The following are topics that come up from day to day, and we are sharing them here for everyone's knowledge.
You can also find information on the Health Ins Solutions Facebook page.
Telemarketers of health insurance
I've had several people to contact me and ask my opinion (usually after they've had a bad experience) about an insurance plan that they bought from a telemarketer. These telemarketers tell people that they can save money; that they have other choices than Obamacare; and that their plans will cover their medical expenses and prescriptions. Please, always ask if these plans are ACA-approved. Chances are they are not which makes them not true health insurance. They are more than likely discount plans or indemnity plans. There's a big difference. Don't fall for it. If it's too good to be true, it's probably not.
Employer insurance vs subsidies
Please be aware that if you are offered group health insurance by an employer, you do not qualify for assistance (or a subsidy) from the government. There is a question on the healthcare.gov application that asks if you are offered health insurance by an employer. It is considered insurance fraud if you answer “no” just to get government assistance. I know it is frustrating, especially when your employer’s health insurance is expensive, but it is the law.
I can't express how important it is to keep your address updated with your insurance company. If you have Medicaid services, they will cut you off if you do not respond to their requests and/or they cannot get ahold of you by mail.
Limited Duration Plans
This year’s open enrollment for health insurance ended on December 15, 2018. If you planned to make a change or sign up for something different but did not get to, I may be able to help.
The Healthcare Reform Laws continue to change each year. As of 2019, the Individual Mandate is no longer enforced. This means you will no longer be fined on your taxes if you do not have an ACA approved health plan. This, along with other changes, has allowed insurance companies to offer other plan options.
Beginning March 1, 2019, Arkansas Blue Cross Blue Shield will be offering what we refer to as “Limited Duration Plans”. These plans will have medical underwriting to pass and do not cover pre-existing conditions for the first 12 months. However, they are about 1/3 of the cost of an ACA-approved plan.
Please contact me to discuss your options. Feel free to pass my information on to anyone you know needing help.
File Form 1095 with your taxes
Form 1095-A, Health Insurance Marketplace Statement, is for those who had insurance purchased through the Marketplace, whether it is subsidized or not. The Marketplace will mail these.
Form 1095-B, Health Coverage, is for those who had Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), or another source such as small employer (<50 employees) health insurance. It is mailed from the source of your insurance.
Form 1095-C, Employer-Provided Health Insurance Offer and Coverage, is for those who had health insurance through a large employer (>50 employees). The employer will send you your form.
These forms do not come from the IRS. Watch your mailbox for them. You may be able to log on to your designated account and print them.