Health Insurance

6 Common Health Insurance Terms Everyone Should Know

Open enrollment for health insurance is now underway, and the key to getting coverage is understanding the terms of your plan. You’ll want to know what a deductible is and how it affects your healthcare costs. Understanding co-pays, coinsurance, and out-of-pocket maximums is also essential—not only because they’re crucial to managing medical costs but because […]
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Everything You Need to Know About the 2023 Federal Employee Health Benefits Premiums

Health insurance is a critical aspect of personal and family responsibility. Such benefits fall under the Federal Employee Health Benefits Program for federal employees. Under this program, the Office of Personnel Management (OPM) contracts with various private health insurance carriers to provide coverage to federal employees, retirees, and their families. Each year, the OPM announces […]
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Are Health Insurance Premiums Ever Tax-Deductible?

Statista reveals as of 2021, over 200 million people in the US had health insurance. Health insurance is undeniably one of the most significant monthly expenses for Americans. The current sharp spike in the cost of living has led many consumers to wonder whether they can reduce their costs through tax breaks on their monthly health insurance […]
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Recent Healthcare Marketplace Important Changes

The Healthcare Marketplace Special Enrollment Period (SEP) has been modified because of an executive order signed by President Biden.  On March 23 it was announced that the Centers for Medicare & Medicaid Services (CMS) will be extending the SEP by three months to give consumers more time to purchase coverage. The SEP began on February […]
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