Health Insurance protects individuals from the risk of high medical expenses. With a better understanding of what each policy entails, you will be able to make an informed decision about which health insurance policy is best for you.
Last week, we spoke briefly of the American Health Care Act, which has been passed by the House. Following are additional details about the AHCA, as passed by the House. The legislation would:
Do away with both ...(more)
Medicare: Part A
Medicare Part A is the hospital insurance portion of Medicare. There is no premium for eligible beneficiaries. Part A should be not be considered as maintenance or ongoing care, but more emergency, ...(more)
As many of our clients reach retirement, they begin to have questions around Medicare coverage. Since the costs associated with health care are a large factor in a financial plan, it becomes increasingly important to ...(more)
A Medigap policy is a health insurance policy sold through a private insurance company to help fill in the “gap” in Medicare’s costs. Medigap policies help pay some of the costs that original Medicare does not cover. ...(more)
For more information on costs and benefits related to Social Security and Medicare, visit Socialsecurity.gov and Medicare.gov.
During the past several weeks, you may have seen media reports announcing that Medicare ...(more)
Health Savings Account Or Flexible Spending Account?
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®
Co-CEO and Founder oXYGen Financial, Inc.
Request a FREE no obligation consultation: www.oxygenfinancial.net ...(more)
Millions of taxpayers may end up doing so in 2015.
If you received a 2014 health insurance subsidy, you may get an unpleasant surprise. When the Health Insurance Marketplace (HIM) went online in late 2013, ...(more)
Health care costs are extremely important to take into consideration with your financial plan. As the baby boomer population is aging, these factors are becoming a higher priority in each family. Making sure the ...(more)
If you could choose any super power, what might it be? Invisibility? X-ray vision? We can’t help you shoot cobwebs out of your palm, but how about the triple- power to set up a savings account that is funded, invested ...(more)
Medicare is important to retirees because health care costs are a big chunk of expenses during retirement. Let’s begin with eligibility.
Who is eligible? Most individuals age 65 and older, as well as ...(more)
I have a fair amount of doctors who are friends as well as clients. They provide me with some insights into their world which these days is not a good place.
A rheumatologist was telling me a story about ...(more)
How you may feel if you get caught in this trap
“The small businessman is smart; he realizes there’s no free lunch. On the other hand, he knows where to go to get a good inexpensive sandwich.”–Adam Osborne
I once ...(more)
More lifting, less sickness.
Health nuts are going to feel stupid someday, lying in hospitals dying of nothing.–Redd Foxx
A health savings account (HSA) is a tax-sheltered account designed to allow you to use ...(more)
Don’t let health insurance costs drive you to use this instead.
“Financial ruin from medical bills is almost exclusively an American disease.”–Roul Turley
What if I told you that you could save up more money in a tax ...(more)
Bronze: Good for statues. Good for Obamacare?
Up until now, health insurance has been an issue of great concern for people who looked to change their jobs or potentially retire before age 65, when they were eligible ...(more)
“My doctor gave me six months to live, but when I couldn’t pay the bill he gave me six months more.”– Walter Matthau
A recent report showed that American couples who retired in 2012 can expect to pay 4% more in health ...(more)
Millions of baby boomers born in 1948 will become eligible for Medicare this year and face the complexities of choosing Medicare plans. Under the original Medicare plan, coverage consisted of two parts: Part A ...(more)
“Exercise? I get it on the golf course. When I see my friends collapse, I run for the paramedics.”–Red Skelton
With the passage of the Affordable Healthcare Act, otherwise known as Obamacare, the government set the ...(more)
Group Health Insurance, Orange County, CA - August 24, 2012 - If you are an employer with under 25 employees, you may qualify for a federal tax credit. Businesses have to meet several criteria to qualify for the new ...(more)
What are consumer-directed health plans?
Group Health Insurance, Orange County, CA - June 26, 2012 - Consumer-directed health plans are high-deductible PPOs that offer the same network as traditional PPOs, but usually ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.