Finally, you can get multiple Health Insurance quotes from one agency
If you want the best health Insurance coverage for your family at the best price let Insurance Connection do the shopping for you. We will provide you with a side by side comparison of several of the top insurance companies so you can pick the best one.
- Save Tons of Time and Money: We do all the work in researching all the major insurance companies to get you the best coverage and you save a ton of money.
- Get the Best Advice: Not all health insurance policies are the same. Often you can pay less and get more coverage. Our agents will provide guidance in selecting the best insurance coverage for your home.
Let Us Help You Find the Best Health Insurance
Good health is one of our most precious assets – so ensuring that we are able to pay for the best health care possible is essential. That can oftentimes be done through the purchase of good health insurance coverage.
But all policies are not created equal. That’s why it is so important to ensure that you not just have coverage – but the right coverage for you and your specific needs. So, when you require assistance with understanding the “fine print,” or with obtaining the best insurance quotes in the market place, be sure and turn to Insurance Connection USA.
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How Health Insurance Has Changed Throughout the Years
Over the past few years, health insurance has changed a great deal. Due to health care reform, there are new rules and regulations in place now that could affect the way that you obtain your coverage. Because of so many new changes, it can help to have a professional on your side who is knowledgeable about which way you should turn – and what your best options are for obtaining insurance coverage going forward.
Finding You the Best Health Insurance Coverage for Your Needs
There may be a number of reasons why you may be in the market for a new health insurance policy. Maybe you just left your employer and you are seeking an individual plan for the first time. Or, possibly you are just simply looking to update your plan, hoping to find a better premium rate.
In any case, we can provide you with a wide variety of plans to choose from, along with a range of insurance quotes, so that you can opt for the coverage plan and options that best fit your current protection needs.
We work with many of the top health insurance companies in the industry today – so we are able to provide you with a truly objective and unbiased opinion on the policy or plan that will work best for you, your family, or your business’s needs.
Recently the Medical sharing programs have been popular with people looking for a Health Insurance alternatives
Medi-Share is one of the largest of these programs. Healthcare sharing is when a group of people unite to help pay each other’s medical bills. Medi-Share is based on the biblical principles of sharing others’ burdens. Members contribute monthly “shares” to assist other Christians who agree to live similar lifestyles. Medi-Share began in In 1993 Medi-Share was organized, offering a formalized approach to healthcare sharing. Medi-Share households have saved and shared more than $2.6 billion in medical expenses since then. Medi-Share is administered by Christian Care Ministry, a 501(c)(3) organization. To find out if Medi-Share is right for you visit Medi-Share
Taking the Next Step
There are many options to choose from when determining which health insurance plan is the best one for you. Yet, the ultimate decision will come down to your personal situation and your coverage protection needs.
While there is a lot of information available, it is best to work through all of your potential options with a professional who can walk you through the various scenarios and who can help you in narrowing down the right policy for you. For additional information on choosing the right health insurance, Texas, Washington, and New Mexico residents should call or visit the nearest Insurance Connection USA location today.
What Is Cobra Continuation Coverage?
Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA)1 health benefit provisions in 1986. The law amended the Employee Retirement Income Security Act (ERISA), the Internal Revenue Code and the Public Health Service Act to require most group health plans to provide a temporary continuation of group health coverage that otherwise might be terminated.
Group Health Plans Subject to COBRA
COBRA generally applies to all private-sector group health plans maintained by employers that have at least 20 employees on more than 50 percent of its typical business days in the previous calendar year. Both full- and part-time employees are counted to determine whether a plan is subject to COBRA. Each part-time employee counts as a fraction of a full-time employee, with the fraction equal to the number of hours that the part-time employee worked divided by the hours an employee must work to be considered full time.
Texas State Continuation
Companies in Texas with less than 20 full time employees are subject to the State Continuation rules. Most of the insurance companies manage the state continuation process for employers. The support staff of Insurance Connection USA will also assist employers make sure they are in compliance.
A Health Savings Account is an interest-bearing bank account you may set up with a financial institution. Participation in a Health Savings Account (HSA) is limited to those enrolled in a HDHP qualified health plan.
Companies can partner with a bank to allow employees to make pre-tax payroll contributions into their HSA account. The money that is deposited into an HSA account is the employees money to use for any qualified medical expense. Contributions to an HSA account cannot exceed the IRS contribution limits. You do not have to use any of the money deposited into the HSA on an annual basis. Your account balance will roll over each year without a penalty on a tax-deferred basis.
Health Savings Account (HSA) Facts
CONTRIBUTIONS How much can I contribute to my HSA? The maximum annual contribution that an individual, with individual coverage, can make to an HSA is $3,250 for 2013. In the case of a family, with family coverage, the maximum annual contribution is $6,450 for 2013. The deductible contribution is not limited to the annual deductible under the high deductible health plan.
How much may I contribute to the account if I establish my HDHP after January 1, 2013? An individual or family, who are covered under an HDHP in a month other than January, may make a full HSA contribution for the year as long as certain conditions are met. However, if you cease to remain an eligible individual throughout 2013, the extra amount contributed is included in income and subject to an additional 10 percent tax; the 12 month rule.
An individual enrolls in an HDHP in December of 2012 and is otherwise an eligible individual in that month.The individual is not an eligible individual in any other month in 2012. The individual can make an HSA contribution for 2012 as if he or she had been enrolled in the HDHP for all of 2012. If the individual ceases to be an eligible individual (e.g., if he or she ceases to be covered under an HDHP) in June 2012, an amount equal to the HSA deduction attributable to treating the individual as an eligible individual for January through November 2012 is included in the individual’s income in 2012.
How do I make withdrawals (or take distributions) from my HSA? You can make tax-free withdrawals (also known as distributions) from your HSA to pay for qualified medical expenses at any time during the year. When your account is opened, you receive a debit card and checks for easy access to your funds. However, you do not have to make withdrawals from your HSA each year. Your contributions remain in your HSA from year-to-year until you use them. If you make withdrawals for non-qualified medical expenses or for other reasons, the amount withdrawn will be subject to income tax and may be subject to an excise tax as well. Please keep in mind you should track all of your withdrawals from your HSA so you can supply documentation on your expenditures if needed.