Health Insurance

Health Insurance Articles

Health Insurance Options for the Unemployed

Unemployment does not mean that one has to suffer without health insurance. As it turns out, the government would prefer to keep even the unemployed insured in order to keep costs down. While being unemployed is a disadvantage in the health insurance marketplace, it does not disqualify one from receiving coverage.

Affordable Health Insurance

Health insurance can be a difficult thing to shop for. But getting cheaper health insurance can be as easy as shopping around, watching what you eat, and keeping your financial record in good shape. Group policies will always be less costly than individual policies, but here are some ways to get the most for your health insurance dollar.

Guide to Flexible Spending Accounts
Flexible Spending Account, called an FSA, is a special type of tax-free savings account that builds money you can apply to medical costs outside of those covered by your health plan. The money you deposit into the plan is before taxes are applied to your salary, which means the money is completely tax-free. The limitation is that you can only use the accrued savings for medical and health related costs.
Health Insurance Plans for People with Preexisting Conditions
There are special insurance plans available for people who have preexisting conditions. These plans are the health insurance equivalent of high risk insurance, guarding against probable problems in exchange for a higher premium rate. Traditionally, this has been the only way for people who suffered from conditions such as asthma or diabetes to get private insurance coverage. Before you purchase such a plan today, it might be a good idea to do some research into the Affordable Care Act, known simply as the ACA and commonly referred to by some as Obamacare.
Health Insurance After Getting Laid Off vs Quiting vs Getting Fired
Health insurance is sometimes protected temporarily by COBRA insurance, depending on whether you were laid off, quit your job, or were terminated by the company. Under all 3, your coverage is probably going to cost you more, so it will be in your best interest to find another group plan as quickly as possible. Here is a clear explanation of what the different types of job termination mean to your health insurance.
The Effects of the Affordable Care Act on People who are Already Insured
Most people who already have health insurance are not going to see a lot of change. Some of the changes affecting people who have insurance have already gone into effect and some of these changes are still being rolled out. The ACA impacts people who are already insured by extending a parent's insurance coverage to young adults up until the age of 26 and by prohibiting insurance companies from excluding coverage or limiting the benefits of having insurance.
Guaranteed Issue Health Insurance
In health insurance, guaranteed issue has been available for many years. Employer health plans normally included guaranteed issue coverage, with only individual or private plans denying coverage for preexisting conditions. As the Affordable Care Act goes into effect, one of the new changes will be to require all health insurance providers to accept preexisting conditions.
A Simple Guide to Medicare
Medicare is a federally sponsored health plan for seniors. It is designed to provide full or supplemental health coverage for those over the age of 65, including hospital stays, surgery, prescriptions and other medical care. And while there are rumors that the ACA will eliminate Medicare, the facts are that the ACA is intended to breathe new life into this federal benefit.
Income Protection Health Insurance
Income protection insurance is very similar to disability insurance, and the two may be sold under interchangeable names. The basic idea of income protection insurance is to make sure that you are able to receive your accustomed pay even if you are unable to work because of illness, injury or other conditions.
What Exactly are Health Insurance Shopping Exchanges?
The third stage of the Healthcare Reform law, set to go into effect on January 1, 2014, involves the creation of health insurance exchanges. This step encourages states to establish an exchange that is regulated by the state's department of insurance, but it does not make doing so mandatory. Instead, states can either set up an exchange of their own, join together with other states to form a coalition, or choose not to have a state-based exchange. In this third instance, the federal government would implement the exchange for states that do not wish to do so.