Open Enrollment Deadline Extension for State Exchanges

February 20th, 2015
Deadline Extended Annual Open Enrollment ended on February 15, 2015 - however there is still time available for those who need extra time to complete or submit an application, which varies based upon what state you live in. If you still need to get coverage it’s absolutely essential to meet with an HSA for America Personal Advisor to ensure you find the right plan for you and your family to protect your future - while also benefiting from premium subsidies and other types of assistance that can lower your monthly | Continue reading this entry »

Act Now – Open Enrollment Period Extended

February 18th, 2015
open enrollment deadline extended If you have not yet completed your application to obtain health insurance, you now probably qualify for a special enrollment period which ends on 11:59 p.m., February 22.   This special enrollment period was created and approved by the Center for Medicare and Medicaid Services (CMS), because so many people experienced delays trying to apply last week. Below are the requirements you must meet to qualify for this special enrollment period:   You are not currently enrolled in | Continue reading this entry »

Last Week To Get Health Insurance – How and Why You Should Sign Up Now!

February 11th, 2015
Feb 15 Open Enrollment Deadline The annual open enrollment period ends on February 15 - and the United States government currently estimates that nearly 6 million households will be required to pay a penalty for not obtaining health insurance in 2014. These penalties, which will increase this year from 2014, are high. In 2015, an individual will be fined whichever is greater - $325 per adult or 2 percent of their applicable income. If an individual has children, the flat dollar amount they have to pay per child is half that amount, | Continue reading this entry »

10 Essential Benefits Required for an ACA Qualified Health Plan

February 9th, 2015

 

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The Cost of Going Uninsured – How Tax Penalties Can Impact You

January 28th, 2015
penalties When the Affordable Care Act was enacted in 2010, it brought with it many changes to our health care system. It’s now considered a requirement to have health insurance, otherwise you may face high penalties for going without coverage. These penalties apply to everyone in your household, including children.   What is Acceptable Health Insurance Coverage by the Affordable Care Act?   Coverage through an employer, a student health plan, a plan purchased on their state or federal | Continue reading this entry »

Why Turning 21 May NOT Be a Reason to Celebrate Under the Affordable Care Act

January 26th, 2015
21st birthday There are numerous precious milestones in life we all excitedly anticipate - turning 16 and driving a car, turning 18 and registering to vote, and turning 21 and buying that first alcoholic beverage. But did you know that turning 21 will also cost you under the Affordable Care Act (ACA)?   Under the ACA, policyholders can no longer be denied coverage or be charged higher premiums due to pre-existing conditions. Rates are determined are four factors: age, whether or not you use tobacco, | Continue reading this entry »

What Is an HSA-Qualified Expense?

January 21st, 2015
HSA Qualified Expenses As I gather together all of my records for 2014 preparing for tax time, one document that continues to peek my interest is my list of health savings account (HSA)-qualified expenses. Why is this document so valuable? Because it shows a precise record of where my HSA dollars were spent and verifies that the expenses are indeed considered “qualified.” But what exactly is an HSA-qualified expense?   Qualified Medical Expenses   The IRS outlines which medical expenses it considers | Continue reading this entry »

Get Healthy in 2015 with No-Cost Preventive Care Benefits

January 16th, 2015
Preventive Care Services It’s the time of year when many are making New Year’s Resolutions. Some may include goals such as “getting in shape”, “losing weight” or “living a healthier lifestyle.” These goals mean different things to different people, and living a healthy lifestyle, maintaining a healthy weight and being able to participate in an active lifestyle are important to the majority of Americans. However, reaching these goals is no easy feat.   Maintaining a healthy weight is much more than | Continue reading this entry »

Health Savings Accounts: Frequently Asked Questions

December 16th, 2014
HSA FAQs Funding your health savings account and understanding what you can use those funds for can get a bit tricky. If you overfund your HSA, you could be looking at a 6 percent penalty. Here are a few situations you could find yourself in, and here’s how you can avoid and fix these simple mistakes:   Q: Do employer contributions count towards the annual maximum contribution limit for an HSA?   A: Yes - if your employer contributes towards your HSA, this counts toward the annual contribution | Continue reading this entry »

Your Role in Driving Medical Costs Down

November 26th, 2014
driving medical costs down It’s no surprise that health plans have higher deductibles today than they ever have in the past. That’s why consumers like you have to take action to reduce medical costs. That’s easier said than done, but here are a few tips.   It’s common when a doctor orders an MRI or a CT scan for a patient to have the office staff schedule this test for you. But have you ever wondered how they decide which facility to use? Are your best interests in mind? Doctors typically look at several | Continue reading this entry »