Archive for March, 2010

 

Are social security numbers for dependents required for health insurance coverage in Michigan?

The simplest answer to this question is NO.  According to Privacy Rights Clearinghouse you need to know the following: Insurance companies. MediCal and Medicare are government health plans and can require a Social Security number. Most insurers providing individual health insurance policies cannot require your Social Security

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Pre-Existing Conditions for Kids No Longer a Roadblock to Health Insurance

It would seem that the health insurance carriers have decided against fighting the part of the Health Care Reform legislation that keeps them from denying coverage to children with pre-existing conditions. As a health insurance broker, I can attest to just how frustrating it can

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Michigan Providers Brace for Health Care Changes

According to a recent article by the Detroit News, Michigan insurers and health providers are bracing for an onslaught of changes in the way they do business with the passage of federal health reform. Not only will the insurers and providers see an onslaught of

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HSA Prior-year and catch-up contributions

Did you know that you can contribute up to the maximum allowed for the 2009 tax year at any time up until the tax-filing deadline of April 15th 2010? You still have time to contribute up to the $3,000 for individuals or $5,950 for family

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Health Care Reform Breakdown

via: Associated Press Congressional Democrats have released a final version of President Barack Obama’s health care overhaul bill in advance of a House vote planned for Sunday. Some features of the legislation, which makes changes to the bill the Senate passed on Christmas Eve: COST:

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Flexible Spending Accounts FSA’s vs Health Savings Accounts HSA’s

During a recent evaluation, a client informed me he didn’t want to have a HSA or Health Savings Account.  I asked why. His response: After speaking with a few friends and an auto insurance agent, I was told that in a bad health year it

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2010 HSA Contribution Limits, Deductibles, and Out-of-Pocket Expenses

2010 offers individuals and families additional opportunities to save for current and future health care with a health savings account: HSA holders can choose to save up to $3,050 for an individual and $6,150 for a family (HSA holders 55 and older get to save

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