Healthcare Advisor

What You Need to Know About the ABCD’s of Medicare Benefits

What You Need to Know About the ABCD's of Medicare

Medicare is the government medical program for seniors. Medicare was instituted in 1965 to ensure that older Americans would have access to the health they needed in their retirement years. You will become eligible for Medicare at 65 and may enroll for Medicare Benefits three months prior to the month of your 65th birthday, during the month of your 65th birthday, and three months after your 65th birthday. Medicare has four parts: A, B, C, D Part A is given to you by the government and covers 80% of your... Read More

HSA & FSA Contributions Will Increase in 2018

HSA & FSA Contributions Will Increase in 2018

Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits will remain the same, many of the limits will increase for 2018. The annual limits for the following commonly offered employee benefits will increase for 2018: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); Transportation fringe benefit plans; and 401(k)... Read More

The “Tornado” of Single-Payer Healthcare

The “Tornado” of Single-Payer Healthcare

As the healthcare debate continues both in congress and in states throughout the country, many are touting a single-payer healthcare system as the answer to our country’s healthcare and health insurance challenges. A single-payer system is, in essence, government-run healthcare. Instead of choosing coverage from the insurer of your (or your employer’s) choice, you would pay for your health coverage to the government in the form of taxes. This is not a particularly new idea. It has been the norm in many parts of the world. And it was even... Read More

Final Regulations To Stabilize Individual Health Insurance Market Issued

Final Regulations To Stabilize Individual Health Market Issued

The Department of Health and Human Services (HHS) issued final regulations to help stabilize the individual and small group markets on April 13, 2017, These final regulations take effect June 19, 2017, and do not significantly differ from the proposed regulations issued February 16, 2017. They will not directly impact large group health plans. They are intended to help stabilize the Health Insurance marketplace, and provide more flexibility for states and insurers, as well as to give individual health plan consumers more coverage options. These rules will include the following policy changes:... Read More

Change in Leadership May Signal Changes for Obamacare

Change in Leadership May Signal Changes for Obamacare

With new leadership on the horizon for our country, one thing we can be certain of is change. One of the most talked about and contested changes has been the possibility of changes for Obamacare, more formally known as the Affordable Care Act (ACA). Donald Trump has announced many times that he plans to repeal Obamacare and “replace it with something better.” Just last week Senate Republicans introduced a budget resolution that would allow it to be repealed with a simple Senate majority. There is increasing pressure to vote quickly... Read More

How to Choose the Right Individual Health Insurance

How to Choose the Right Individual Health Insurance

It’s time to buy your health insurance for 2017. Open enrollment for individual health insurance began November 1st and will continue through January 31, 2017. If you are new to purchasing individual health insurance, this is the time of year you must choose a plan for 2017. If you don’t choose a plan now, you will not be able to get individual health insurance again until 2018, unless you have a major “qualifying” event happen in your life, such as getting married or divorced, having a child, making an interstate... Read More

What Every Employee Must Know About Their Group Open Enrollment

What Every Employee Must Know About Their Group Open Enrollment

For the thousands of employees who receive their health insurance through their employers, it’s open enrollment time for health insurance and other benefits. These benefits are very important for employees and their families and it’s essential to have the necessary information to make the right decision regarding next year’s health coverage, as well as other benefits an employer offers. This coverage usually begins about a month or two after open enrollment and is in effect for a full year. Very often coverage will begin January 1 through December 31, though... Read More

Protect Your Right to Choose Your Healthcare–Vote No On Amendment 69

Vote No on Colorado Amendment 69

Election time is just around the corner, and this election is critical not only to our country’s future, but to Colorado’s future as well. We’re not talking about just the presidential election, but there is a proposed constitutional amendment that Coloradoans must vote on this year that could impact our state forever. This is Amendment 69, also known as ColoradoCare. It proposes that we allow the state of Colorado to take over our healthcare and make it a government entity. If Amendment 69 passes Colorado’s state budget will increase by... Read More

2017 A Big Year for Individual Health Insurance Increases

individual health insurance increases

Are you still  experiencing sticker shock from your 2016 individual health insurance premiums? Well, hold on to your hats because Individual health insurance premiums will be increasing significantly for Colorado residents in 2017. The average increase for Colorado residents who buy their own health insurance will be about 20% for next year. Not only that, but in some areas, residents may have only one carrier to choose from. Two large carriers will not be offering individual plans at all for 2017. These are the largest increases since the ACA launched... Read More

How to Know Whether to Go to Urgent Care or the Emergency Room

How to Know Whether to Go to Urgent Care or the Emergency Room

When you or a family member are sick or injured, deciding where to get care is the last thing you want to have to figure out. Understanding your options now will make decisions easier when you need immediate care. If you are ill or injured, your primary doctor is your best starting point. They have quick access to your health history and any underlying medical conditions. This makes them the best choice to make informed decisions about your care. Even outside of normal office hours, a phone call to your doctor’s office... Read More