Health Insurance News – Weekly Round Up – 1/13/17
-How to Find Affordable Health Insurance When You’re Self-Employed:
The health insurance enrollment period is expiring soon, so if you don’t to pay a penalty on your tax return, you’ll need to enroll for insurance. But don’t worry, there are some options available that are actually affordable.
If you’re like me, you are probably procrastinating on applying for health insurance because you just don’t think you can afford the $400+ premiums per month. (Depending on your state and whether or not you’re single or married, your premium may be more or less.)
Either way, it’s not usually an expense that you’re excited about paying. However, I’ve done personal research lately and found a silver insurance plan, in my area, that’s only costing us $250 per month (for my husband and I to be on a family plan) versus the $450 it was going to cost…
-Don’t Make These Health Insurance Mistakes:
Whether you get your health insurance through your employer, Medicare, or one of the Affordable Care Act exchanges, there’s a good chance you’re paying more than you need to. According to a study last year by the National Bureau of Economic Research, 63 percent of the 50,000 employees at a Fortune 100 company selected a health plan that was not the most cost-effective option.
Picking an insurance plan is downright confusing. Here are some common mistakes people make…
-My View: Don’t divorce Americans from short-term Health Insurance:
More than 800,000 Americans divorce each year. Many more change jobs or otherwise have their employment status interrupted.
Getting divorced or losing a job is hard enough. Unfortunately, the Obama administration wants to make it even harder. It’s looking to implement a new rule that would curb the short-term health insurance policies many divorcees, job-hoppers and others rely on to get through major life transitions.
The administration isn’t cracking down on these policies in a paternalistic bid to protect down-on-their-luck consumers. Its intentions are far more cynical. The feds are aiming to shore up Obamacare’s faltering finances by forcing healthy people out of their low-cost short-term plans — and into high-deductible, high-premium exchange coverage.
Short-term health plans typically last up to just short of a year and cover fewer medical services. The plans also aren’t required to accept all applicants, in contrast to more conventional coverage available through the exchanges…