Health Insurance Basics

The Affordable Care Act (ACA) mandated Americans have health insurance. The mandate included an IRS tax penalty, or shared responsibility payment, for non-compliance. Numerous states declared the mandate unconstitutional. Let’s look at tax penalties for health coverage, what they are, and the states where they apply. Is There a Tax Penalty For No Health Insurance? […]

UPDATED: AUGUST 05, 2022 | 1 MIN READ

Finding low-cost individual health insurance can be costly if you don’t know where to look. The main issue many people run into is finding a balance between the price and quality of the plan. You do not want to sacrifice quality for price or vice versa. If you need direction on where to look for […]

UPDATED: JULY 26, 2022 | 3 MIN READ

Family health insurance works the same way as individual health insurance. The only difference is it covers multiple people. Because of this, they often have a higher deductible, monthly costs, and out-of-pocket maximums. What Is a Family Health Insurance Plan? Affordable Care Act (ACA) requires all health insurance plans, including family ones, to cover specific […]

UPDATED: JULY 26, 2022 | 3 MIN READ

Open Enrollment begins soon. If you’re interested in signing up for an insurance plan, don’t go into it uninformed. Learn how it works, the cost, and what you need to know about individual health insurance coverage. What Is Individual Health Insurance? Individual health insurance is a health care plan you purchase directly through the marketplace […]

UPDATED: AUGUST 05, 2022 | 3 MIN READ

Health insurance plans come with choices, and costs without healthcare are astronomical. If you’re in the market to look for healthcare plans, you’ll see all kinds of options. It can feel confusing and overwhelming. So, how are the plans different? The article below covers all types of health insurance plans available, deductibles, costs, and more […]

UPDATED: JULY 27, 2022 | 2 MIN READ

Understanding health insurance is a challenge, particularly when looking for a plan to insure your entire family. Most full-time employers offer health care coverage, but how do you know if you’re paying too much? This article examines where families spend the most and the least on health insurance and what steps you can take to […]

UPDATED: JULY 26, 2022 | 2 MIN READ

Healthcare benefits can be confusing, but they are essential to help you take control of your physical health and finances. One common benefit employers offer is a flexible spending account (FSA). If you want to understand a flexible savings account and how to use it, keep reading. What Is an FSA and How Does It […]

UPDATED: JULY 26, 2022 | 1 MIN READ

Even if you have good health insurance, there are bound to be expenses you have to pay. This can include deductibles, prescriptions and medical supplies that aren’t covered, and a co-pay. Luckily, some accounts let you pay these expenses tax-free – a health savings account (HSA) and a flexible spending account (FSA). Let’s compare HSA vs. […]

UPDATED: JULY 26, 2022 | 1 MIN READ

A Health Savings Account (HSA) can be a great way to save for medical expenses and reduce your taxable income. However, the health insurance plan that HSAs require isn’t for everyone. Learn more about how HSAs work, the qualifications, and the pros and cons. Health Savings Account Quicklinks What Is a Health Savings Account (HSA)? […]

UPDATED: JULY 26, 2022 | 3 MIN READ

Choosing the proper health insurance plan can be mind-boggling. It can be difficult to decide which is best between PPOs, HMOs, and high-deductible plans. Let’s look at these plans and why it could be a good option for you and your family.  High-Deductible Health Plan Quicklinks What Is a High-Deductible Health Plan? High-Deductible Health Plan Pros […]

UPDATED: JULY 26, 2022 | 3 MIN READ