health insurance basics

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Penalty Exemption #1: Qualified Health Plans According to the Affordable Care Act (ACA), anybody who has a qualified health plan is exempt from paying the penalty. A qualified health plan can be one of the following: ACA (on/off-marketplace) Plan Group Health Plan Medicare Medicaid CHIPs V.A. Medi-Share Plans for Alaskan natives and […]

3 Ways to Avoid Paying the Penalty

 in Health  tagged CHIP / health insurance basics / understanding aca/obamacare / understanding medicaid / understanding medicare by
High risk pools were actually around for about ten to fifteen years prior to the ACA. They were available in the majority of the states. But when President Obama’s healthcare law went into effect, high risk pools went away. However, as the new administration works on reforming the healthcare system, the idea […]

Terms Defined: High Risk Pools

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According to the American Cancer Society, one in two men and one in three women will be diagnosed with some sort of cancer during their lifetime. The odds that somebody you know, whether friends or family or even you, may get cancer. To make matters worse, cancer induces high medical expenses. Sixty-percent […]

The Best Type of Cancer Plan

 in Health  tagged cancer / health insurance basics / insurance and finances / supplemental medical plans by
The subject of H.S.A.s has popped up more recently in the news. Specifically, the new administration is talking more about H.S.A.s, which have been around for a long time. There’s nothing new about them. Over a decade ago, they were called M.S.A.s – medical savings accounts. Now, they’re H.S.A.s – health savings […]

Health Savings Accounts and How They Work

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During the Open Enrollment Period (OEP) when you purchased a plan, you should have received an eligibility letter. In order to receive a subsidy, the letter states that you’re required to submit proof of income, residency, or citizenship, or all of the above. So when you purchased the plan -let’s say […]

Don’t Lose Your Subsidy or Coverage in 2017

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The health insurance industry tends to cause a lot of confusion for individuals shopping for a health plan. The primary reason for this confusion is the excessive use of acronyms! Below is a comprehensive list of healthcare acronyms: A ACA: (Patient Protection and) Affordable Care Act ACO: Accountable Care Organization […]

Terms Defined: Commonly Used Acronyms in Health Insurance

 in Health / Medicare  tagged health insurance basics / SEP / understanding aca/obamacare by
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Empower Brokerage can’t stress enough the importance of getting a health insurance agent to assist you get the coverage you need. Since the health insurance industry changes every year, it’s difficult for an agent to stay on top of all the changes, let alone someone who doesn’t have a career […]

What You Should Look for in a Health Insurance Agent

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This year, many individuals shopping for health insurance are worried about the costs, specifically the high deductibles and premiums. Though not well-known, there is actually a solution to help combat high costs. Many smart agents are proposing two products rather than one to help lower premiums and deductibles. This may […]

Packaging Two Health Insurance Policies Can Lower High Deductibles

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This year, the number one concern people have with health insurance is keeping premiums down.  Empower Brokerage hears the same question asked repeatedly, “How do I find a plan that’s actually affordable?”  We recommend consumers purchase the cheapest available Affordable Care Act plan. Then, they can package the cheaper plan […]

Got High Premiums? Consider Adding a Gap Plan to a ...

 in Health  tagged health insurance basics / insurance and finances / supplemental medical plans / understanding aca/obamacare by
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Overwhelmed by high deductibles? Worried about your out-of-pocket exposure? Fear not! Jeff Hess, the individual health expert, has the solution to your problems. Check out the video below to learn the best way to spend your healthcare dollars and get an affordable plan this ACA season! How to Fight High Deductibles and Avoid Out-of-Pocket […]

Got High Deductibles? Consider a Gap Plan for 2017

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