Affordable Care Act Takes a Bite

Bill Kohn
5 Nov 2015
no comments

Some people say that the Affordable Care Act (Obamacare) is a dog.  Well, for 2016 this dog finally has developed some sharp  teeth.  Maybe you noticed when you did your 2014 taxes this year that you had to pay a small penalty for not having health insurance.  The penalty you will be paying shortly for not having insurance in 2015 may be more than three times  the 2014 amount, and it will more than double in 2016.  Ouch! So what does this mean?  In 2014 if you didn’t have health insurance, you only had to pay a penalty of 1 […]

-Read More

Be Prepared for Change in Health Insurance

Bill Kohn
11 Sep 2014
no comments

If you purchased an Affordable Care Act Plan, changes are coming soon. To protect yourself you should begin by acting now. Several changes are about to happen. The rates for every plan will be changing on January 1, 2015 with many plans going up by 17 percent or more. The Subsidies you get are likely to change as well, and if you do nothing, you are very likely going to see sticker shock in January 2015. There are three new carriers joining the exchange whose plans and rates may be better suited for you this year. Their rates are not […]

-Read More

Health Insurance for College Students

Bill Kohn
4 Jun 2014
no comments
college health insurance

Sending your child off to college has enough challenges; college health insurance doesn’t have to be one of them. In-state college Your child can either be on your family plan (until they are 26) or you can get them their own policy. Some colleges have special plans for their students that make sense, and you can choose from three different options: Buy a short term insurance plan to keep costs low and cover them for up to a year at a time. This may be the lowest cost option but it does not cover pre-existing conditions or preventative care. Choose a […]

-Read More

Obamacare Changes

Bill Kohn
5 Mar 2014
no comments

What is different between pre-Obamacare plans and post-Obamacare plans? The new plans, for people who don’t have subsidies (see last month’s article), are generally more expensive; in large part that is because they cover much more. Here are many of the key changes: The new plans and old plans both have out-of-pocket maximum costs, but in the new plans all covered services are part of the out-of-pocket costs. This means that copays, and Rx premiums, which usually were not considered part of the out-of-pocket costs, are considered such in the new plans. The new plans all cover maternity. The new […]

-Read More

Got Question About the Affordable Care Act?

Bill Kohn
11 Feb 2014
no comments
affordable care act

We are now in 2014 and under the guidelines of the new Affordable Care Act. However, many Americans still don’t fully understand the provisions of this new law and how it will affect them and their households. Below are a few common questions and answers regarding the Act. Do I qualify for a subsidy under the new Healthcare Law? The Healthcare Law provides subsidies in Florida for people who earn between 100% and 400% of the Federal Poverty Level. This amount depends on family size. The table included with this article provides information on amounts used to calculate the Federal Poverty […]

-Read More