Common Health Insurance Questions
Four Common Health Insurance Questions Even though health insurance is something that is part of most people’s lives, many do not fully understand it. This can cause confusion and make it hard to understand if you have the best policy or not. In this article, we will go over four common health insurance questions to help clear up the confusion surrounding health insurance. What is the Difference Between an HMO and a PPO? HMO [...]
Why You Need a Long Term Care Plan
You Need a Long Term Care Plan A long term care plan is an important component of any financial plan. Any type of long term care, whether it is in a nursing home, at home, or adult daycare, it is very expensive. Because of this, you need to plan in advance. In this article, we will go over several reasons why you need a long term care plan. Large Need for a Long Term [...]
SHOP Basics
SHOP Basics SHOP stands for Small Business Health Care Options Program. The SHOP allows small business owners to be able to offer Health Care coverage to their employees. In this article, we will go over SHOP basics so that you can successfully enroll in a plan for your small business. Eligibility The first step is to determine if you are even eligible for SHOP coverage. To qualify you must meet the following requirements: Have [...]
7 Factors to Consider When Purchasing Long Term Care Insurance
Factors to Consider When Purchasing Long Term Care Insurance Long term care refers to the type of care for those with chronic illnesses or disabilities. Is is when you need care on a daily basis for an extended period of time. This could vary from assistance with basic daily activities to skilled nursing care. This type of care can be expensive. There are several different solutions for paying for such care. One of these [...]
Medicare Verses Medicaid
Medicare Versus Medicaid Many people confuse Medicare and Medicaid. Though they both help cover medical expenses, they are two very different government programs. In this article, we will compare Medicare versus Medicaid. We will go over what they cover and how to qualify for one or both. Medicare Medicare is for people over the age of 65 of those with a qualifying disability. If you pay Medicare taxes on your earnings you are automatically [...]
Health Reimbursement Arrangements (HRAs)
How Health Reimbursement Arrangements Work Health reimbursement arrangements are employer-provided benefits. They help employees cover health care expenses that are not covered by the Affordable Healthcare Act plans. In this article, we will go over the basics of how HRAs work. Funding HRAs HRAs are funded entirely by your employer. HRAs are not accounts, rather they are an agreement between you and your employer that they will reimburse you for qualified health care costs. [...]