December 11, 2018
Mount Hermon, KY – David Taylor Jr. has been recognized for his hard work and expertise in helping consumers enroll in and manage qualified health coverage through the Health Insurance Marketplace.
This nationwide recognition from the Centers for Medicare & Medicaid Services (CMS) as a member of the 2019 Marketplace Circle of Champions highlights David Taylor’s success in enrolling consumers during this Open Enrollment Period.
“Consumers turn to agents and brokers for trusted advice and guidance in selecting plans, enrolling in coverage, and managing their health insurance policies throughout the year,” said Randy Pate, Director of Center for Consumer Information & Insurance Oversight (CCIIO) operation within CMS, which oversees the Marketplace. “We thank David Taylor for his hard work and exceptional service in helping Americans get coverage.”
The Marketplace Circle of Champions program recognizes the hard work, expertise and service of Marketplace-registered agents and brokers. Agents and brokers large numbers of consumers qualify for the Marketplace Circle of Champions.
Eligible consumers can enroll in Marketplace coverage during this year’s Open Enrollment Period, which runs November 1 – December 15, 2018. Consumers with questions about their coverage or who would like help enrolling, can contact David Taylor at 1-888-630-3826.
For the last few years short-term health insurance plans have only been allowed to last for a maximum coverage period of three months. This decision forced many families into overly expensive health plans in the Healthcare.gov Marketplace.
On October 2nd all of that changed. These plans are now allowed to last for one year just like any other medical plan. This means that you have more options, more networks, and often better prices to choose from.
This, combined with the elimination of the ACA Tax Penalty for not having insurance, means that now is the best time to buy insurance for you and your family.
Please request a free quote today to find out what your options are!
It is true that the recently signed into law tax bill does remove the individual mandate from the Affordable Care Act. However, this repeal of the mandate does not go into effect until 2019. This means that you must still have minimum essential coverage for 2018 or face the possibility of a tax penalty.
So what exactly does this mean?
For 2018 you must have minimum essential coverage in order to avoid the tax penalty. There are still ways to do this and you can get a quote by contacting our team.
In 2019, options will change drastically. You will be able to obtain insurance of any type without the fear of facing a tax penalty or can even opt to go with no coverage at all.
If you have questions about this, want to know your options, or have general questions about healthcare, feel free to contact my team today.
H.R.1 — 115th Congress (2017-2018)
2018 Open Enrollment is in full swing and everything is running smoothly so far. It is not too late to get coverage for 2018 but time is running out.
Open Enrollment was cut from 90 days down to 45 days this year and ends on December 15th in most states. There is also no word on when changes will be made by CMS and HHS regardign the Executive Order the President signed in October.
That means, if you want a solution that is long term you need to act now!
The problem is that deductibles are high with the ACA plans for many Americans. That is ok, you can get a supplement to offset those costs.
Feel free to contact us to get a quote today!
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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 ways to offset these new costs or eliminate them altogether. However, you will need a licensed agent to help you navigate these changes.
Our team is standing by and ready to assist you with these changes. Please call 1-888-630-3826 or schedule an appointment.
With the 2018 Open Enrollment period now only one week away many people are asking what has changed for 2018 with regard to their health insurance?
The simple answer is nothing much has changed. The main changes for the way 2018 will operate is that premiums are going up virtually across the board and some carriers have pulled plans out of certain states. Those are the main changes.
There are several bills in the Senate that are taking shape that would change some of the healthcare laws and regulations but, so far, the Senate can’t seem to agree on what should be done to repeal and/or replace Obamacare.
The IRS also recently announced that they will no longer process tax returns for 2018 that do not answer the question about health insurance. However, in many cases, the “penalty” is much less than the premiums would be under Obamacare compliant health plans.
So what are your options?
Short Term Medical Plans
- These plans currently go in 3 month increments but are substantially cheaper than their Obamacare counter parts.
- These plans do not cover pre-existing conditions so you need to be mindful of that if considering one of these plans.
Exchange Affordable Care Act Plans
- These plans run for 1 year.
- Certain people are eligible for subsidies if they are under a certain income threshold.
- Cover Pre-existing conditions
- Many of these plans limit the doctors that you are allowed to see and do not provide out-of-network coverage. Check with a licensed agent in your state to verify your doctors before purchase.
- Because of mandated coverages, these plans tend to be more expensive as you are paying for things you do not need.
- Supplements can help out of pocket expenses with either of the two major types of medical plans. They can help pay for deductibles and out of pocket costs in the event something catastrophic were to happen.
- Generally inexpensive.
To talk to an agent for a free consultation use the following link:
Schedule a Free Consultation
What is the Penalty?
People are very concerned about the Affordable Care Act penalty if they do not have what is called “Minimum Essential Coverage.”
First, what exactly does “Minimum Essential Coverage” mean? Minimum Essential Coverage (MEC) is any plan that falls into several categories. Below are a few types of plans, a full list can be found at www.healthcare.gov
- Any job-based plan including retiree plans
- Medicare Part A or Part C (does not include Part B)
- Most Medicaid Plans
- Most Student Plans
- Some VA Plans
If you are not enrolled in one of the MEC plans you are potentially subject to a penalty that must be paid with your taxes. So how much is the penalty?
There are two possible totals that you can pay, but you only pay whichever is greater:
Percentage of income
- 2.5% of household income
- Maximum: Total yearly premium for the national average price of a Bronze plan sold through the Marketplace
- $695 per adult
- $347.50 per child under 18
- Maximum: $2,085
That is the penalty maximums and it can only be collected if you voluntarily pay it or if it is witheld from your tax refund. There is no liens, judgements, etc. that can be applied to you for not paying the penalty.
Why does this matter?
Some people do not find that the ACA MEC plans are affordable to them. In fact, this is the rule not the exception. So what options do you have?
There are plans out there that do not meet ACA requirements but have much lower premiums, and, for healthy people, often have better coverage. What you need to look at is how much you will save in premiums vs how much the penalty will cost. That determines which is the better option for you.
There are other factors to look at that a licensed agent will help you navigate. Request a quote today to get a call from an agent who can walk you through all of the plan options.
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 of the Affordable Care Act and what Congress is or is not going to do, it is more important than ever to not try and do this by yourself.
All agents are not the same. Some agents only work for one carrier and will only give you options with that carrier. That means there might be other options out there that would be better but you will never hear about those from these types of agents. These are also called “captive” agents.
Other agents are actually brokers. They work for you. You do not pay them and they can shop around for a plan from many different carriers and can build a custom plan for you that fits your budget and healthcare needs. This is the type of agent that you want to go with when shopping for insurance.
The bottom line is don’t try to do this alone. Know what you are getting with the help of a licensed agent. To get free quotes from a broker fill out this brief form today.
There is a lot of confusion and uncertainty with what is happening in Washington with the Affordable Care Act and Health Reform. Everyone needs to understand that so far, nothing has changed.
So what does that mean for everyday Americans?
Open Enrollment starts on November 1st and will run through December 15th (some specific state exchanges have extended their deadlines). In the past, consumers have had three to six months, this year is only 45 days. That means there is less time for you to talk with an experienced professional to find out what your options are and what the best fit is for your budget and needs.
The frustrating part of the Affordable Care Act is that it is truly difficult to find plans that are affordable in many cases. Affordable plans are out there, but it often takes an Agent to find those plans for you and explain how they work. Often, it means bundling several plan pieces together to form a comprehensive plan at an actual affordable rate.
Yes, affordable healthcare is actually possible. Please click the following link to book a consultation during open enrollment. Remember, it is only 45 days this year so these time slots will book quickly! If you are currently without insurance and need something before 2018 go ahead and get a free quote today!
Book Your Free Appointment Now