Florida Health Insurance Advisors
Lower Your Health Insurance Costs With An HSA
If you enroll in a catastrophic or bronze plan on Healthcare.gov, you can then establish a Health Savings Account (HSA). An HSA allows you to deposit money tax free into a savings account and use that money to pay for unreimbursed medical expenses with non-taxed money. This is a great way to lower your health insurance premiums and pay for your medical expenses with tax free money.
Tke Centers For Medicare & Medicaid Services Has Failed To Open The Federal Marketplace For A Free Look
The Obamacare open enrollment begins on Sat. Nov. 1st and ends on Jan. 15th. This year as millions of Americans face large increases on their health insurance plans, the Centers For Medicare and Medicaid Services (CMS) has failed to open up Healthcare.gov for a free look. The free look allows consumers to preview the new plans for 2026 so they can make an informed decision once the open enrollment begins.
Millions Of Floridians Are Seeing Substantial Increases In Their Obamacare Premiums
Approximately 4.7 million Floridians are poised to see large increases in their Affordable Care Act (ACA), or Obamacare, plan costs. This major change is primarily due to the potential expiration of enhanced premium tax credits at the end of the year. Impact of Expiration: If Congress does not extend the enhanced subsidies, millions of enrollees nationwide, including the 4.7 million in Florida, could see their out-of-pocket premium payments more than double on average in the next year. Florida has the highest ACA enrollment in the country, which is why so many residents would be affected by the expiring credits. Anticipated [...]
ICHRA Or QSEHRA Which One Is Right For Your Business
ICHRA vs. QSEHRA: Which HRA is Right for Your Business? For businesses looking for a flexible, cost-controlled way to offer health benefits without the hassle of a traditional group plan, Health Reimbursement Arrangements (HRAs) like the Individual Coverage HRA (ICHRA) and the Qualified Small Employer HRA (QSEHRA) have become game-changers. Both allow employers to reimburse employees tax-free for individual health insurance premiums and qualified medical expenses. However, their rules and structure are quite different, making one a better fit than the other depending on your company's size, budget, and long-term goals. Here is a breakdown of the key differences [...]
Obamacare Open Enrollment Step By Step Guide
The Clock is Ticking: Your 2026 Obamacare Open Enrollment Survival Guide It's that time of year again! The annual Obamacare Open Enrollment Period—also known as the Affordable Care Act (ACA) Open Enrollment—is here. This is your critical window to enroll in a new health insurance plan, renew your existing coverage, or switch plans for the coming year. If you don't act now, you could be left without coverage or stuck in a plan that no longer meets your needs. Here is everything you need to know to navigate the 2026 Open Enrollment and secure your health coverage. Key Dates [...]
How An ICHRA Help Employers Provide Their Employees With Affordable Health Insurance
What is an ICHRA and why do Florida employers use it? An Individual Coverage HRA (ICHRA) lets Florida employers reimburse employees tax-free for their own individual health insurance, including plans purchased on the federally run Marketplace (HealthCare.gov). Instead of picking one group plan for everyone, you set budgets, employees choose what fits their families, and reimbursements are excluded from payroll and income taxes when the offer is “affordable.” For many small and mid-sized firms on the Treasure Coast, in Tampa Bay, Orlando, and Miami–Dade, ICHRA can stabilize costs and expand plan choice without the administrative load of traditional group coverage—while [...]
Can A QSEHRA Work For Your Business
QSEHRA for Florida Businesses Empowering Small Employers with Tailored Health Reimbursement Benefits Florida Health Insurance Advisors is proud to offer QSEHRA—a Qualified Small Employer Health Reimbursement Arrangement—designed specifically for small businesses in Florida. Whether you’re in Tallahassee, Miami, Jacksonville, Tampa, Fort Myers, or anywhere in between, our QSEHRA solution helps you provide valuable health benefits to your team while controlling costs. What is QSEHRA? A QSEHRA is a tax-advantaged benefit that allows small employers (typically with fewer than 50 full-time employees) to reimburse employees for individual health insurance premiums and eligible medical expenses. This arrangement offers: Cost Efficiency: A flexible [...]
Are My Medications Still Covered By My Prescription Drug Plan (PDP)
That's a very important question, especially during annual enrollment! The best way to find out if your medications are covered by a Prescription Drug Plan (PDP), which is Medicare Part D, is to check the plan's formulary (also called a "drug list").1 Here are a few ways you can check: Use the Official Medicare Plan Finder: The official government website's Medicare plan comparison tool allows you to enter your drugs and dosage to compare costs and coverage across different plans in your area. Check the Plan's Formulary: Each Part D plan has its own unique formulary.2 You can: Look for [...]
How An HRA Can Help Employees On Medicare
As we approach Medicare's Annual Enrollment Period, it’s the perfect time to review benefit options for clients with older employees who may be moving onto Medicare. One great strategy we see this time of year is employers using a Health Reimbursement Arrangement (HRA) to reimburse Medicare premiums. Whether the client has under or over 20 employees, there’s an HRA solution that can work—and both options have no contribution limits. Here’s a quick snapshot: Groups with fewer than 20 employees: IF Medicare is primary Employers can offer an HRA to cover Medicare premiums and qualified expenses Groups [...]