understanding aca/obamacare

Short-term medical has undergone several changes this year. It used to be available for extended periods of time with the option of renewal every year. However, a new law, which went into effect April 1, 2017, restricted short-term medical plans to three-month coverage periods. In addition to the three-month period, the […]

Short-Term Medical Changes in 2017

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Have you ever heard of a plan having first-dollar benefits, no deductibles, and no rate increases? These three descriptors are the basis of fixed indemnity plans. Moreover, fixed indemnity plans operate on a set schedule. To explain, they only pay so much for you to see the doctor, visit a hospital, […]

Fixed Indemnity Plans

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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

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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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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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Since Obamacare insured millions and millions of individuals, reducing the uninsured rate to a record low, it, however, created a crisis. Even more so than the rising premiums and high deductibles, people are frustrated by the restrictive networks. Understandably, people want to see their doctors when they need to see […]

Telemedicine: Reshaping the Way We Receive Healthcare

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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

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On Friday, February 17, 2017, the Trump administration released new ACA regulations– their first big step towards healthcare reform and potential repeal. Among some of the rules include short enrollment period, stricter requirements for SEPs, and more plan flexibility for the insurers. To read more on the rules and what […]

What People Are Saying About the New ACA Regulations

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The ultimate goal of ACA was to insure more Americans. If the insured rate is the measure of success, then Obamacare succeeded. At least 20 million more people now have health insurance than they did before the law. To improve the uninsured rate, the Obama administration wanted to make it easy for people […]

Trump Administration Announces New ACA Ruling

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Tuesday, February 14, insurance giant Humana announced that it’s completely pulling out of the ACA exchanges. As a result, President Donald Trump used Humana’s decision as evidence that President Obama’s signature healthcare law is struggling. “Obamacare continues to fail,” Trump tweeted. “Humana to pull out in 2018. Will repeal, replace […]

Three Reasons Why Humana Left the Marketplace

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