Personal health insurance is a vast subject to cover. According to us, the best health plan is a high deductible silver insurance plan obtained on the health insurance marketplace as the plan is being entitled for an HSA (Health Savings Account) as well as both premium tax credits and cost sharing reductions subsidies. Obama Care health insurance is regarded as the best insurance plan as it not only helps to ensure fair health insurance premiums but also curbs premium growth. The main cause of the insurance premium rate hikes under Obama Care is the requirement for insurers to cover high-risk consumers. Leading insurance companies like us at Health Insurance Shop never charge higher rates based on health status or gender in Angola, Auburn, Bluffton, Fort Wayne, Huntington, IN and Kendallville. So, if interested, you can enroll your name here in our company. We help you to obtain private health insurance under Obama Care Health Insurance by the following 2 ways:
- Visit the official health insurance marketplace created by the Affordable Care Act (ACA) and fill out an application form. We will find out if you qualify for cost assistance and also will get to compare all health plans offered on the marketplace in your area.
- Shop for different quotes outside of the marketplace. People can buy private health plans with the help of a licensed agent or through a broker or even directly from the insurance provider.
Now, let us have a look at the 4 factors affecting health insurance costs for premiums under Obama Care Health Insurance:
- Residential area- The place where you live has a big effect on your insurance rates (premiums). Local regulation, competition and cost of living in different regions are accountable for this.
- Age- Aged people can be charged up to thrice more for premiums than younger generation people.
- Individual and/or family member open enrollment- Make sure to enroll your name in this health plan during open enrollment. Insurers usually charge more for an insurance plan that covers a spouse and/or dependents.
- Tobacco use- Insurers can charge tobacco users for smoking maximum up to 50% more than those who do not use tobacco at all.
Obama care health insurance premium is paid every month to the insurer. Paying your premium allows you to stay on your policy…
Group health insurance for small businesses
Dealing with right health insurance agent can help you find the right plan for company or business. As an employer there are many good reasons to consider group health insurance that you can offer as a benefit to your employees. If you are looking for affordable group health insurance in Angola, Auburn, Bluffton, Fort Wayne, Huntington or Kendallville, IN then the Health Insurance Shop can help. As a health insurance agent they have access to a variety of group health plans from many different carriers. They can help you find the best rates and the best plans to meet your group health requirements.
Group health insurance is a key benefit that an employer can offer to employees as an incentive. Group health insurance can cover you and your family and work out cheaper than individual health insurance. This is because this type of plan is subsidised by the employer. An employer will also get better rates on a group plan than an individual can get on his or her own. Premiums are also paid on a pre-tax basis resulting in significant tax breaks.
Small employers are not legally required to offer group health insurance but many choose to offer such plans as it helps small business attract top employees and also helps to reduce staff turnover. Group health schemes for small businesses have to conform to certain requirements as laid down in the Affordable Care Act.
Small group health plans are categorised according metal levels such as platinum, gold, silver and bronze. In this case platinum will be the strongest plan and bronze will have the least benefits. Platinum plans are more expensive but offer greater coverage and pays the highest proportion of medical costs. COBRA coverage also entitles a worker to retain group health benefits in the event of job loss or job change.
Health insurance is a necessity. Unfortunately it is tough to get a one size fits all insurance easily. However, this is not the case with personal health insurance. You can easily find a health insurance that fits your budget. This is especially possible for the residents of Angola, IN. Moreover if you are a resident of Auburn, Blufton, Fort Wayne, Huntington, and Kendalville, IN you can also get the best rates if you approach the right insurance company. Health Insurance Shop has been serving the residents of Angola and the neighborhood for over three decades and offers policies that meet your requirement.
It is not unnatural for many people to not understand what personal health insurance is all about. Let us try to explain it in simple terms.
What is Personal Health Insurance?
It is a comprehensive insurance plan that covers you and your family for a long term. This kind of health insurance is also available for short-terms so as to cover you when you are between jobs.
Cost Saving on Health Insurance
While personal health insurance is often costlier than group plans since you are sharing the cost with your employer, there are certain cost saving tricks you can remember.
- Try to get in touch with an insurance company that covers for numerous health problems.
- Try to set the deductible as high as you can afford.
- Since bad habits that harm your health doesn’t help you get a good insurance, try to improve your habits for the better.
Health Insurance Shop offers all kinds of health insurance. If you are looking for Obama Care Health Insurance, you can approach our experts to see how best you can benefit from this insurance form. Our endeavor is to offer the best insurance policies to all our clients. Visit our office or call us today to get in touch with our insurance experts.
Wouldn’t it be nice if someone else were to manage your insurance and also save a few thousand dollars at the end of the year? Unfortunately life tends to be unkind in this matter and you have to manage your own matters. But all’s not that gloomy yet and that’s because there is something called group health insurance. It is a kind of insurance that provides healthcare coverage for a selected group of people. Usually it is offered by companies to their employees. These policies are uniform in nature and offer same benefits to all employees. Let’s take a look at the advantages of this type of health insurance.
Advantages of Group Health Insurance
- Premiums offered by most health insurance agent are subsidized. Employers have to compulsorily contribute 50% of all “employee only” premiums.
- There isn’t any difference for the group premiums for small families or large families. In fact the bigger the family, the easier it is to get a better deal.
- No one can stop you from availing the benefits of this type of health insurance. Even if you have a pre-existing health condition, you qualify for this insurance.
- Group plan is also great if you are planning to have more children. It covers maternity completely and so work advantageously for you.
When you consider the advantages of a group health plan, it makes sense to get it for your family or employees. If you live in Angola, Auburn, Blufton, Fort Wayne, Huntington and Kendalville, IN know that your right health insurance agent is Health Insurance Shop. We have been in the insurance business for a long time and understand the importance of keeping the health in good condition. We offer the best premium rates in the Midwestern state of Indiana. We also assist our clients to choose health insurances that best suit their needs.
2015 PCORI Fee is Due July 31st…
Riddled throughout the Affordable Care Act (ACA) / Obamacare were fees for this, and fees for that. Some significant – some not so significant. But all of which could be significant if you fail to pay them and pay them timely.
One of the not-so-significant in size or dollar amount is the Patient Centered Outcomes Research Institute Fee (PCORI) that most group accident and health, or major medical plans are required to pay.
What is the PCORI Fee?
The PCORI fee was established and included in ACA to help fund the research efforts of the Patient Centered Outcomes Research Institute ultimately intended to assist patients, clinicians, purchasers and policy-makers, in making informed health decisions by advancing the quality and relevance of evidence-based medicine. The institute will compile and distribute comparative clinical effectiveness research findings What exactly that means for most of us will likely never be known.
Who has to pay the PCORI Fee?
Generally speaking, any group health plan that is considered a “specified health plan” is subject to the fee. For the most part, fully-insured carriers are paying the fee on behalf of their insured contracts. Self-funded plans, however, must ensure that they include the annual PCORI fee in their 2nd Quarter Excise Tax Filing (due July 31st) – and use Form 720 accordingly. Form 720 may be found here.
How much is the PCORI Fee?
For 2015, the fee has increased to $2.08 (read the noticehere) for each number of participants on average in the plan. There are a few different ways self-insured plans may calculate the number of participants, and they include: the actual count method, the snapshot method, or the Form 5500 method. Final regulations explain the calculation methods in greater detail. Click here for more information.
What are some examples of specified health plans?
The IRS has published a chart here to outline plans that would be subject to the PCORI fee. The most frequently overlooked plan is a self-funded Health Reimbursement Arrangement (HRA) that many employers administer in-house. Excepted benefits are those not generally considered health coverage – or limited scope benefits (i.e. AFLAC Accident plan). For further info on excepted benefits, refer to the Federal Register here.
Not sure if the PCORI Fee applies to your group?
Feel free to contact me for a no-cost analysis. I may be reached at firstname.lastname@example.org, or via phone at (260) 484-7010.
Some Employers WANT to Offer More Benefits to Their Employees…
But at the end of the day, the checkbook often doesn’t support the added expense. We just might have the perfect solution.
INTRODUCING: Defined Contribution
Employers with ten (10) or more eligible employees can now offer a package of voluntary benefits to their employees with NO participation requirement and a minimal $25 per month per employee contribution (by employer). Employees can choose to use that $25 (plus any additional that they wish to pay) toward the purchase of:
- Voluntary Life/AD&D – Guaranteed Issue (GI) up to $100,000
- Voluntary Dependent Life – GI up to $50,000 (issued at 50% of employee amount) for spouses
- Short-Term Disability – GI with 12/12 pre-existing period
- Dental – Employer chooses one (1) of four (4) options
- Vision – Employer chooses “Low” or “High” option
Basic Group Term Life/AD&D can also be included – but does require 100% participation.
Quoting is easy and isn’t based upon the demographics of your group. Your only requirement is that you have a minimum of ten (10) eligible employees and your willingness to contribute a minimum of $25 per month per employee toward whichever option the employee chooses.
Feel free to contact me for your quote today. I may be reached at email@example.com, or via phone at (260) 484-7010.
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- Advantage (MA)
- Prescription (PDP)
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- Universal Life
- Whole Life
- Term Life
- Final Expense Plans
- Call a Doctor Plus
- Hospital Indemnity
- Cancer Plans
- Critical Illness
- Long Term Care (LTC)
- Short Term Care
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We do more than just provide health insurance…
If you sponsor an Anthem group health insurance plan, keep your eye on the mail.
Medical Loss Ratio (MLR) surveys will be going out soon.
The Affordable Care Act (ACA) requires insurers to categorize group health plans as either small or large – based upon the number of full-time equivalent (FTE) employees they have. Because the insurers only have data on the employees enrolled in your health plan, they need to survey employers to capture all employees affected by the calculations. This includes full-time, part-time and seasonal employees. The information gathered is vital for the insurer to determine the different thresholds established by the ACA.
The data collected will be used to determine whether or not the insurer will be required to issue rebates to either category, so it is important that their calculations be as accurate as possible. Employers who do not respond to the survey will be categorized based upon the number of employees enrolled in their plan on average for 2014.
By the end of May, Anthem will begin sending the surveys to all fully-insured group clients. For more details on the survey, read this Frequently Asked Questions (FAQ).
For additional information on MLR’s and other health insurance questions, please feel free to contact me at:
Benefits of group health insurance for business
Are you thinking about getting group health insurance for your business? If so there are several benefits you can get with such an insurance and they will surely raise your interest. If you are in Angola, Auburn, Bluffton, Fort Wayne, Huntington, and Kendallville IN contact a qualified health insurance company for more information.
Without health insurance it takes longer to get treatment thus your employers will need more days off. Having group health insurance for your employers reduces absenteeism. This is because people without health insurance don’t get easy access to treatments.
Minimizes hiring costs
Hiring new people or training your employers costs you money and is time consuming. With group health insurance you can get discounts for your skilled employees. In some surveys most employers declared that having group health insurance helped them with the recruitment process. Intelligent employers can help you take your business to the next level, but in turn you also have to offer them some benefits. Health insurance is only one of them, so don’t hesitate to offer it when you finally find the right employee for you.
Better morale & atmosphere at work
People who get group health insurance as part of their job contract appear to feel happier and more confident. Although it may look surprising, many employees agree to have smaller paychecks just to get health insurance. They feel safer and loyal to their working environment. This way the productivity in your business can increase. It is a win-win type of situation.
For more information or if you want to purchase group health insurance for your business get in touch with the team from Health Insurance Shop. You can find them in Angola, Auburn, Bluffton, Fort Wayne, Huntington, and Kendallville IN. With the right guided help you can get the group health insurance that fits your business best.
Anthem Warns Consumers About Email Scam Following Data Breach
Important update regarding the cyber attack February 6, 2015
Members who may have been impacted by the cyber attack against us should be aware of scam email campaigns targeting current and former members. These scams, designed to capture personal information (known as “phishing”) are designed to appear as if they are from a health plan and the emails include a “click here” link for credit monitoring. These emails are NOT from us.
- DO NOT click on any links in email.
- DO NOT reply to the email or reach out to the senders in any way.
- DO NOT supply any information on the website that may open, if you clicked on a link in email.
- DO NOT open any attachments that arrive with email.
We are not calling members regarding the cyber attack and are not asking for credit card information or social security numbers over the phone.
This outreach is from scam artists who are trying to trick consumers into sharing personal data. There is no indication that the scam email campaigns are being conducted by those that committed the cyber attack, or that the information accessed in the attack is being used by the scammers.
We will contact current and former members via mail delivered by the U.S. Postal Service about the cyber attack with specific information on how to enroll in credit monitoring. Affected members will receive free credit monitoring and ID protection services.
For more guidance on recognizing scam email, please visit the FTC Website: http://www.consumer.ftc.gov/articles/0003-phishing.
We have created a dedicated website (www.AnthemFacts.com) where everyone can access information such as frequently asked questions and answers.
This article applies to:
- California, Wisconsin, Virginia, Ohio, New York, Nevada, New Hampshire, Missouri, Maine, Kentucky, Indiana, Georgia, Connecticut, and Colorado
- Small Group, Large Group, Individual (under 65), Senior, Medicare, ANA Consultant, and ANA Client
Please feel free to contact me if you have any questions.
(Broker Memo published courtesy of Anthem BC/BS – February 6, 2015)