All plans purposed through the Marketplace ensures that you have minimum coverage available, this means that you can not be penalized for not having insurance at the end of the year. There you can also find out if you qualify for Medicaid, or Medicare through your state.
There are several types of Major Medical Insurance Plans and all of them cover you in different ways. For instance a plan that is right for an elderly couple would not be right for a young single person. To find a plan that is right for you, call a Stolly agent and let us help you find a plan at the right cost for you.
For 2019, individuals will no longer be penalized for failing to obtain acceptable health insurance. This was a result of the Tax Cuts and Jobs Act, tax reform bill which was signed into law on December 22, 2017. For 2019 the individual penalty has been reduced to zero.
Even though health insurance is expensive, there are plans for small employers which can offer valuable benefits AND be affordable. Our agents specializing in Employee Benefits can help explain and walk you through the Health Insurance maze. We can make it easy for you!
Open Enrollment for individual healthcare coverage, under the Affordable Care Act, starts November 1, 2019. Call our office to go over the changes in the plans, rates, physician networks and pharmacy formularies. We are certified to assist you in enrolling, re-enrolling or making a change to your 2020 insurance plan.
If you have individual healthcare coverage under the Affordable Care Act, your coverage will be renewing January 1, 2020. With this renewal you will see changes in rates, plans, physician networks and even prescription formularies. Please call our office for a review of your healthcare coverage and we can assist you with enrolling, re-enrolling or making a change to your 2020 insurance plan. Open enrollment runs November 1, 2019 to December 15, 2019.
When this opportunity is over you will not be able to make any changes for 2020 unless you qualify for a Special Enrollment period. Here is the important deadline to consider when you enroll, re-enroll or make changes to your 2020 insurance plan: November 1, 2019 to December 15, 2019- coverage begins January 1, 2020.
There are short term options, which are not guarantee issue, do not cover pre-existing conditions and have limits on the term of the policy. Please contact our office to see if you would be eligible for these plans.
If you want to keep your current Medicare Supplement plan, then there is nothing you need to do during the Annual Enrollment Period. That is a time when people with a Medicare Advantage Plan or a Part D plan can make changes for the following year.
The best time to purchase a Medicare Supplement plan is within 6 months of your Medicare Part B effective date, which is also called the Medigap open enrollment period. Your application can not be denied if you apply during this six month window, even if you have existing health problems.
A Medicare Supplement Plan is a type of health insurance policy offered through private insurance companies that works with Medicare to help pay some out of pocket costs you may incur for Medicare covered services, including:
The law generally applies to all group health plans maintained by private-sector employers with 20 or more employees, or by state or local governments. The law does not apply to plans sponsored by the Federal Government or by churches and certain church-related organizations.
You can contribute up to $3,500 for single coverage/$7,000 for family coverage for 2019. If you’re 55 or older you can contribute an additional $1,000. The 2020 H.S.A. limits will increase $50 for single coverage and $100 for family coverage.
Long-term care involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.