Uncategorized
Obamacare Open Enrollment
The Obamacare open enrollment has begun and will end on Jan. 15th. During this time, any legal resident of the USA can enroll in a health insurance plan with no health questions questions asked. New plans and higher subsidies means more choice and lower cost for individuals and families. Even if you are already covered, getting an updated quote could save you money
Obamacare
The federal marketplace has been updated to reflect the increased subsidies provided by the American Recovery Act. If you currently have an Obamacare plan, you must update your information on healthcare.gov in order to receive the higher subsidies.
The American Recovery Act
The American Recovery Act passed by congress increases the tax subsidies available to individuals who purchase their health insurance from one of the health insurance exchanges. This provision will lower the cost of health insurance to millions of individuals and families who purchase private insurance.
Health Insurance Tax Credit
The health insurance tax credit you qualify for is based on the number of dependents on the your tax return, not the number of people applying for coverage. An example would be a single mom with two kids covered by Florida's Kidcare program. When she enrolls in a health insurance plan through Healthcare.gov, when will qualify for a tax credit based on a family of three not one. Make sure you are receiving the full tax credit you deserve.
Cigna Healthcare
Cigna Healthcare has announced that they are expanding their individual health insurance footprint in Florida. Right now their plans are only available in Palm Beach and Collier counties but for open enrollment this year they will also be available in Orange, Lake, Seminole, Osceola, Broward, Martin, St. Lucie, and Indian River counties. Cigna offers affordable PPO plans with strong networks and outstanding benefits.
Health Insurance Rebates
In the next few weeks you may be receiving a rebate from your health insurance carrier as required by the Affordable Care Act. The A.C.A. requires insurers to spend at least 85% of their revenues on medical expenses, any amount under that must be returned to their inured customers. If you are an employer and do receive a rebate, you must either return it to your employees who are on your group health plan or use it to lower premium.
Florida Blue
Florida Blue has announced that they are allowing their member groups to add a lower cost plan to their current group offering. Also, they are allowing employees who did not enroll when they were eligible to sign up now.
Molina Healthcare
Molina Healthcare will now cover Corona virus antibody testing at no cost to the insured. The test must be FDA approved and administered by a medical professional. Molina offers individual health plans that are available on Healthcare.gov.
Beware The Scammers Are Out In Force
Many people are losing their company health insurance and are scrambling to find affordable health insurance. Please be aware that there are only two ways to get true health insurance outside of the annual open enrollment. One is to obtain coverage through Healthcare.gov. ( you have 30 days from the date you lose other coverage ), the other is to purchase a short term plan that will cover you until you go back to work or obtain group health insurance. If someone offers you "healthcare" or "health savings" etc., these are not true health insurance plans and could leave you [...]