Health Insurance Michigan | individual and group insurance solutions

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

admin — Tue, 09 Mar 2010 16:19:49 +0000

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 an extra $1,000 which means $4,050 for an individual and $7,150 for a family) – and these contributions are 100% tax deductible from gross income.
Minimum annual deductibles are $1,200 for self-only coverage or $2,400 for family coverage.
Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $5,950 for self-only coverage and $11,900 for family coverage.

Single

Minimum Deductible: $1200

Maximum Out-Of-Pocket: $5950

Contribution Limit: $3050

55+ Contribution Limit: $1,000

Family

Minimum Deductible: $2400

Maximum Out-of-Pocket: $11,900

Contribution Limit: $6150

55+ Contribution: $1000

Vanillasoft

admin — Thu, 04 Feb 2010 14:46:31 +0000

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Overpayment of COBRA Premium

admin — Mon, 25 Jan 2010 20:51:48 +0000

COBRA Premium Subsidy Extended

On Dec. 19, 2009, Congress amended the American Recovery and Reinvestment Act of 2009 (ARRA), approving an extension of the eligibility period and duration of the COBRA premium subsidy for assistance eligible individuals (AEIs).

The amendment extended the COBRA premium subsidy eligibility period for two months — until Feb. 28, 2010 — and increased the maximum period for receiving the subsidy for an additional six months (from the old guideline of nine months to the new guideline of 15 months). In addition, individuals who had reached the end of their subsidy period now have the opportunity to obtain the subsidy for an additional six months.

New Notification Requirements

Notice to Individuals. Employers must provide notice of the extension to those individuals who, at any time on or after Oct. 31, 2009, but no later than Dec. 19, 2009:

were assistance eligible individuals, or
experienced a qualifying event related to a voluntary or involuntary termination of employment.

Employers must provide this written notice by Feb. 17, 2010.

Notice Upon Conclusion of Nine-Month COBRA Subsidy Period. Employers must also provide notice to assistance eligible individuals whose continuation coverage was discontinued after the expiration of their nine-month subsidy period (and prior to the new law taking effect on Dec. 19, 2009) due to a failure to pay the COBRA premium. This notice is required to advise them of their right to receive the subsidy for an additional six months if they pay the back premiums. If payment is made, their continuation coverage will be retroactively reinstated. To qualify for this reinstatement, the individual must pay the back premiums by Feb. 17, 2010, or within 30 days from the date the employer provides the updated COBRA premium subsidy notice, whichever is later. Employers must provide this notice within 60 days of the individual dropping coverage or first overpaying for such coverage.

Notice Upon Future Qualifying Events. The COBRA premium subsidy notices should be updated to incorporate these changes and should be distributed in the normal manner for all qualifying events that occur after Dec. 19, 2009.

Individuals who maintained their continuation coverage by paying the full COBRA premium after their subsidy expired are to be reimbursed for the amount of retroactive subsidy to which they are entitled under the new law. They employer may issue a refund directly to the individual or apply the overpayment against future premiums.

For more information, go to the U.S. Department of Labor’s Web page on COBRA Continuation Coverage Assistance Under ARRA.

admin — Sun, 24 Jan 2010 05:36:15 +0000

Michigan Health Insurance

Michigan Family Health Insurance
Michigan Student Health Insurance
Michigan Medicare
Michigan Short Term Health Insurance
Michigan Small Business Health Insurance
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Michigan Health Insurance

Attention Michigan Residents:
You don’t have to waste your time shopping around for low rate MI Health insurance - and you don’t have to sacrifice quality for price!

Whether you’re self-employed, a small business, family, student or an individual seeking Michigan health insurance, you’ve felt the pinch of rising health care costs. Rather than waste a lot of time searching the Web for the best prices and figuring out which Michigan health insurance plan is right for you (which can be difficult because the comparisons are structured so that you aren’t comparing apples to apples), get help from a knowledgeable source that will walk you through the process and stay within your budget

MI Health Insurance

Michigan Family Health Insurance
Michigan Student Health Insurance
Michigan Medicare
Michigan Short Term Health Insurance
Michigan Small Business Health Insurance
Michigan Medical Insurance
Michigan Health Insurance

The Highest Quality MI Health Insurance Coverage at the Best Value
At MI Health Insurance we understand the importance of having quality insurance. We also believe that you shouldn’t have to pay exorbitant fees to get it. We’ve established relationships with multiple carriers to lower the price without compromising quality.

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We offer personalized service - so you can talk to a real person about your health insurance needs and have plan benefits and terms fully explained to you - that quickly finds you the best health insurance plan for you at the lowest possible price. Simply fill out our form and we’ll get back to you with a quote within 24 hours.

The Service You Need and the Prices You’ll Like
Unlike other MI Health insurance providers that you’ll find out there, The Focus Group goes beyond basic price quotes, confusing health insurance coverage descriptions, and pages of fine print.
There are caring people behind mymichiganhealth.com that go above and beyond to give you the information, support, and assistance you need to buy the right Michigan Student health insurance plan for your needs. We work with multiple carriers, so we have the relationships and resources to creatively package multiple plans and build a MI health insurance plan that suits you and your lifestyle. One in four Americans delays or forgoes needed care because they simply can’t afford it - don’t be one of them. Contact The Focus Group today to see just how affordable quality health insurance can be.

Ongoing Support Ensures You Have the Protection You Need

After we help you find the right plan at the right price, The Focus Group offers ongoing support. We’re only a phone call away in case you have questions, need help, or your healthcare insurance needs change.

Thank You

admin — Tue, 19 Jan 2010 23:04:44 +0000

A broker from The Focus Group will contact your shortly to complete your enrollment.

Financing Lap Band Surgery

admin — Wed, 21 Oct 2009 02:46:09 +0000

If your insurance company is giving you the run around regarding your Lap Band Surgery. You may still finance the surgery yourself. A good start is to contact Capital One Healthcare Finance. Visit their website to learn more about Lap Band financing. You can also call toll free 1-877-559-5050

For reference see the average cost below:

The Cost of Lap Band and Gastric Bypass Surgery

Lap-Band - $13,600.00
Gastric Bypass - $25,000.00
Sleeve Gastrectomy - $16,200.00

About UniCare

admin — Wed, 21 Oct 2009 02:11:38 +0000

UniCare is a national organization dedicated to the delivery of quality health care plans and products working together with its customers, consultants, brokers, providers and employers. Providing managed care and specialty health care services throughout the United States, UniCare Life & Health Insurance Company is a subsidiary of WellPoint.

WellPoint, Inc. (NYSE:WLP www.wellpoint.com) is the largest health benefits company in terms of medical membership in the United States.

UniCare offers a comprehensive array of health care plans and specialty products that preserve member choice at competitive prices.

Click below to get a UniCare Quote Online Now

Online UniCare Quote

BCBS of Michigan Online Application

admin — Mon, 19 Oct 2009 20:10:17 +0000

Section 125 Pre-Tax Plans

admin — Tue, 13 Oct 2009 01:33:55 +0000

Section 125 Plans, also known as Cafeteria Plans, came about through Congress in 1978 and are named after their Internal Revenue Code. Such plans provide an employee benefit plan under which the employee makes an irrevocable decision to forego a portion of future income in exchange for receiving future benefits not subject to income tax at reception date. Essentially, Section 125 plans are created using pre-tax dollars, enabling the employee’s dollars to stretch farther. The employer deducts the cost of the employee’s future benefits from present income as a business expense.

These Plans Usually Provide Three Options:

Premium Conversion – employee contributes a proportionate share of the family health care costs with pre-tax dollars.
Medical Reimbursement Account – employee is able to use a Salary Reduction Plan to pay with dollars on a pre-tax basis for medical expenses not covered by insurance; a separate medical reimbursement account is established for each employee.
Dependent Care Reimbursement Account – employee is able to use a salary reduction plan to pay with dollars on a pre-tax basis for dependent care expenses.

Section 125 pre-tax plans offer an opportunity for employers to save on their health insurance costs. However, implementing and administering the plan can be challenging:

According to the IRS, 93% of all existing plans are out of compliance.
Fines can include disqualification of all tax savings to employer (approx. 7.65%) and employee (approx. 23%) going back 5 years.

Do I have to satisfy my deductible to use Office Visit Copays?

admin — Fri, 09 Oct 2009 11:54:29 +0000

An office visit copay is the flat dollar amount that you would pay for a routine visit to either a primary care physician or a specialist, with coverage kicking in at 100% after the copay. Most traditional, employer sponsored plans offer an office visit copay. However, individual and family plans may or may not include office visits copays as part of the coverage.

SOME of the plans listed in your instant quote will not offer copays for routine office visits. If you see “$0″ or “N/A” in the Copay column on your instant quote, then those plans will not have an office visit copay. On plans with no office visit copay, routine office visits will typically apply to your deductible, and you will be responsible to pay the network-discounted rate for office visits until your deductible is met. On some of the catastophic plan designs with no copays, routine office visits may not even be covered at all!

Carriers that do not offer office visit copays on their basic plan design will usually give you the option to add office visit copays for an additional premium. Please remember that when you pay a copay on a PPO plan, your deductible IS NOT reduced by the amount of that copay. Copay expenses, whether for office visits or prescriptions, are unlimited and never included in your PPO plan’s maximum out-of-pocket limit.