Health Insurance Blog - Health Benefits Information

More Co-Ops Go Flop

November 10, 2015 December 21, 2022 / By Design Health / All Posts, Health Insurance, In The News

Last week a webinar was given by several well informed professionals on the Affordable Care Act and the topic at hand, co-op shut downs. We are 8 down and counting stated Scott Harrington, Wharton School at UPenn Professor of Health Care Management, echoing the sentiments of the other panelists. After several more health co-ops have shut their doors just before the opening of the 2016 enrollment period one can’t help but say who is next. Many of the cooperatives seemed to fail before they even started, but with the prospect of true governmental help they could have survived. As stated during the …

The Benefit of an HSA and Being Over 65

November 9, 2015 December 21, 2022 / By Design Health / All Posts, Did You Know?, Health Insurance

We covered in previous posts what a Health Savings Account is and how they can be beneficial. One of those benefits is the ability to pull money out of your HSA account once you reach the age of 65 as tax-free dollars even if you are not using it for healthcare expenses. This enables individuals to use their HSA as a part of a retirement plan. You pay into your HSA account each year and accumulate funds that earn interest. If you build upon that at age 65 that money can be used for expenses other than healthcare, and withdraws are …

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Common Misconceptions with Defined Contribution

November 8, 2015 December 21, 2022 / By Design Health / All Posts, Did You Know?, Health Insurance, In The News, Small Business

There are common misconceptions with defined contribution plans as to their legality and how to set them up to comply with regulations. One of the common questions comes from understanding that the employer is not directly paying for an employee’s individual health insurance. When a company sets up a defined contribution plan it must be compliant with IRS, ERISA, HIPPA, and ACA guidelines. We typically recommend using an administrator when setting up these plans. So why do you need to set up a formal plan to be in compliance versus giving the employee funds directly? To maintain compliance employers aren’t involved in …

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Yoga Is Not Just For The Flexible

November 6, 2015 December 21, 2022 / By Design Health / Active Lifestyle, All Posts

A common misconception to those not immersed in the yoga bubble is that you have to be flexible to practice yoga. Keeping up with a healthy lifestyle is incredibly important and yoga can be practiced at any age whether you have a limited range of motion or are the most flexible person on Earth. The typical yoga that you see in photos or on the cover of Yoga Journal is not where you start a yoga practice. Each pose you see has a modification to enable a beginner to ease into each “asana” or posture. Many people stay in the modified pose …

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Help is Coming for Small Businesses

November 5, 2015 December 21, 2022 / By Design Health / All Posts, In The News, Small Business

When the ACA was written the law has come with its fair share of challenges and there have been many changes. When the law was passed the I.R.S. drafted a regulation that imposes fines on small business for doing what the very law is meant to do, help individual and families afford health insurance. Kevin Kuhlman, policy director for the National Association of Independent Business said, ” Reimbursing employees for the cost of insurance or medical services is a way for small businesses to help their workers without the administrative headaches of setting up a costly group plan.” The IRS has said for doing …

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Essential Oils

November 4, 2015 December 21, 2022 / By Design Health / Active Lifestyle, All Posts, Wellness

Rarely can I read a news or social media feed today without seeing something about essential oils. It’s one of those everybody is doing it thing, and not typically being one who moves with the masses on trends I was hesitant to try this new craze. Although, it’s not truly new. Using oils and the pure form of natural growing and living elements to heal is as old as time. The benefit of essential oils is that it takes each root, flower, twig, etc. and purges and purifies it for a highly concentrated oil. There are many companies that claim to …

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