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Health Insurance

QSEHRA 101: The Small Employer's New Best Friend
QSEHRA 101: The Small Employer's New Best Friend

QSEHRA is a newer way for small businesses and non-profit organizations to offer healthcare coverage to their staff.  A QSEHRA allows employers to set aside a certain amount of money each month to reimburse employees for healthcare expenses, whether insurance premiums or other medical expenses, and the reimbursements are available tax-free for everyone.  This means employers can offer benefits without having to administer or pay the hefty costs associated with a traditional group health plan, and employees can choose a health plan that works best for their needs.
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ICHRA Basics: What You Need To Know
ICHRA Basics: What You Need To Know

Many people are looking for ways to save money on healthcare coverage, and many employers are been struggling to provide sufficient, affordable options.  With money savings and flexibility at the top of the priority list, ICHRA is likely to be the new healthcare buzzword of the hour.  It may sound like just another acronym for the financially savvy, but an ICHRA could be the healthcare solution many have been looking for.
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THE RISKS AND REWARDS OF HEALTH SHARING MINISTRIES
THE RISKS AND REWARDS OF HEALTH SHARING MINISTRIES

With the cost of healthcare premiums still on the rise year after year, many Americans find themselves searching for new ways to stretch their dollars and save on healthcare.  If you have been researching options to loosen your budget, you may have discovered Health Sharing Ministries and wondered exactly what they are, how they work and if they could be your answer to saving on the skyrocketing costs of premiums, deductibles and co-insurance.   
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WHEN IT COMES TO MEDICARE, WHO PAYS FIRST?
WHEN IT COMES TO MEDICARE, WHO PAYS FIRST?

Understanding Medicare typically isn’t a hot bucket list item, and for good reason – it’s complex, lengthy and dry. Trying to make sense of Medicare laws can be overwhelming for both individuals and businesses. When an employee or dependent is enrolled in a group plan and Medicare, the rules for who is responsible to cover that individual’s medical bills first can be confusing. We’ve laid out a few scenarios to make it a little easier to understand when the employer’s group plan is responsible for paying first and when Medicare takes on the role of primary payor. 
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CAN I GET A SHORT-TERM MEDICAL PLAN?
CAN I GET A SHORT-TERM MEDICAL PLAN?

Now that Open Enrollment for 2019 has wrapped up, many Washington State consumers may have been expecting to enroll in short-term medical plans to fill coverage gaps. Washington state regulators have implemented new rules for short-term medical plans that will take effect this month.  Due to these new regulations, short term medical plans (STMPs) will not be available for purchase in the Washington State market.
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OPEN ENROLLMENT HAS ENDED.  NOW WHAT?
OPEN ENROLLMENT HAS ENDED. NOW WHAT?

Now that the Open Enrollment window has closed for 2019, you may be wondering what your options are, if any, for enrolling in health benefits for the year.  While there are no extensions to Open Enrollment for latecomers, if you have experienced certain qualifying events leaving you in need of healthcare, you may be eligible for a Special Enrollment Period. 
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2019 BENEFIT LIMITS YOU NEED TO KNOW
2019 BENEFIT LIMITS YOU NEED TO KNOW

The IRS has changed the annual contribution limits on many tax-free benefit accounts available for enrollment for 2019.  Make sure you know the contribution limits for your accounts this coming year and that you take full advantage of the benefit accounts offered by your employer in order to save on your taxes. 
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2019 HEALTHCARE PREMIUM RELIEF
2019 HEALTHCARE PREMIUM RELIEF

Since the Affordable Care Act began requiring people in purchase health insurance in 2014, many have been searching for ways to make their healthcare premiums more affordable.  Shoppers who purchase healthcare coverage through the Marketplace may be eligible to receive the premium tax credit.  Find out if your income makes you eligible to receive a subsidy on your Marketplace plan or to enroll in Medicaid coverage.
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5 Things You Should Know Before Open Enrollment
5 Things You Should Know Before Open Enrollment

Open Enrollment has a significantly shorter window for choosing plans this year than in prior years. Here are 5 things you need to know before Open Enrollment begins to help you make the best decision for you and your family.
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How Does The ACA Impact COBRA?
How Does The ACA Impact COBRA?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows individuals and their dependents to maintain their employer or group healthcare coverage after a certain qualifying event has occurred, like termination of employment or reduction in work hours, for a set period of time. However, there are other available health plan options to choose from, which may work better for you.
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