Monthly Archives

March 2013

Two groups that will benefit the most from Health Care reform

By Understanding Health Care Reform No Comments

Here are 2 demographics that may benefit the most when health care reform kicks off January 1st 2014: Pre 65 retiree – This group of people will have opportunities to shop around without fear of their pre existing conditions causing exorbitant prices or excluding them outright from coverage.  There are a number of people ages 55 – 64 who are financially ready to retire but unable to do so because of their health.  These people are tied to their employer who provides them (and spouses) health insurance.  Starting January 1st, 2014, people will be able to enroll into health insurance without worrying about pre existing conditions.  You can choose a plan that fits your needs and it will cover you immediately. This age group will also benefit because rates that insurers charge can only be 3x the cost from age 26 to age 64.  This means that a comparable plan…

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How health care reform will affect you

By Making the Most of your Medicare No Comments

We are rapidly approaching the 2014 start date of the new health care reform known as the Affordable Care Act (ACA) or Obamacare.  This unprecedented law will definitely create confusion.  To help answer the question of “How will health care reform affect me?”  Here are some ways that different segments of the population will be affected: Men and Women under 26 Right now people cannot buy an individual policy from insurance companies.  This really limits the options they have when it comes to shopping around.  This will change in 2014 when people will be able to buy insurance from private companies or the exchange.  A big benefit of health care reform is that wellness expenses are covered at 100% by insurance (things like immunizations, vaccines, well baby checkups at 12 months, 2 years, etc.) Adults 26 – 40 This group of people may experience the “rudest awakening” of any segment….

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How the Missouri Health exchange might work in 2014

By Making the Most of your Medicare No Comments

Many people are wondering how we will buy health insurance from the new “exchange” in 2014.   Do I have to figure this out on my own?  The answer is no!  Our agency is gearing up to be a navigator, the official term for someone who helps people make the best decision for their situations. As always we don’t charge any fees and there are no costs using our services ever! Here is a likely way that we will purchase health insurance after 2014: You log onto the federal government’s health insurance website benchmarked for Missouri.  It might be something like http://www.moinsurance.org/. You type in your name and Social Security number and your specific application is generated.  The application takes data from your 2012 tax return to determine what subsidy level (if any) you qualify for.  You can then view, apply for, and purchase health insurance specific to your family right from…

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