Health Reimbursement Arrangements are a creative method for financing affordable major medical insurance. An HRA offers many options for the employer to fund employee medical expenses, whether or not they are paid by the insurance plan, if any. Most Group Health Insurance companies offer HRA’s. For this example, we will be looking more closely at Assurant Health Read the rest of Understanding HRA’s (Health Reimbursement Account) »
Understanding HRA’s (Health Reimbursement Account)
September 6th, 2010Healthcare.gov is released
July 26th, 2010Americans now have a new way to compare health insurance plans. The Obama administration unveiled Healthcare.gov on Thursday, saying it will “help take some of the mystery out of shopping for health insurance.” The new website can be found here.
Small Group Tax Credit
July 8th, 2010The small group tax credit, which will benefit millions of small businesses, has just become more attractive. That’s because the IRS has just released new details clarifying that the tax credit also applies to premiums for dental and vision benefits – not just health benefits. And there’s more good news: Read the rest of Small Group Tax Credit »
Goverment Plans for Pre-existing Condtions
July 7th, 2010A new insurance plan is available for uninsured people with pre-existing health conditions. The Pre-Existing Condition Insurance Plan – also known as the “federal high-risk pool” – is expected to cover as many as 350,000 individuals.
U.S. citizens or legal residents are eligible if they have been uninsured for at least six months and if a private health insurance company has denied them coverage because of a pre-existing condition.
“Health coverage for Americans with pre-existing conditions has historically been unobtainable or failed to cover the very conditions Read the rest of Goverment Plans for Pre-existing Condtions »
Understanding HSA’s (Health Savings Account)
July 6th, 2010The HSA has two distinct parts: a high deductible health insurance plan and a savings account that is used to pay qualified medical expenses. The HSA-compatible high deductible health plan (HDHP) is rapidly becoming a popular alternative to other insurance plan designs, with nearly six million Americans currently covered by an HSA-compliant HDHP.
Assurant Health has been an industry leader Read the rest of Understanding HSA’s (Health Savings Account) »
Understanding Healthcare Costs
May 22nd, 2010Anthem has recently published a very informative brochure on the rising cost of insurance premiums and how they relate directly with the cost of health care. According to data compiled from Fortune magazine’s “Fortune 500 annual Ranking of America’s Largest Corporations,” 2008, The health care industry average profit margin was only 2.2% compared with the Pharmaceuticals industry average of 19.3% and medical products and equipment averaged 16.3%. Read the rest of Understanding Healthcare Costs »
Companies
