premiums will be expensive? Here’s some great news. Obamacare, a common name for Affordable Care Act (ACA) plans available through the Health Insurance Marketplace, are very affordable—96% of pe…
A Health Savings Account (HSA) is a special kind of savings account for those who have a High Deductible Health Plan (HDHP). Using this account, you can contribute pre-tax dollars to be used for qualified medical expenses.
So what does th…
A cafeteria plan is a certain kind of employee benefit plan where employers offer their employees a number of different pre-tax benefit options from which they may choose. This is sometimes also referred to as a flexible benefits plan. Wit…
A major win of the Affordable Care Act was the inclusion of Essential Health Benefits (EHBs) in all ACA-compliant health insurance plans. Most broadly, Essential Health Benefits are a way to describe ten categories of services that these …
Once a year, all eligible Americans get a chance to shop the Health Insurance Marketplace and get a Marketplace plan, also known as Obamacare or an Affordable Care Act plan. This time is known as the annual Open Enrollment Period (OEP). The A…
If you have health insurance, then you’ve likely heard about coinsurance. But you may not know what this is, and how it relates to your coverage. Simply put, coinsurance is the percentage of a covered health service you will pay for out-of-p…
A Catastrophic health plan has very low monthly premiums and a very high annual deductible. These plans offer people who don’t access healthcare very often a way to protect themselves against worst-case scenarios. With a Catastrophic pl…
Open Enrollment is the designated time when most Americans can buy health insurance for the 2021 calendar year from the Health Insurance Marketplace. In most states, the 2021 Open Enrollment Period runs from Nov. 1, 2020 – Dec. 15, 2…
In shopping for Marketplace health insurance and learning if you might qualify for certain health insurance tax subsidies, Medicaid, or CHIP you’ll hear a lot about the Federal Poverty Level (FPL). Where your annual household income and …
