Which Health Insurance Company Should I Choose?

Do you have health insurance? If so, it’s important to know which insurance company you’re with and what they cover so that you can make sure you and your family are covered in the event of any medical emergency or illness. Having the proper health insurance coverage will help alleviate some stress from paying out-of-pocket costs or receiving treatment from doctors that aren’t covered by your plan. Here are some of the best health insurance companies to choose from if you’re looking for affordable and reliable health care coverage.

Do You Need Insurance?
As a business owner, you will have some legal requirements for insurance. You’ll need to carry workers’ compensation and employers liability insurance, for example. And if you want to be able to hire employees or supply your products or services to other businesses, you may need commercial liability insurance. Consider what your industry requires and then shop around—don’t assume that your existing coverage is sufficient.

Are There Any Penalties For Going Without Health Insurance?
If you’re currently uninsured and looking to purchase health insurance for yourself or your family, you might be wondering about penalties. Will you get a fine from Uncle Sam if you don’t get covered by a certain date? The Affordable Care Act (ACA) does have some penalties that affect those who aren’t insured in one way or another, but there are several scenarios where you won’t be affected. We outline them here so that you can better understand your options and make an informed decision.

Are There HSA (Health Savings Account) Options Available For People Without Health Insurance?
HSA account holders can use their funds to pay for qualified medical expenses without federal income tax and without a penalty fee. Non-HSA (High Deductible Health Plan) individuals can contribute up to $3,350 per year into their HSA. This money is completely tax deductible. So, in theory, these funds should be used exclusively for health care related expenses.

What Do Health Insurance Plans Cover?
If you’re new to health insurance, you may be curious as to what each plan covers. If you were in an accident, would your medical bills be covered? What if you developed a chronic illness—would your policy cover that as well? The truth is: most major health insurance plans cover treatment for chronic illnesses, elective procedures and emergency services like accidents. However, all plans are different and it’s best to check with your company about what exactly will be covered before purchasing a plan.

How Much Will My Deductible Be On The Health Insurance Plan That I Choose To Go With?
You don’t want to pay too much in deductibles, because that means you’ll have to spend a lot of money before your insurance policy kicks in. In other words, you’re paying out of pocket for everything until you reach your deductible. However, if your deductible is extremely low, then there’s a good chance that your premiums will be sky-high.

Does Medicare Supplement Health Insurance Cover Prescription Drugs?
Health insurance companies are constantly changing and developing new products, making it hard to determine which company best fits your needs. This guide will help you determine if Medicare Supplement health insurance is right for you. It will also give you an overview of all aspects of your health plan.

What Does A Premium Include When Buying A Health Insurance Plan?
The premium of a health insurance plan is what you pay each month. Depending on your company and what state you live in, your premiums will vary, but keep in mind that many companies include your co-pays and co-insurance with your premium costs.

What Is An Out Of Pocket Maximum And Why Is It Important In A Health Insurance Plan That I Get?
An out-of-pocket maximum is a type of annual dollar limit. This means that once you’ve paid a certain amount, your insurance company will start paying 100% of all of your health care services for the rest of that year. OOP maximums are important because they ensure that no matter what health problem you have or how much treatment it requires, you’ll never have to pay more than a certain amount.

Who Is Eligible To Buy Affordable Family Healthcare Plans Online Through The Marketplace (Obama Care)?

Anyone who lives in America or a U.S. territory and is either: (1) a U.S. citizen; (2) a legal permanent resident; or (3) someone with a visa that allows them to live and work permanently in America. Non-resident aliens can purchase coverage on their own but are not eligible for federal subsidies unless they have become Legal Permanent Residents of US with a Green Card under programs such as Employment Based Immigration or Family Sponsorship.

What Are The 2 Types Of Plans Offered By My State’s Marketplace (Obama Care)?
The plans offered in state-based marketplaces (i.e., healthcare.gov) are divided into two basic categories: bronze and silver. Bronze plans, which carry a lower monthly premium, pay out less if you get sick or injured. Silver plans, on the other hand, cover more but cost more each month than bronze plans do.

How Much Does Medicaid Cost And How Do I Qualify For Medicaid Coverage In My State?
Depending on where you live, Medicaid is a program that might be known as Medi-Cal in California or Healthy Families in Colorado. But whatever its name, it’s designed to help low-income people and families pay for health care. How much does Medicaid cost and how do you qualify for Medicaid coverage in your state? Here’s what you need to know about eligibility for Medicaid and how to apply for health coverage if you need it. See our individual fact sheets below for information specific to each state.
Despite promises made by President Barack Obama’s Affordable Care Act (ACA), some doctors will still not accept insurance provided through government-run exchanges — in other words, taxpayer dollars may fund their services but they won’t come without their own set of strings attached.