Private medical insurance costs have been riding steadily over the last few decades. However, the pace seems to be accelerating. Costs for coverage can rise by 20% overnight and force you to make tough decisions about your healthcare coverage. What to do About the Increases Consider dropping unneeded coverage Consider a higher deductible HSA plan
HSAs are becoming more popular with our clients and I’m happy about that. Our clients who purchase HSA-compatible plans usually save money and lower their taxes at the same time. They generally save money on their insurance costs and also on their taxes. The basic concept has been around for a long time. If you
Many of our clients are self-employed or own a small businesses. When they come to us searching for health insurance, they often want to buy group insurance. This is usually not in their best interest. Group health insurance costs more than private health insurance in Connecticut! If you and your family are healthy, you will
COBRA is a federal law that forces most employers with over 20 employees to keep former employees on their group health insurance plan for a period of time. The official Department of Labor information and definitions can be found on the DOL website. Since Cobra is a federal law, Ohio COBRA health insurance and Connecticut
Only two companies offer maternity insurance in Connecticut to individuals You can’t be pregnant when you apply Maternity discount plans aren’t the same Anthem Blue Cross Blue Shield and Connecticare Solo offer Maternity Coverage Only Blue Cross and Connecticare Solo, of all the companies approved for individual health insurance by the Connecticut insurance Department offer
It looks like only St. Raphael’s Hospital in New Haven will accept the new Charter Oak Health plan. Hopefully more facilities and physicians will sign up, but right now, it looks like few doctors and fewer hospitals are coming on board.
What I like about the new Charter Oak Health Plan The Affordable Care Act made this program obsolete. This program no longer exists. [written October 11, 2016] The Charter Oak Health plan is a program offered by the State of Connecticut as opposed to the plans offered by private for profit health insurance companies. More
As a health insurance agent I get asked that question almost daily usually by someone who is often just a little embarrassed. Insurance is a pretty technical thing. Most of my clients have had group health insurance through an employer or their spouse’s or parent’s employer all their lives. They had no reason to learn