Use an HSA to Offset Medicare Expenses in Retirement

Posted By bahim on Oct 20, 2022

If you are age 60 or so and gearing up for an expected retirement in a few years, you might feel concerned about the high cost of healthcare. You’re wise to consider this aspect of retirement planning, because it is true that Medicare won’t cover everything you need in retirement. You will still owe premiums and copayments, along with annual deductibles and even coinsurance charges for hospital stays. So how can you prepare for these...

Small Group Special Enrollment Begins November 15

Posted By bahim on Oct 12, 2022

Unlike with individual health insurance, employers can establish a group healthcare plan at any time of the year. There is no wait for an open enrollment period. However, your business is required to meet minimum participation requirements, and you might be required to contribute a certain amount toward premiums.  We have good news: The Small Group Special Enrollment period makes it easier for small businesses to establish a...

Is It Time to Add a Vision Plan to Your Healthcare Package?

Posted By bahim on Sep 18, 2022

No matter what level of healthcare plan you choose, it is unlikely to always cover absolutely everything you want or need. In many cases we simply accept the burden of a few expenses outside of our plan’s coverage. But some things are too important to leave to chance… And it’s possible that vision care is one of those things. If you’re young and healthy, without any vision problems, you might feel that routine vision exams fall...

Supplemental Insurance Plans Can Bridge the Gap for Employees

Posted By bahim on Sep 18, 2022

Enrolling employees in a high-deductible health insurance plan is a popular choice for many reasons. Low premiums keep overhead down for both you and your workers, and they can enroll in a health savings plan that offers numerous tax and savings benefits. But most healthcare plans include limits on coverage, and sometimes expenses outside those limits can occur. If employees have shared their concerns about uncovered expenses, meeting...

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...