Bringing health insurance to the new generation of millennials will be critical for the insurance industry and for the health of young people in the coming years. Educating young people about insurance and providing plenty of information about options for individual health insurance will likely turn millennials into insurance-savvy Americans.
Click here to read the full article by Kelly Sheridan for Insurance & Technology.
If you are in the market for affordable health insurance, there are many opportunities to find a plan that fits your needs and budget. Under the Affordable Care Act, many plans may also become more affordable this year, and both private and public plans provide opportunity to make an affordable health insurance plan work for you.
Click here to read the full article for WebMD with tips and more information.
When considering how to protect yourself and your family in case of emergency, sickness, or other unexpected conditions, there are a variety of types of insurance you may want to consider. Family health insurance, disability insurance, and life insurance may all be good options for you to look into in order to support your family’s health. It is never too soon to consider family health insurance and other types of insurance for yourself and your loved ones.
Click here to read the full article for WebMD.
For early retirees who are of the pre-Medicare age, there are multiple types of health insurance for every budget and need. The government marketplace will offer you federal tax credits, resulting in lower payments for your policy. Outside of the government marketplace, you can go through insurance companies, agents, or brokers. COBRA coverage may also carry you through if you only need temporary insurance until you are eligible for Medicare.
To learn more, click here for the full article by Jim T. Miller for Huffington Post.
Young adults that are going through a transition period and starting their professional lives should be well-informed about affordable health insurance options. Young adults can remain on their parents’ health insurance plan until the age of 26, and if you are moving to a separate plan, affordable options are available. Preventative healthcare at a young age will support a healthy future, and for this reason young adults should be well educated on and covered by health insurance.
Click here to read the full article for WebMD.
If you are a small business owner, you may benefit by including small business health insurance in your benefits package. Unlike large business owners, employers with fewer than 50 employees may choose not to offer insurance to their employees without being penalized by the government. There are some things to consider when deciding whether or not to offer this benefit to the employees of your business.
Health insurance is considered to be a huge perk for employees, now that coverage is required and can be quite pricey for an individual. As a result, companies that offer health insurance tend to see more applicants and even more qualified employees. Once hired for a job, workers with medical insurance tend to be more loyal and stay in their positions for longer periods of time than those who do not receive benefits. Also, there is the added benefit that employees with insurance tend to be sick less often and miss fewer days of work.
Smaller business owners have a bit of an incentive to offer small business health insurance to their employees. If you are a business owner with fewer than 25 employees working full-time, you may receive a tax credit from the government. In order to qualify, the average of your employees’ wages must be less than $50,000 annually, and you must contribute a minimum of half the cost of an individual’s premium. This contribution will gain you a credit of up to 50 percent of the amount in 2014.
If your business has between 25 and 50 employees, you will not receive a tax credit for offering medical coverage. You will need to compare the positives and negatives to determine whether offering small business health insurance is a smart move for your business. There are different levels of coverage you can offer if you want to offer the perk but cut down on your premium costs. If you are on the fence, consult with a health insurance broker who can sit down and discuss the best options for you.
If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://healthplansforyou.com/blog/
The Obamacare exchanges have had trouble attracting insurers since its inception last year. State health insurance marketplaces have begun slowly adding more insurers, however, in attempts to give the public more options. The variety of insurers could provide more competitive pricing and better access to providers.
Click here to read the full article by Jason Millman for the Washington Post.
There are many people who have individual or family insurance plans who may be wondering if they should get medical supplement insurance. As its name suggests, supplemental insurance is not meant to stand on its own; it is an addition to an already existing insurance plan. This type of insurance is a great option for people who have children, and those who may be self employed. People may want supplemental insurance if they are unable to afford to pay the medical bills that may be acquired due to an illness or injury, and would be in financial trouble if this injury forced them to take time off of work. It can also be great for those who are covered by Medicare.
There are medical supplement insurance plans that will provide cash benefits for services that are covered in the plan. These services can include stays in the hospital, such as emergency procedures and outpatient services. Some of these supplemental plans will also provide coverage for preventative medical care. For those who are concerned about cancer, there are supplemental plans that will give cash to policy holders so they can pay for cancer treatments and other expenses. Some of these supplemental plans will give lump sum benefits to cover critical conditions and illnesses such as strokes, heart attacks, cancer, etc. The type of plan that one receives depends on what they are willing and able to pay.
The cost of most of the previously mentioned medical conditions can be astronomical. Very few people are able to pay for these medical expenses out of pocket. That is why many people find comfort in having medical supplement insurance. It gives them peace of mind to know that if something terrible happens, they will not be buried in thousands of dollars of medical debt. There are many insurance companies that are willing to help their clients find a supplemental insurance plan that they will be able to afford, and will be there to support them in their greatest hour of need.
If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://healthplansforyou.com/blog/
Although financial assistance was available, about half of Americans who are presently uninsured passed on Obamacare because they believed they could not afford to pay for it. Cost was cited as the main reason why Americans seeking insurance decided against pursuing it further.
Click here to read the full article by Bruce Rule for Bloomberg.
With so many different types of health insurance available, it is important to learn about and understand the options available to you. Private health insurance is often offered by employees or organizations, while public health insurance acts through the government. This article breaks down the options in more detail to better explain types of health insurance.
Click here to read the full article on WebMD.