Posts by stephenhjones
Are You Self-Employed and Applying for Health Insurance? Follow These Tips!
According to a survey conducted by Kaiser Family Foundation, employers pay around 74% of a family’s health insurance plan while the employee shoulders the remaining 26% Self-employed workers, on the other hand, bear the full cost of health insurance plans. This makes having health insurance coverage difficult to afford for self-employed business owners, especially since…Read More
What Is Deductible and How Does It Work?
Deductibles refer to a predetermined amount you have to pay out of your own pocket for medical services before your insurance begins to pay. To truly understand what a deductible is, we have to introduce a couple of other terms. First, there’s copayment. Copayment is the amount you have to pay based on your insurance…Read More
How Does An ‘Out Of Pocket Cost’ Work?
A key defense against financially harming situations brought on by high medical expenses is health insurance. Although having health insurance reduces your financial exposure, it doesn’t mean that you won’t have to pay anything for the medical services you receive. You will still be liable for some costs related to your care, regardless of your…Read More
3 Important Things to Know About Open Enrollment
If you’re looking for an opportunity to get a healthcare plan through the state of Minnesota’s health insurance marketplace (MNsure) – especially if your current plan isn’t a good fit for you anymore, then Open Enrollment is your window for action! What is Open Enrollment? The Open Enrollment period (OEP) refers to the annual opportunity…Read More
The Affordable Care Act Explained
Most likely, you’ve heard of the Affordable Care Act, also known as ObamaCare or the ACA. But what is it really, and how does it affect you? Summed up, the Affordable Care Act was a law passed in 2010 by the Obama administration in an attempt to ensure all Americans have access to affordable health…Read More
What is MinnesotaCare?
MinnesotaCare is a state run health program for low income minnesotans, its income limits are higher than Medical Assistance. The program is paid for by a tax on hospitals, health care providers, Basic Health program funding, and premiums from enrollees. The health plans available for MinnesotaCare enrollees vary from one county to another. However, most…Read More
Impact of Federal & State Budgets on Healthcare
As more news continues to come out about budgets for the upcoming year, it can be hard to understand how these changes may affect you. Both federal and state level policies and budgets have an effect on the types and prices of insurance plans made available to consumers. Here’s the low-down on what both President…Read More