I was reading this article from the Wall Street Journal this morning, that said premiums for individuals purchasing health insurance could rise as much as 116%. If I’m looking at the premium that my family of 3 pays, that is substantial. Plus, you know when business expenses go up, they have to charge more to their customers, that my friends is a vicious circle.
With regards to the healthcare law, how specifically will it affect you personally?
2013 HSA Contribution Limits
The IRS has recently announced the new contribution limits for HSA’s (Health Savings Accounts).
HSA contribution limits:
- Individuals (self-only coverage) – $3,250 (up $150 from 2012)
- Family coverage – $6,450 (up $200 from 2012)
HDHP minimum required deductibles:
- $1,250 for self-only coverage
- $2,500 for family coverage
(Out-of-pocket expenses include deductibles, co-payments, and other amounts, but not premiums)
- $6,250 for self-only coverage
- $12,500 for family coverage
Under guidelines implemented in the Patient Protection and Affordable Care Act, over-the-counter drugs may only be reimbursed if they have a prescription. If a policyholder uses an HSA to pay for items or services that aren’t qualified medical expenses, the tax penalty is 20 percent of the HSA distribution.
Posted in Health Insurance
Tagged Affordable Care, Care Act, Deductibles, Drugs, Family Coverage, Hdhp, Health Savings Accounts, Hsa Contribution Limits, Irs, Patient Protection, Pocket Expenses, Policyholder, Premiums, Qualified Medical Expenses, Tax Penalty
I was reading this news story on Krem about Holy Family ER docs not being contracted or “In Network” for Premera Blue Cross. Please keep in mind that this just affects the ER docs and not the rest of the hospital. Also “typically speaking” these sorts of things happen and are usually resolved over time.
If you have questions about your current coverage or are looking to get new coverage, I am more then willing to help you with those decisions. Just Contact Me.
Missionary Medical Insurance
The Global Navigator is Worldwide health insurance and services for career missionaries and volunteers. The Global Navigator health plan meets the needs of missionaries and volunteers by offering comprehensive worldwide benefits – inside and outside the U.S. – without the typical limits, eligibility conditions and benefit exclusions common among traditional plans. Unlike plans that limit furlough coverage, Global Navigator covers stateside tours of any length, delivering the continuity and convenience of benefits that are truly seamless, portable and renewable. Global Navigator is the premier health plan for missionaries and volunteers because it combines these benefits with concierge-level medical assistance and easy access to an elite community of carefully selected hospitals outside the U.S. and a network of over 700,000 doctors and hospitals inside the U.S. Global Navigator gives missionaries and volunteers peace of mind, knowing they always have the freedom to access top medical care and benefits no matter where their ministries take them.
The brochure and paper application Global Navigator Missionary Medical Insurance (Brochure and Application)
Posted in Health Insurance, International Medical Insurance, Travel Insurance
Tagged Career Missionaries, Concierge Level, Continuity, Easy Access, Eligibility Conditions, Elite Community, Exclusions, Furlough, Global Navigator, Health Insurance, Health Plan, Insurance Brochure, Medical Assistance, Medical Care, Medical Insurance, Paper Application, Peace Of Mind, Premier Health, Worldwide Benefits, Worldwide Health Insurance