Health insurance protects your family and your financial stability.
A medical insurance policy not only protects your health, it also protects your assets and your income.
Regardless of your political views on the subject, we are all responsible and required to maintain minimum essential coverage (MEC) through a qualified health plan (QHP), whether through our employer or on our own.
The penalty for not having health insurance, the individual responsibility requirement, for 2016 is 2.5% of the taxpayer’s household income that is above the tax return filing threshold for the taxpayer’s filing status or a flat dollar amount of $695 per adult and $347.50 per child, to a maximum of $2,085 per family.
There are several affordability programs available for which you may qualify based on your income and household size, that can lower your premium and your cost-sharing percentage. This is available to those individuals who do not have employer-sponsored coverage.
Key points for individuals and families looking for a health plan:
- Using the Health Insurance Marketplace (Healthcare.gov), together we can find a health and/or dental plan that suits your needs and budget.
- Take advantage of insurance affordability programs, such as premium reduction and cost-sharing, if you qualify based on your income, not your assets.
- Plans have networks of doctors and no network has all doctors. Find a plan that works with your doctors.
- If you own a small business, we can help you navigate the Healthcare.gov website and find a plan that fits your small business needs (under 50), at no additional cost.
- Get an estimate of your Small Business Tax Credit, if you qualify.
Health Insurance for Retirees
If you have reached the age of 65, have worked and paid tax for at least 10 years, or are disabled, you most likely are eligible for Medicare benefits.
If you are still employed, you may defer your enrollment in Medicare Part B until you retire, at which point you may join a plan available to the general population of one that your employer may sponsor.
There are two broad choices of Medicare plans to start, Medicare Advantage plans or Medicare Supplements.
Medicare plans meet of of the requirements of the Affordable Care Act on essential health benefits.
Health Insurance and Pre-existing Conditions
Effective for plan years beginning on or after January 1, 2014, the Affordable Care Act generally prohibits group health plans and health insurance issuers from limiting or excluding coverage related to pre-existing health conditions, regardless of the age of the covered individual. This applies to group (employer) plans, individual and families and Medicare plans.
Let ‘s find coverage that fits your needs
Call us at 832-253-8329 or send us a quick message and we will reach out to you today: