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10,000 A Day

Every day 10,000 of us turn 65 and, whether we continue to work or not, we need to address our Medicare eligibility.  Should we enroll in Medicare or not?  If we enroll, do we enroll for all of the letters (A, B, C, D) or just some of them?  Do we enroll in a Medicare supplement […]

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ACA Light

Currently not all employers can afford to provide health insurance to their employees and not all employees can afford to pay their share of the premium for coverage when it is offered. Add to that the following: some employees qualify for individual health insurance coverage at a significant discount through the Marketplace Exchange program which […]

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Compliance Is Not An “Option”

Now that we know that there will not be a swift dismantling of the Affordable Care Act I believe it is time to address the compliance issues currently facing all employers who offer benefits to their employees. The DOL is rumored to have plans to conduct more ERISA compliance audits and we are all at […]

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The Lull Before The Storm

  We have received many questions about the changes that will occur in health insurance coverage with the change in the Administration.  People are most afraid of pre-existing conditions clauses re-applying and they are trying to make the best decisions possible for the January 1 Open Enrollment. Although I have no crystal ball, I think […]

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Individual Health Insurance Update: 2017

Many people have been disappointed and angry about the direction individual health insurance coverage has gone.  Promises of being able to keep what we had if we liked our plans and indications that premiums would go down have not been kept. Rather, plans have become more restrictive in networks and approved drug lists.  Rates have […]

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Medicare Open Enrollment is Coming Again!!!

Saturday, October 15 marks the start of the 2017 Medicare Open Enrollment period, but what does this really mean? All individuals who are enrolled in Medicare Part C plans (also known as Medicare Advantage plans) and / or who are enrolled in Medicare Part D plans (also known as Medicare Drug plans) should heed the […]

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My Health Insurance is Being Cancelled!!!

A lot of Americans have already received letters notifying them that their health insurance plans are being cancelled and many more will receive notification very soon. So, what’s going on??? Under the ACA guidelines insurance companies are required to notify insureds when their plans make benefit changes and that has become an annual event.  If […]

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What Is On The Horizon?

Most of us have health insurance through one of three major channels: employer based coverage, Medicare or individually contracted coverage.  Today we will focus on the last group: those who must seek out and enroll in coverage directly with an insurance carrier. Since the onset of the Affordable Care Act there have been significant changes […]

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Defer Compensation to Address Medicare Costs

When most of us reach age 65 we will need to enroll in Medicare.  The cost for Medicare part A is prepaid for almost all of us, but Medicare part B premiums vary based on income.  The calculation for this expense is based on “modified adjusted income” from two years before the benefit year. What […]

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Healthcare Costs are Spiraling Out of Control

Problems: Consumers feel no responsibility for costs of unnecessary services and do not adequately shop for the cost of their care. Providers exercise defensive medicine to protect themselves. Insurers buy and then bury technology that could make healthcare costs more transparent. Government adds layers of regulation and questionable requirements that add huge financial burdens to […]

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