Covered California Recipients: Update Your Income Now!

Posted By bahim on Aug 13, 2022

If you’re enrolled in a healthcare plan through Covered California, it can be easy to enroll in the fall and then forget about your enrollment status for the rest of the year. But there’s one very important reason to double check on your basic information from time to time: You want your subsidy to be calculated correctly! If you receive a subsidy to help with the cost of your premiums, you probably know that it is based on your...

Employers: Prepare Your Medicare Part D Notices of Creditable Coverage

Posted By bahim on Aug 13, 2022

Employers, take note: According to the Medicare Prescription Drug, Improvement, and Modernization Act in 2003, you are required to send Medicare Part D Notices of Creditable Coverage by October 15. These notices detail whether your group-sponsored healthcare plan is expected to cover as much as the standard Medicare Part D plan regarding prescription drug costs. What is standard coverage under Medicare? Deductible: $480Initial...