Medicare Part A. Medicare Part B. Medicare Advantage. Medicare supplement plans. Prescription drug plans. An employer’s group health plan. A retiree plan from a previous employer. The health insurance choices for people age 65 and older can seem daunting. How do you sort them all out? Which plan or combination of plans is best for you? There are lots of questions, but WPS is here to help.
Beginning Oct. 1, 2013, individuals and small businesses can shop for health plans that go into effect on Jan. 1, 2014, through insurance Marketplaces, also called exchanges, in each state. People will still be able to purchase insurance directly from an insurance company or through a broker. The Marketplaces simply offer a new option. They are intended to increase the size of the insured pool to spread out risk and keep costs stable.
It used to be there was only one option available if you lost your job-based health insurance: get COBRA continuation coverage. Now, if you find yourself without the health insurance benefits from a job, you also have other options: get an individual plan on or off the Marketplace.
Life can be crazy sometimes and you don’t always know what to expect, particularly with your health. If you find yourself without health insurance, it’s not generally a good idea to cross your fingers, drink more orange juice, and hope you don’t get sick. There are other ways to get covered and regain your peace of mind.
Certain circumstances make it possible for you to enroll in health coverage outside of the annual open enrollment period, which is the time of year many people can apply for new coverage, change their coverage, or drop coverage.
You make appointments to get your hair cut. You take your car in to the shop when it makes strange noises. You drop your child off at school in the morning. You turn into the drive-thru to grab some food for lunch. Every day you turn to people whose job it is to cut your hair, fix your car, teach your children, and make your food. And every day you head in to work to do what you’ve been trained to do.
This is a question people ask themselves every day. When you’re between health insurance coverage, it can be hard to know what to do for the time being. You probably have heard of the Consolidated Omnibus Budget Reconciliation Act, or COBRA, but is that your only option?
There are a lot of special terms and long words associated with health insurance: deductible, coinsurance, referrals, prior authorization, and more. Today, we’re going to focus on what out-of-pocket maximum means to you.
Summer might be coming to an end, but that doesn’t mean your travel plans have to! There’s still time to fit in those last-minute trips to distant beaches or neighboring cities. But what shouldn’t be a last-minute plan is how to handle an emergency that occurs on your vacation.
Under the new health care reform law, will insurance premiums increase or decrease? It’s a tough question. In the news, we’ve seen health plans for various states’ health insurance exchanges coming in lower and higher than expected. In Wisconsin, plan costs for the exchange haven’t been revealed yet.