Advantage Plans Under Scrutiny
(Bloomberg 3/4/24) – Democratic senators led by Elizabeth Warren urged top Biden health officials to take a harder line on private Medicare Advantage health plans, arguing that insurance companies annually overcharge the government by tens of billions of dollars. The lawmakers … Continue reading →
Important News: More coverage
The Illinois Department of Health Insurance has ordered major medical health insurance providers to cover the following care beginning January 1, 2024. Make sure the billing department of your health care provider is aware of the mandates and is … Continue reading →
Can You Get a Group PPO?
If you’re an Illinois resident buying your own health insurance, you can’t get real major medical PPO coverage health insurance, right? Maybe! Illinois doesn’t allow individuals to get group health insurance through associations like alumni or professional groups. But … Continue reading →
Federal Report Targets Medicare Advantage Plans
Federal Report Targets Medicare Advantage Plans Jerry S. Pearlstein Insurance has advised using Original Medicare with Medicare Supplements rather than Medicare Advantage plans across the 20 years of our practice. The AARP Bulletin June 2022 article quoted below offers more … Continue reading →
Seven Steps to Save Your Heart
It’s the month of valentines and nobody’s closer to your heart than you. But each year 1.5 million Americans suffer a hear attack or stroke. More than 800,000 of them die. Now the Department of Health and Human Services … Continue reading →
Insurance Coverage of OTC COVID Tests
On Jan. 10, 2022, the Depts. of Labor (DOL), Health and Human Services (HHS), and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests. Legal … Continue reading →
OOPS! Missed the December 15 Deadline?
OOPS! Missed the December 15 Deadline? Open Enrollment for Affordable Care Act (ACA, Obamacare, Exchange) health insurance started November 1st. It ended December 15th. Anyone under 65 could get health care insurance for themselves and their families starting January 1st, … Continue reading →
Is Medicare Advantage Really an Advantage?
Is Medicare Advantage Really an Advantage? We answer this question a lot between October 15 and December 7. That’s Open Enrollment for Medicare and the time to switch Advantage plans or from Advantage to a Medicare Supplement plan. What is … Continue reading →
HSA: HEALTH INSURANCE THAT COSTS LESS AND PUTS MONEY IN THE BANK
What is an HSA? A Health Savings Account is a tax-free bank or savings account combined with a high-deductible health plan. For example, Bronze PPO plans can be HSA plans. It’s a federal program that allows you to deduct your … Continue reading →
HOW TO GET READY FOR OPEN ENROLLMENT
All Obamacare (aka Affordable Care Act, Exchange, Marketplace) health care insurance must be renewed for 2024. If you want to buy new private health care insurance, want to change your plan, want to move from COBRA, this is the time … Continue reading →