November 22nd, 2016
I’ve seen a lot in my 30 years in the health insurance industry. There’s no doubt that Obamacare (originally called the “Affordable Care Act”) has made it possible for people who previously couldn’t get coverage, either because they couldn’t afford it or because they didn’t qualify based on medical problems, to obtain health insurance coverage. But the implementation of that program has become a disaster of epic proportions, and a growing section of the population suffers more every | Continue reading this entry »
October 28th, 2016
You don’t have to read too far through this blog to realize that I’m no fan of Obamacare. With every passing year I find it more difficult to help my clients get into an affordable plan that ensures that their family will be protected against rising medical costs.
This year is no exception. I’m seeing 40-50% monthly premium increases in some markets. That’s bad enough, but the competitive nature of the market, which is what has always allowed me to help clients when their premiums increase | Continue reading this entry »
September 19th, 2016
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 »
August 22nd, 2016
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 »
July 18th, 2016
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 »
June 20th, 2016
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 »
May 19th, 2016
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 »
April 14th, 2016
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 »
March 16th, 2016
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 »
February 19th, 2016
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 »