insurance Archives - DesignHealth Benefit Advisors

Health Insurance Options After College

March 13, 2021 / Design Health / Health Insurance

There are many health insurance options for recent grads. Whether you’re planning to move to a new city, start a new job, or experience other life changes, there are multiple ways to stay covered after college. After all, getting insured may not be as complicated as you may think. Here are the top four health insurance options for college graduates. 1- Enroll in Marketplace Insurance You may qualify for a Marketplace insurance policy through either the Federal or State based exchange depending on your location. More people are eligible for Marketplace medical coverage now than in the past. Moreover, you […]

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How are Health Insurance Subsidies Determined?

November 16, 2015 / Design Health / All Posts, Did You Know?, Health Insurance

Each year during open enrollment individuals are able to see if they are eligible for health insurance subsidies to help supplement their health care costs. The determinations are based on projected adjusted gross income (AGI) for the year compared to the cost of the second lowest silver plan in an individuals state of residence. These two factors along with how many individuals are in the household will determine eligibility to receive assistance. The only way to receive assistance is to enroll in either your state based exchange or on Healthcare.gov. Documents are required to verify the income that you are claiming is in fact correct. If you qualify

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The Benefit of an HSA and Being Over 65

November 9, 2015 / 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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Did You Know, Not All Doctors are In Network?

November 2, 2015 / Design Health / All Posts, Health Insurance

You enroll in your health plan and choose an option that is affordable and seemingly everything you are looking for, but is it really? I come from personal experience when I discuss this as I was extremely naive to how health coverage works when I first started working in this industry. I received my health cards last year and noticed a doctor printed on my card but failed to look at the fine print. I thought nothing more of what was printed on my card. A few months later I was sick and needed to see a doctor, so I called a

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HSAs Continue to Impress

October 26, 2015 / Design Health / All Posts, Health Insurance, In The News

Employee’s are learning how to use their HSAs more and more. A report by the Employee Benefit Research Institute found that the average amount of money in an HSA increased by 37 percent in 2014. At this time there are currently 13.8 million HSAs covering around 17 million individuals, with the accounts being worth an estimated $24.2 billion. HSAs were created in 2003 enabling individuals with high deductible health plans to have tax free saving on medical expenses. Although, the Employee Benefit Research Institute estimates that four out of five current HSA accounts have been created since 2011. The rise in

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Will The Co-Ops Survive?

July 8, 2015 / Design Health / All Posts, Health Insurance, In The News

When the Affordable Care Act was passed several Health Insurance Co-Ops were created to move away from the traditional healthcare insurers. Grace-Marie Turner with the Galen Institute states, “The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit.” This ideal is wonderful, but each of these co-ops are startup companies that are having growing pains. They are each trying to find the balance of premium cost versus losses taken. Several of the co-ops had a

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