2017 Open Enrollment for Smarties

September 19th, 2016
2017-open-enrollment The Affordable Care Act (ACA) was supposed to make healthcare more affordable for ALL Americans. And while it seems to have helped lower income people pay their monthly premiums by giving them subsidies, the people who don’t qualify for those subsidies are now suffering more than ever before. Why? Premiums are going up, up, up - just like President Obama said they wouldn’t - and competition in the marketplace is lessening, as health insurance companies are bailing from the market in droves, | Continue reading this entry »

How to Beat Obama at His Own Game with Faith-Based Plans

August 22nd, 2016
faith-based-plans Faith-based plans set to provide viable alternative to the outrageous premiums of ACA plans The Affordable Care Act (ACA) has brought us skyrocketing premiums along with an individual health insurance marketplace that losers player (and subsequently, competition) with each passing day. Those of us who don’t qualify for a subsidy to help with monthly premiums suffer the most, with premiums that typically top $1,000 per month for a family of 4. But a little-known loophole in the ACA (or Obamacare | Continue reading this entry »

HSA-Qualified Expenses: A Refresher Course

July 18th, 2016
hsa-qualified expenses Hopefully, you’ve been enjoying good health for several years now, and your family members have as well. If you’ve enrolled in a high-deductible health insurance plan that’s HSA-qualified, I hope you’ve been taking advantage of the tremendous tax benefits afforded by these plans and socking away the maximum amount allowable - $3,350 for an individual and $6,750 for a family - and watching as the money grows tax-free. But sooner or later we’ll all have some medical expenses, no matter | Continue reading this entry »

Health Insurance Changes That Limit Our Choices

June 20th, 2016
health insurance changes By changing the rules governing short term plans, the federal government succeeds in limiting individual choices for health insurance coverage At HSA for America, we’ve long been proponents for individual choice in health care decisions. We believe you should have multiple options when it comes to the type of policy you can purchase, and that you should be able to choose doctors and hospitals based on public price and quality data. That’s why I’m especially distressed to see the latest | Continue reading this entry »

More Government Will Never Fix Our Broken Healthcare System

May 19th, 2016
broken-healthcare-system The Affordable Care Act, or the ACA as it is commonly abbreviated, was supposed to be the balm to all of our broken healthcare system wounds. Implemented in 2014, “Obamacare” was going to increase the number of people with health insurance, lower premiums by fostering competition between insurance companies, and increase coverage for benefits aimed at preventing illness. It turns out that while more people are in fact covered, many of them are covered because they now qualify for Medicaid, the | Continue reading this entry »

Is Obama Trying to Kill HSAs?

April 14th, 2016
kill-hsas Nearly 6 years after the implementation of the Affordable Care Act (AKA the ”unAffordable Care Act,” AKA “the ACA”, AKA “Obamacare”), it appears that this administration is trying to get HSA-qualified plans off the state health insurance exchanges. New regulations published on March 8, whether intentionally or not, will effectively kill HSAs (Health Savings Accounts) on the state exchanges. It’s already a tough landscape for HSA-­qualified plans on the exchanges. Currently, there | Continue reading this entry »

You Can Thank President Obama for Your Higher Insurance Rates

March 16th, 2016
higher­insurance­rates Did you hear that the federal government’s Open Enrollment Period (OEP) for health insurance ended on January 31? If you did, you heard wrong, because the government recently extended the period of time you can sign up for health insurance, but only for a select few who haven’t yet filed their 2014 tax return. Wait, why are we rewarding people who don’t file their tax returns??? It’s a great question. The only people who qualify for this extended enrollment period (which closes at the | Continue reading this entry »

Obamacare Brings Higher Healthcare Spending, and Fewer Tangible Benefits

February 19th, 2016
higher healthcare spending Is it time to consider a new approach to healthcare? The first real information we’ve had regarding the costs and efficiencies of the Affordable Care Act (ACA, or Obamacare as many people refer to it) are in, and the patient is pretty sick. According to a study released by the Centers for Medicare and Medicaid Services, healthcare spending increased 5.3% in 2014. That’s the first full year under the ACA. A recent New York Times article looked at individual health insurance plans in California, | Continue reading this entry »

Insurer Bailouts ­ Who’s Paying? You Are, Unfortunately

January 29th, 2016
insurer­bailouts Special provisions in the Affordable Care Act (ACA) allow insurance companies to recoup the losses associated with selling ACA-compliant policies, and the money comes from taxpayers like you and me. Last month Congress rejected a request from the Obama administration to fund a $2.5 billion dollar promise ­ it made to insurance companies as a provision of the ACA. One of the key pieces of this mammoth piece of legislation requires that the government bailout insurance companies for the losses they | Continue reading this entry »

No Health Insurance in Your Stocking?

December 30th, 2015
health-insurance-options Never fear, options are here! This time of year is incredibly hectic, and it can be downright stressful for many of us. The Obama administration didn’t do those of us who stress-out during the holidays any favors when they created the concept of the Open Enrollment Period (OEP) for health insurance. The Affordable Care Act (ACA) mandated that the vast majority of health insurance plan purchases must occur between November 1 and January 31 every year. (If you qualify for a Special Enrollment | Continue reading this entry »

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