Category: Tips

How Do Subsidies Work?

Can I save money? Every year Open Enrollment for the Affordable Care Act, also known as Obamacare, starts in November and people always ask what is the cheapest plan they can get? The answer is, it depends! The Affordable Care Act allows for certain individuals to receive subsidies based on income levels. However, you must first meet a certain income level before you are allowed to receive a subsidy. What does this mean? For an

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Save Money On Prescriptions

One of the most confusing pieces about healthcare are prescription medication costs. The Affordable Care Act made stipulations on drug coverages that are almost impossible to understand, and not all carriers are uniform in the way they present their drug tiers. Here is what you need to know: For each type of drug you are either going to have a copay, deductible, or coinsurance. In some cases you may be paying full price regardless if

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Open Enrollment 2018 Begins Tomorrow!

It is finally here, Open Enrollment 2018! Tomorrow you will be able to enroll for insurance plans under the Affordable Care Act for the 2018 plan year. Here is what you need to know: Open Enrollment lasts from November 1st to December 15th in most states. Premiums have increased in most areas. We have actually spoken to consumers who have been told their premiums are increasing by 50%. Deductibles are also going up. There are

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Why should I use an agent to shop for insurance?

In the age of the internet anyone can go and buy an insurance plan without speaking to an agent or a broker but is this really a good idea? Insurance is complicated and without proper training it is virtually impossible to understand all of the policies and how they work. An agent helps you understand exactly what you are getting with a policy and how it works as well as any exclusions. With the uncertainty

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