HSA money can be rolled from one administrator to another, and you can have more than one HSA as long as your total contributions for the year aren’t more than the annual limits allow.
Category Archives: Individual Health Plans
Health Savings Accounts: More Than a Spending Account
HSAs offer consumers a unique vehicle to save for healthcare costs both now and into retirement years. However, many consumers view HSAs only as a spending account for managing in-year expenses. Employers and HSA program owners that are successful in helping employees understand the full HSA value proposition will benefit from increased employee HSA adoption.
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employee HSA adoption.
Will Consolidation of providers reduce health costs?
When a federal judge agreed to dissolve a merger between Idaho’s largest hospital system and doctor practice, it put a Boise suburb at the center of a national debate over the consolidation of American medicine. Similar arguments are being raised in other areas, including Boston, Pittsburgh and Northern California, where hospital systems have gained strength through acquisitions of doctors’ practices and other hospitals at a time of rapid consolidation.
Have You Considered an H.S.A.
Health Savings Accounts (H.S.A.s) are rapidly gaining in popularity. Read the attached articule by Liza Horvath:
The ACA Exchanges…A Hacker’s Paradise
John McAfee, founder of McAfee, Inc. said the online component of Obamacare “is a hacker’s dream” that will cause “the loss of income for the millions of Americans who are going to lose their identities. Please read the full article.
Problems proving exemption for the ACA
So you think you may be exempt from the Affordable Care Act (ACA) mandate, you may have trouble confirming that.
Politico (Washington, D.C.) (10/15)
Can family members have differing plans under Covered California?
Yes! Different family members may have differing health needs, thus each family member can choose the best plan for them.
Will Your Doctor be on your new Covered California Plan?
Question: Will doctors and hospitals who accept health insurance from companies like Blue Shield accept insurance sold by the health insurance exchange? I’ve heard that Cedars-Sinai, for example, will not accept coverage from Covered California.
Answer: You heard right, Lily.
Let’s say you currently buy health insurance on the open market. But you discover that you can get tax credits from the state’s new health insurance exchange, called Covered California. (For people whose incomes qualify, tax credits will lower the cost of premiums. To find out if that includes you, use Covered California’s rate calculator.)
And wouldn’t you know it, the same insurance company that covers you now also offers a plan on the exchange.
That means you’ll get to keep your doctor if you buy that Covered California plan. Right? RIGHT???
Not necessarily.
Many insurers are limiting the networks of doctors and hospitals that participate in their Covered California plans, meaning your doctor may not be included.
“You need to do your homework because the same doctor may or may not be there,” says Nicole Kasabian Evans of the California Association of Health Plans. “It depends by plan.”
Read more here: http://www.fresnobee.com/2013/10/03/3534005/not-all-doctors-and-hospitals.html#storylink=cpy
Woops! Hold It – Additional Guidance on Individual Health Plans
It looks like the Health and Human Services (HHS) has changed it’s mind and will verify income for individuals and families applying for subsidies. Sources of information will include tax filings, Internal Revenue Services (IRS) and Social Security (SSA) data.
http://www.cms.gov/CCIIO/Resources/Fact-Sheets-and-FAQs/Downloads/income-verification-8-5-2013.pdf
What Happens if Health Insurance Policy Lapses
If premium is not paid by the grace period the policy will lapse, and the consumer will generally need to wait until the next Annual Enrollment Period (coverage effective first on the next year). If uninsured for more that three months Penalties may be accessed.