Is Therapy Covered by Insurance?
The Affordable Care Act requires plans offered through the health insurance exchanges to cover services for mental health and substance use disorders.
Best Health Insurance Options for Part-Time Employees in 2023
The best health insurance options for part-time employees include HRAs, Concierge Medicine, and Care Memberships.
Best Supplemental Health Insurance Plans in 2023
Various supplemental plans are available depending on your needs, including accident, dental, and critical illness insurance. The best overall supplemental health insurance includes United Healthcare.
Is Telemedicine Covered by Health Insurance?
The five big providers— UnitedHealthcare, Cigna, Aetna, Blue Cross Blue Shield, and Humana— all have some form of coverage for telemedicine.
How Much Does COBRA Insurance Cost in 2023?
The average monthly COBRA premium cost ranges between $400 to 700 per person.
How Much Should I Spend on Health Insurance in 2023?
A good rule of thumb for how much you spend on health insurance is 10% of your annual income. However, there are many factors to consider when deciding how much to spend on health insurance, including your income, age, health status, and eligibility restrictions. In 2022, the average national cost for health insurance was $7,911 for single coverage and $22,463 for family coverage per year. .
What’s the Difference Between a Deductible vs. Copay?
A deductible and copay are terms used to describe the costs associated with maintaining your health insurance. A deductible is the amount of money you are required to pay out-of-pocket before your insurance takes over and covers the costs. A copay is a fixed amount you must pay for medical care at the point of service.
How To Get Health Insurance Through Your Spouse
Acquiring your spouse’s health plan will take a bit of communication and comparing costs, medical needs, and expectations.
Is It Mandatory To Have Health Insurance in 2023?
There is no federal penalty for not having health insurance in 2023, but four states and D.C. will impose a tax penalty on those who do not. Since 2019, the Affordable Care Act (ACA) has not had an individual mandate penalty for those who are uninsured, and this will remain the case in 2022.
Will Health Insurance Premiums Rise for Unvaccinated Individuals?
Experts are considering if insurance companies have the right to raise health insurance premiums for unvaccinated individuals. This is similar to how the Affordable Care Act (ACA) allows health insurance companies to charge smokers higher premiums than non-smokers. The hope is to incentivize people to get vaccinated against COVID-19, but it is unclear if this legislation will be passed.
Medicare Part C vs. Part D: Costs & Eligibility
Medicare Part C (or Medicare Advantage), offers Parts A and B but does not guarantee Part D, the expanded prescription drug benefit.
How Much Does ObamaCare Cost in 2023-2024?
The average cost of an Obamacare plan ranges from $328 to $482 but varies depending on the company, type of plan, and where you live. These plans often come with substantial deductibles, copayments, and coinsurance.