Have you noticed your health insurance premiums increasing 10-20% a year over the last few years? Unfortunately, these dramatic rate increases over the last few years have been the norm. For the Los Angeles region alone, we saw a 13% weighted average rate increase for the individual health insurance premiums in 2018. The Department of […]
Many Californians still do not understand why they cannot enroll all the time for health insurance. In order to avoid that people enroll only when they need medical assistance, the Affordable Care Act implemented specific Enrollment Periods. In the Open Enrollment which starts from November 1st to December 15th, and in California until January 31st […]
The Open Enrollment Period to enroll in a health insurance plan began November 1st, 2017 through January 31st, 2018 in California. In California, many families who are not eligible for subsidies on Covered California, the premium increase in their health insurance is very steep. To remain on the same health insurance premium families are forced […]
After recently visiting Covered California’s annual event on Open Enrollment Period 2018, there is plenty of updates to cover. For this year, Covered California came up with the slogan “Don’t roll the dice on your health.” It is a great theme for insurance which is all about accepted premium, accepted financial risk and provider choice. […]
Health Insurance Premiums for individual policyholders will be increasing substantially in 2017. Covered California announced a state-wide average increase of 13.2 %, while PPO carriers Anthem and Blue Shield reported increases of 19.9% and higher. In contrast to Southern Calififornia, Northern California has particularly less competition due to fewer hospitals and large integrated hospital systems, will experience […]
Getting a divorce brings a new type of change to your everyday life. For some people this change is wanted, yet for others, it is unexpected and heartbreaking. For all of us though, it is a change, requiring one to revisit all aspects of one’s financial planning and security. In this article I will address […]
When one loses their job with health insurance, next to finding a new job, an important aspect to consider is how to find suitable health insurance for you and your family. With the Implementation of the Affordable Care Act and the mandate of carrying health insurance or otherwise possible paying a tax penalty, this is […]
With the implementation of the Affordable Care Act and the many more choices available, consumers asking themselves whether they should choose to go directly to an insurance carrier, go to the state exchange Covered California site, or instead go to an insurance broker such as Solid Health Insurance Services, when choosing their health plan . […]
On November 20, the Department of Health and Human Services (HHS) issued proposed regulations that address a wide range of Affordable Care Act (ACA) benefit provisions that will be effective for 2017 plan years. Published each fall, these rules will be finalized in the spring for the following year. Here is an overview of some […]
The open enrollment to apply for health insurance ends Janaury 31st 2016, there are still some Californians who decides not to carry health insurance . Here are is an overview of the tax penalty for 2016 . What happened if I do not pay health insurance in 2016? ● 2016 tax penalty: the annual individual responsibility payment is the greater of ○ 2.5%of the taxpayer’s household income that is above the tax return filing threshold for the taxpayer’s filing status, or ○The taxpayer’s flat dollar amount, which is$ 695 per adult and $347.50 per child, limited to a family maximum of $2085. ● However the total payment amount is capped at the cost of the national average premium for a Bronze level hath plan available through the Marketplaces in 2016 […]