COVID-19

The buzz is… COVID-19.

I don’t know about you, but I am becoming nauseated by the number of daily emails that I receive that include invitations to attend webinars to hear the latest and greatest ideas about how we should all react and behave to this historical virus. Well, wait. Is the virus the historical part, or is our reaction what is making history? Either way, everyone seems to have all of the answers and wants to be the first to share it. The truth is, they have all become a “once you’ve heard it, you’ve heard them all” type of webinars. The same information repeated over and over – only phrased in different ways. Shall we say blah, blah, blah?

Thanks for allowing me to rant. I did want to make sure that anyone in Northeast Indiana that has health insurance needs (this includes: Fort Wayne, Auburn, Angola, Kendallville, Huntington, Columbia City, New Haven, Ossian, Bluffton, Decatur, and all the little “burbs” in between) knows that we are still here and 100% able to assist you with your needs.

Whether you are turning 65 soon; lost your group health insurance coverage; or are in the Marketplace and need to report an income change – WE CAN HELP! COVID-19 has not shut our business down, and we are here Monday – Friday to address any of your health insurance needs.

Give us a call today, or click that little pink button on the right side of this page to request that we contact you. During the stay-at-home order, and while social distancing is still required, our staff can “meet” with you via telephone conference or web meeting. We will work to accommodate what works best for you.

Open Enrollment is Right Around the Corner for Individuals in Fort Wayne, New Haven, Columbia City, Kendallville, and Surrounding Areas

It’s hard to believe that summer is winding down and before we know it, the craziness of Open Enrollment will begin. Here at Health Insurance Shop, we have been assisting Individuals from Fort Wayne, New Haven, Auburn, Angola, Kendallville, Ossian, Decatur, Columbia City, Huntington (and areas in between) enroll in Marketplace health insurance coverage. This upcoming Open Enrollment will be no exception!

It is our opinion that despite the renewal Marketplace policy holders will receive from their carrier – it is important to meet with us and review the plan changes and new options available for the next year. The process is fairly simple and generally runs pretty smoothly. To ensure that Individuals enrolling from Fort Wayne, Kendallville, Auburn, New Haven, Decatur and all areas in between are enrolled properly, here are a few pointers…

  • Income reported is HOUSEHOLD Modified Adjusted Gross Income (MAGI). This includes income from a spouse and/or working children that you claim as a tax dependent. You do have to estimate income for the year that you are applying for coverage.
  • The affordability test for available group health coverage is based upon the SINGLE rate (employee only). If what the employer charges for SINGLE coverage only is less than 9.86% of your MAGI, the group plan is considered affordable and no person in your household will qualify for the Advanced Premium Tax Credit (APTC).
  • Changes to your application can be made throughout the year. Failure to report changes in household size, household income, etc., could result in you owing the IRS for APTC that you received and should not have.

Sound confusing? It can be… Let us help take the confusion away. Give us a call now to schedule your Open Enrollment appointment for a date between November 1 and December 15th. (260) 484-7010

Medicare Annual Enrollment in Fort Wayne, New Haven, Kendallville, Auburn, Decatur, & Columbia City

It’s hard to believe that Summer is almost over, and we are rolling right into Fall here in Northeast Indiana. And with that comes the Annual Enrollment Period (AEP) for Medicare Advantage and Prescription Drug plans for seniors.

AEP is the time of year that Medicare Beneficiaries can change or enroll in a new Medicare Advantage (MA) Plan, a Medicare Advantage w/Prescription Drug (MAPD) Plan, or a stand-alone Prescription Drug Plan (PDP).

Here at Health Insurance Shop, we assist Medicare Beneficiaries from Fort Wayne, New Haven, Decatur, Auburn, Angola, Huntington, Columbia City, Ossian, and all the little “burbs” in between, choose which option will meet their healthcare and financial needs. AEP begins October 15th and runs through December 7th. We look forward to seeing you!

To schedule a personal appointment, give us a call today at (260) 484-7010.

Health Reimbursement Arrangements (HRA) for Small Employers in Fort Wayne, New Haven, Decatur, Bluffton, Columbia City and Surrounding Areas

Small employer in and around the Fort Wayne area are always seeking ways to save money, yet still attract good, quality employees. Health Insurance and other benefits has become one of the #1 “selling” points when trying to recruit top-notch candidates. With the changes that Healthcare Reform brought about, many small employers were forced to drop their group health plans.

Recent changes in the laws is providing a new option for small employers in Fort Wayne, New Haven, Columbia City, Angola, Auburn, Huntington, and neighboring areas, who cannot afford to sponsor a group health plan. There is a hitch in that wagon that they need to communicate to their employees, however.

Under the new ICHRA (Individual Coverage HRA) guidelines, small employers (defined as having 50 or fewer employees on payroll) are now permitted to reimburse employees for the cost of Individual Health Insurance premium and out-of-pocket expenses on a tax-free basis. This means that in lieu of sponsoring a Group Health plan, small employers can now subsidize premiums for their employees through this ICHRA arrangement. Tax free money for the employee, and a business expense write-off for the employer. Employees simply need to provide proof that they have and Individual Health Insurance policy and the applicable premium and/or claims expense.

What’s the hitch? Well, the biggest that I see is that the employee will have to decide whether they want to receive the reimbursement from the employer, OR take any Advanced Premium Tax Credit (APTC) they may qualify for. They cannot receive both. By opting to participate in the employer sponsored ICHRA, the employee may actually have to pay more for coverage for themselves and/or family.

Small employers in Fort Wayne, New Haven, Auburn, Angola, Huntington, Columbia City and surrounding areas who are considering an ICHRA should give us a call to discuss the pros and cons of either option.

Contact Michelle Walters at (260) 484-7010 or by email at michelle@buyhealthinsurancehere.com

Special Enrollment Periods for Individuals in Fort Wayne, New Haven, Auburn, Angola, Decatur and Columbia City

When the Affordable Care Act (ACA) was passed in 2013 and effective January 1, 2014, the ability to buy health insurance was reduced to one (1) annual Open Enrollment. For 2019, that Open Enrollment period will be November 1st through December 15th. If you wait until December 16th to buy a health insurance plan – you may be out of luck.

For individuals living in Fort Wayne, New Haven, Decatur, Huntington, Columbia City, Auburn, and all surrounding areas – you may qualify for a Special Enrollment Period outside of the annual Open Enrollment. How does this work?

Special Enrollment Periods are generally triggered by a life-changing event. Examples are: Loss of employer-sponsored coverage; marriage; birth of a child; moving into a new state. When these life-changing events occur, Individuals have a limited period of time to apply for coverage, and that amount of time varies depending upon the type of coverage you would be enrolling in (Group or Individual Marketplace).

Health Insurance Shop is here to help residents of Fort Wayne, New Haven, Angola, Decatur, Auburn, Kendallville, Huntington, Columbia City, and all surrounding cities and towns get enrolled in the coverage you need in order to avoid a “gap”.

Call us today if you think you qualify for Special Enrollment! Our number is: (260) 484-7010.

Health Insurance Agent or Broker in Fort Wayne, New Haven, Kendallville, Auburn and Decatur, IN

Did you know that an Insurance Broker is an agent, but an Insurance Agent is not always an Insurance Broker? Confused? Let me explain the difference, and why people residing in Fort Wayne, New Haven, Kendallville, Auburn, Angola, Decatur, Huntington and surrounding areas might choose one over the other.

Indiana statute requires that any person involved in the sales/solicitation of an insurance product be licensed to do so. Once licensed, we have the opportunity to decide if we want to be an Agent or a Broker. But what is the difference?

Agents are generally individuals who work exclusively for one insurance carrier. Agents generally work for that insurance carrier to sell/service only that carrier’s products.

Brokers, on the other hand, are also agents, but contract with multiple insurance carriers. Since there is no exclusivity, a Broker actually works for the client and simply represent the insurance carriers they contract with.

For those individuals buying insurance in Fort Wayne, Auburn, Angola, Decatur, Bluffton, Huntington, Kendallville, and surrounding areas in NE Indiana, here at Health Insurance Shop, we believe it is to your advantage to work with an insurance professional that works for YOU and can provide options across many carriers available in Indiana.

Health Insurance Shop is your one-stop for all of your health insurance needs. Give us a call today at (260) 484-7010 to find out what your options are.

Dental Insurance in Fort Wayne, New Haven, Auburn, Kendallville, IN

Dental Insurance is something that most people associate with benefits offered through an employer, and many people are not aware that they can buy Dental Insurance on an individual basis.

Individual Dental Insurance options generally include coverage for routine exams and cleanings; basic services like fillings and restorations; and major services like crowns and root canals. Plans and coverage will vary by carrier, so it is important to do a thorough review before selecting your dental plan.

Here at Health Insurance Shop, we offer multiple carrier options for Dental Insurance for individuals and families residing in Fort Wayne, New Haven, Columbia City, Kendallville, Auburn, Angola, Decatur, Huntington, and all other areas in Northeast Indiana.

Call us today at (260) 484-7010 for your Dental Insurance quote!

Life Insurance in Fort Wayne, New Haven, Auburn, Decatur, Bluffton, Angola, Kendallville, IN

Life Insurance is one of those things that most people dread talking about, because no one really wants to think about life coming to an end for ourselves, family, or friends. But, the reality is that it does and it will. We simply just do not know when.

Despite the grim nature of the conversation, everyone in Fort Wayne, New Haven, Auburn, Kendallville, Angola, Decatur, and all of the little “burbs” in between, should consider having the discussion about Life Insurance sooner than later. Although many employers provide a Term Life insurance benefit for their employees – most do not provide a benefit amount that will exceed the cost for funeral and burial expenses. Too often, young families struggle to support themselves with the lose of a parent/spouse and the income that parent/spouse brought into the home because they did not prepare for the “what if”.

At Health Insurance Shop, we work with clients young and old to ensure that the livelihood of families have an opportunity to stay intact in the event that a breadwinner should pass away. With the diverse Life Insurance options that are available today, it is important to sit down with a qualified agent to determine what is best for you and your families needs. Whether it’s Term Life, Whole Life, Universal Life, or a combination of Life and Annuity options – our staff can help you with your insurance planning.

Give us a call today at: (260) 484-7010 for your personal quote!

Short Term Major Medical Policies in Fort Wayne, New Haven, Decatur, Bluffton, Auburn, Kendallville, Angola and Columbia City

Short Term Major Medical (STMM) is getting a boost from a Bill that was signed by President Trump recently. Although the Bill was not entirely focused on these STMM policies, it does look like the current Administration understands that these types of health insurance coverage have their place in the market.

What is a STMM policy? Short Term Major Medical policies are just what they sound like. They are Major Medical policies that are issued for short-term duration. In Indiana, consumers can buy STMM policies for up to a 12-month period of time maximum – although not all carriers are offering them for this duration.

For individuals in Fort Wayne, New Haven, Auburn, Angola, Columbia City, Decatur, Bluffton, and all areas in between, STMM policies have become a popular alternative to Marketplace coverage. BUT… be sure you know what you are buying!

Not only are STMM policies short in duration, but they also do NOT cover pre-existing conditions, and most do not include coverage for prescription drugs (ironically, the two areas that most health insurance spending occurs), as well as maternity.

If you live in Fort Wayne, New Haven, Columbia City, Auburn, Angola, Decatur, Kendallville, Bluffton, or any of the “burbs” around the area and you would like to see what your STMM options are, give us a call at (260) 484-7010. We will gladly run some quotes for you!

Medicare Education in Fort Wayne, Indiana

Nobody really wants to reach Medicare Entitlement age. We get that! But since most will eventually get there, we want to ensure that you know what you need to know about your Medicare Insurance options. The ABC&D’s if you will.

Health Insurance Shop holds Medicare Education Sessions every 2nd & 3rd Thursday of each month now through September. During these educational sessions, our aim is to provide the health insurance information and resources that Medicare-Aged individuals need who reside in Fort Wayne, New Haven, Auburn, Angola, Huntington, Decatur, Columbia City, and all other places in between. NE Indiana is where we service our clients best!

You are most welcome to RSVP for one of our upcoming sessions. If you prefer a more “one-on-one” session – we can do that too! Give us a call @ (260) 484-7010 today!

Please note that these sessions are educational in nature and no specific product information can be discussed. For detailed information or sales specific discussions, please contact us to schedule your personal appointment.