2015: Large Rate Increases on Subsidized Plans

As reported by many news outlest, individual health rates are experiencing slight rate increases for 2015. HOWEVER THERE IS A PROBLEM if you receives premium assistance your effective rate increase may be quite large. On average it is 77%. A key feature of the subsidy calculation is the premium of the 2nd lowest cost Silver plan. […]

Share
Continue Reading

Shopping for Obamacare is supposed to be easy….

Unfortunately, that’s not the case for everyone – The Difficulties of Shopping for Family Health Insurance Covered issues include: The Family Glitch Insurance Option for Children Different Kids, Different Plans (different places) Citizenship Status I just spoke with someone today whose Humana plan is being terminated at the end of the year. They are affected […]

Share
Continue Reading

[table id=4 /]

Share
Continue Reading

Medicare Advantage plans found deficient by CMS

Herald Tribune: Medicare plans found deficient The Centers for Medicare and Medicaid Services reported these findings: In more than half of all audits, “beneficiaries and providers did not receive an adequate or accurate rationale for the denial” of coverage when insurers refused to provide or pay for care. When making decisions, insurers often failed to […]

Share
Continue Reading

Halbig Obamacare ruling and Colorado subsidies

An email from the Connect for Health Colorado explains that the Halbig ruling will not affect subsidies in Colorado… Tuesday’s ruling in US Court of Appeals in Washington DC has no impact on customers of Connect for Health Colorado – or in other states like Colorado that operate their own state-based health insurance Marketplaces (exchanges). […]

Share
Continue Reading

5 financial lessons from a parent’s last days

5 financial lessons from a parent’s last days As I learned from my mom’s recent passing, there are a multitude of expenses associated with death and dying. But many of them can be managed effectively and even negotiated down, so that life’s final chapter loses some of its, well, sting. Life insurance and critical illness […]

Share
Continue Reading

Even the insured aren’t financially prepared for serious illness

Rising health-care costs are enough to make you sick His wife and three school-aged children started packing after his funeral. A long battle with cancer had eaten away their savings. Their home had been foreclosed. They would soon be evicted.                                         They had medical insurance. They had worked hard all their lives. Friends, family, and co-workers […]

Share
Continue Reading

International Travel: Does employer coverage “have your back”?

Do you travel internationally for business? How does your employer coverage work? Do you put medical expenses on your expense report and hope they will pay them? If there is a serious injury will they repatriate you to your home country? If you have any doubts at all, consider travel medical insurance from Seven Corners. […]

Share
Continue Reading

Federally funded high risk pools closing to new members

The Hill: HHS to cut off enrollment for health law’s high-risk pools Due to running out of funds. The funds will continue to insure enrolled members but will no longer accept new applicants starting March 2nd (earlier dates in some cases). The high-risk pools came with $5 billion in funding. Slightly less than half of  […]

Share
Continue Reading

Primary care physician shortage

Personal physician shortage looms, experts say The Patient Protection and Affordable Care Act of 2010 (PPACA) “promises to provide insurance coverage to more Americans, but I know there will still be 30 million people who will remain uninsured even after the Affordable Care Act is fully implemented,” Fegan said. “So I know the need for […]

Share
Continue Reading