What is Coinsurance in Health Insurance?
Many people wonder what is coinsurance in health insurance and how does it work? Is it the same as a deductible and who has to pay it? We know it can seem confusing all the terms you hear with health insurance, but when you break it down, it’s easy to understand and...
How To Get Health Insurance
In a nutshell, health insurance is a way of covering the price of your medical bills and health treatment. Most people are unable to pay for all of their health-care expenses out of pocket and must rely on a debit or credit card to do so. Health insurance can make it...
What Is The Difference Between Copay and Deductible?
Medical insurance, often known as health insurance, is a type of insurance that covers all or part of a person's risk of incurring medical bills. Risk exists among many people, just as it does with other types of insurance. An insurer can design a routine finance...
5 Ways To Get Health Insurance When Self Employed
One of the biggest challenges facing freelancers today (aside from landing paying clients) is finding affordable healthcare coverage. In fact, according to a 2016 study by Upwork, 11 million freelancers in the U.S. workforce are without health insurance. It can be...
Vision Insurance – What is it and why do you need it?
What is Vision Insurance? Vision insurance plans are designed to reduce the costs associated with routine preventive eye care like annual eye exams and prescription eyewear or contact lenses. The range of coverage for procedures depends on the company and plan level,...
What is the Gig Economy?
A gig economy is when a company entity or group of entities choose to hire freelancers, independent contractors, and temporary employees instead of full-time employees. It is a stark contrast to the traditional way of hiring full-time employees full-time....
Healthcare in 2020: What You Need to Know
If you’re reading this, smart money says you’re just as confused as most people about healthcare in 2019. Can I buy coverage now? Maybe. Is there a penalty if I don’t find an ACA plan? No. What are my options if I lost my coverage? Several. Is it even...
What is a Health Savings Account?
A Health Savings Account (HSA) is a tax-advantaged medical saving account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not...
4 New Tax Exemptions If You Don’t Have Qualified Health Insurance
People who were not insured by a government approved plan in 2016, 2017 and 2018 now have more available ways to escape Affordable Care Act fines. Four new exemptions have been added to already existing ones for these years, meaning taxpayers may be able to recoup...
3 Reasons Temporary Health Insurance Is Better Than COBRA
When you’re facing a loss of medical coverage due to temporary gaps in employment or another factor, purchasing COBRA coverage could initially seem like the right choice to protect your health and finances. Under HIPAA, federal law requires employers with 20 people or...