Health Insurance Risk Management

 

Health, Medicare, Disability, Long-Term Care

• 
  Do I Need Disability Income Insurance?

  Knowing the basics of a disability income insurance policy is a good first step toward protecting your family.

• What Types of Health Coverage Are Available?

  There are three basic types of medical insurance plans: fee-for-service, managed care, and high-deductible health plan.




• What Is the Difference Between an HMO and a PPO?

  Selecting health insurance is often one of the most important decisions you will make. Do you know the different types?

• How Can I Determine the Financial Strength of My Insurance Company?

  Using a financially sound insurance company is an important part of ensuring your family’s financial security.

• Am I Prepared for Long-Term Care Expenses?

  The odds of needing long-term care increase as you age. Prior planning can help protect you from financial ruin.

• What Does Medicare Cover?

  Medicare is the federal health insurance program for those persons age 65 and over. But what does it cover?

• How Likely Am I to Need Long-Term Care?

  If you were to suffer an illness or disability that required long-term nursing care, would you be covered?

Medicare and ObamaCare Open Enrollment Periods 2023

 

• MARKETPLACE OPEN ENROLLMENT ENDS JANUARY 15, 2023
• The Medicare Open Enrollment period starts on October 15, 2022, and continues through December 7, 2022, for coverage beginning January 1, 2023. 
• ObamaCare's Open Enrollment period for 2023 health plans starts November 1, 2022, and runs through January 15, 2023, in most states. However,  for coverage beginning January 1, 2023, you will need to enroll by December 15, 2022.
• ObamaCare: States that use their own marketplaces and enrollment platforms can establish different end dates for the annual enrollment period, as long as they conclude on or after December 15, 2022.

• Other states may be subject to extension in 2023 as well. States with state-run exchanges can issue last-minute extensions, and the federal government can issue an extension for all states using the federal marketplace as well.

Why Purchase Life Insurance?

 We’ve all heard about the importance of having life insurance, but is it really necessary? Usually, the answer is “yes,” but it depends on your specific situation. If you have a family who relies on your income, then it is imperative to have life insurance protection. If you’re single and have no major assets to protect, then you may not need coverage.

What Is the Difference Between an HMO and a PPO?

 Selecting health insurance is often one of the most important decisions you will make. Health maintenance organizations (HMOs) and preferred provider organizations (PPOs) are types of managed healthcare plans and can cost much less than comprehensive individual policies.

Did You Know Medicaid May Pay You as a Family Caregiver?

 Each day, millions of parents, children, siblings, and spouses selflessly sacrifice their time and energy to care for family members affected by illness, injury, or disability. Their efforts help meet numerous social, financial, nursing, and everyday personal care needs such as help with bathing, feeding, and driving to appointments. More than half (58%) of family caregivers have intensive caregiving responsibilities.1

If you are a regular caregiver of a loved one, you know it can exact an emotional and physical toll. It can be financially draining, too. However, in some cases, Medicaid may offer financial relief.

Last chance: 2022 Open Enrollment ends in 2 days

You have 2 days left to get health insurance this year. Open Enrollment for 2022 Marketplace health plans ends January 15. Act now to enroll in, or change health coverage that meets your needs and budget. Coverage starts February 1.

Read more -Healthcare.gov blog 

You can apply for 2022 Marketplace health insurance right now

Open Enrollment ends January 15, 2022.  You can apply for the first time, update, or change your plan for 2022.  Continue reading about Marketplace coverage and Coronavirus ...

Read more - HealthCare.gov (7-minute read)