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The Annual Open Enrollment Period starts October 15 th for Californians over 65 years old

The Annual Open Enrollment starts October 15th and ends December 7th. In this period Medicare eligible Americans should review their Medicare Advantage and Prescription Plans to see if the plans of 2015 still fits their needs. Please reevaluate if you are taken any new prescription drugs of if possible your existing Medicare Advantage Plan is […]

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Covered California subsidy guidelines for 2015

With the implementation of the Affordable Care Act many Californians receive subsidies based on their modified adjusted gross income ( line item 38 on your 1040 tax form or line 22 of your 1040A form)  and the Federal Poverty Level. For 2015 Covered California will base the subsidy on the  Federal Poverty Level 2014 guidelines. The 2014 Federal […]

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Covered CA announces rates for 2015 – good news for Los Angeles area

Covered California  announces rates for 2015; the Los Angeles region will  have a 4.3 % price increase which is 0.1% higher than the 4.2%  state average these are welcome news for all Angelnos.  Ten insurance carrier participating in Covered California 2014 remain in 2015.  Aetna, UHC, Assurant and Cigna are still not partnering with Covered California. Kaiser […]

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Health Care Subsidy Ruling has no immediate impact for California

Two federal appeals courts have recently issued contradictory rulings on whether individuals enrolling in health plans offered through Marketplaces run by the federal government are eligible for subsidies to help pay for their coverage. These ruling has no impact for California as  Covered California is a state run exchange. The D.C. Circuit Court of Appeals […]

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Grace Period for late payment on health insurance differ for off-exchange health plans versus subsidies health plan

Grace periods differ for health insurance policy holders who get government subsidies Did you know that heath insurance members  have a different grace periods for overdue payments on their health insurance , depending on whether they get a government subsidy to help pay the cost of their monthly premiums? Health Insurance Policyholders who do not get a government premium […]

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Should Veterans apply with 65 for Medicare?

Veterans who turn 65 years old do not have to apply for Medicare as they are receiving Veterans Administration (VA) benefits, but there are several reason why applying for Medicare could be advantageous for Veterans. Using both VA benefits and Medicare allows Veterans to see more doctors , especially if their health condition needs varied […]

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Health insurance cancellation due to missed premium payments needs to be revised

With the introduction of the Affordable Care Act , and the intention that every American should be enrolled in health insurance, the cancellation policy due to missed payment of the insurance carriers need to be revised. In the last 2 months especially Anthem in California has cancelled policy holders health insurance coverage  for missed premium […]

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IRS penalize employers who contribute tax-free moneys towards paying individual health insurance

California employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums. However  the Obama administration has objected to this procedure. Such arrangements do not satisfy the health care law, the administration said, and employers may be […]

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Covered California launched a limited Open Enrollment Period for COBRA policyholders

 Covered California launched a two-month limited open enrollment period for COBRA health insurance policyholders who want to transition to a health plan offered through the state health insurance exchange. Background COBRA — or the Consolidated Omnibus Budget Reconciliation Act of 1985 — allows individuals who lose their job or leave their position to continue coverage […]

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Health Saving Account Inflation Adjustment for 2015 slightly increased

The IRS has released the 2015 inflation-adjusted amounts for health savings accounts (HSAs) in Rev. Proc. 2014-30. For 2015, HSA contribution limits and high deductible health plan (HDHP) out-of-pocket maximums are up slightly over 2014, while HDHP minimum required deductibles remain the same as 2013. * Annual Contribution Limits: $3,350 for self-only coverage and $6,650 […]

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