Critical illness insurance provides coverage over and beyond what your health insurance policy covers. Do you need it?
Critical illnesses can strike anyone, at any time. Critical illness insurance helps you deal with the unexpected costs of these health problems. According to estimates by the American Heart Association, this year alone 600,000 Americans will experience their first stroke, 785,000 Americans will have a heart attack for the first time and about 1.4 million will be diagnosed with cancer. Continue reading “Your Guide to Critical Illness Insurance”
It’s open enrollment: time to select your health insurance plan for the coming year.
If you were thinking about skipping it this time around, get ready to pay regardless. Fines for not having coverage are increasing. For 2016, they will be $695 for each adult and $347.50 for each child, up to $2,085 for a family. Or it could be 2.5 percent above the filing threshold, says the IRS (individuals $10,150, couples filing jointly $20,300), whichever is higher. Continue reading “The Costs of Not Having Health Insurance”
A study published in the Journal of Occupational and Environmental Medicine found that nearly 40 percent of U.S. workers experience fatigue. Why should employers care?
Continue reading “The Cost of Fatigue”
Open enrollment can overwhelm even the most seasoned benefits manager. But the time when employees can make changes to their benefits plans doesn’t have to be a time of stress.
Continue reading “Keys to a Smooth Open Enrollment”
The ultimate purpose of health insurance is to offset potentially high medical expenses. Most people get health insurance through their employer, but if you don’t, your independent insurance agent can help you.
Continue reading “How to Pick the Right Insurance Health Plan”
According to the Internal Revenue Service, almost 7.5 million Americans have had to pay a penalty for lacking health insurance in 2014 – and the tax season isn’t over.
As of mid-July, the IRS had processed approximately 135 million of the approximately 150 million individual tax returns it expects for tax year 2014. In 2014, the Affordable Care Act’s “individual responsibility” provisions went into effect, requiring most Americans to have health insurance or pay a penalty. Continue reading “7.5 Million Americans Paid a Penalty for Lacking Health Coverage”
The good news: Pharmaceutical companies are developing a range of drugs to treat diseases that are chronic and/or rare. The bad news: Their high (some might say outrageous) cost.
Continue reading “A Bitter Pill: The High Cost of Specialty Drugs”
The Affordable Care Act recognized the importance of wellness programs allowing employers to offer higher incentives for participation. Just be careful your incentives don’t violate the Americans with Disabilities Act (ADA).
Continue reading “Does Your Wellness Plan Need a Checkup?”
Last month, we discussed some of the factors that determine whether a claim is covered. In this article, we’ll discuss plan design features that affect how much your plan will pay toward a covered claim. Continue reading “Understanding the Claims Process, Part 2”
Every year, Americans make 31 million visits to the emergency room for unintentional injuries. Emergency room charges average about $1,200 per visit. Your out-of-pocket expenses could vary wildly depending on the type and severity of injury, where you are treated, and your coverage. Continue reading “Controlling Emergency Room Expenses”