Category: Health Insurance
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How can I save real money on health care?
If you run a business, are self-employed or otherwise pay the full cost of your own health care expenses then you know that the price is too high. We are quickly approaching the point where one out of every five dollars of income will be spent on health care. This week the federal government took…
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The coming revolution in small business health plans
The most dramatic change in small business health plans is expected be introduced by the Trump administration later this week. By relying on executive branch power rather than congressional lawmaking, the administration can effectively revolutionize small business health plans. How is this possible? Isn’t health insurance controlled by state law? Yes but the biggest deterrent…
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All Tweets are not created equal
My top tweet @tonynovak this month got 60% of all impressions. the #2 had 15%, the next four most popular got about 5% each, leaving only 5% total for the many other tweets. I see that cross-posting a popular tweet into other conversations boosts it further. The hot topic: health care reform of course. My…
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Shocking Legislative Scam Proposed by Senators; Endorsed by President
Is is shocking and horrifying to read that 48 United States Republican Senators and the president of the United States have pledged their vote to a secret proposed legislative scam known as the ‘Graham-Cassidy bill’ that: They have not seen or read Is not available in written form for public review Can only be passed…
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Taxation of health insurance
This article was originally published in 2003 and has been revised multiple times; most recently to reflect changes triggered by the American Cures Act of 2016. At the time of this latest revision, it appears possible that we may see still more last-minute tweaks in health insurance tax law for 2018. Until recently, the tax-favored…
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Health insurance remains deductible
Human Resource Executive Online published an article celebrating the success of the business lobby in overcoming a legislative proposal passed by the US House of Representatives that wold have limited the tax deductibility of employer provided health insurance. Business groups were so loud in their opposition that Senate legislative proposals did not even attempt to…
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Summary: where do we stand with 2018 health plans?
UPDATE 8/17/2017: Yesterday the Trump administration announced that it would not follow through with the president’s political threat to cancel insurance company subsidy payments. That appears to add stability to the markets and allows small businesses and self-employed individuals to be more confident in health care planning for 2018. With all the recent political posturing, it…
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A short term fix for Obamacare
Today’s Wall Street Journal carried an editorial on a simple solution to ease the paid of high health care expenses for some people: ease the restrictions on non-qualifying health insurance like the type sold at Freedom Benefits. Popular plans like short-term medical insurance and limited benefit or mini-med insurance do not meet the requirements of…
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Expansion of mini-med insurance
For some years my business Freedom Benefits has predicted the expansion of a type of minimalist medical insurance that does not meet the federal standards established by the Affordable Care Act. Some call these plans “mini-med insurance”. For many years the most popular type was Core Health Insurance. It is still a popular and attractive…
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Aetna locked in legal battle over ACA pullout
An interesting lawsuit was filed in Pennsylvania last week against Aetna Inc., a Connecticut-based insurance company that has been one of the nation’s largest alternate insurance choices for decades. Aetna pulled out of the individual health insurance markets in 11 states claiming that this was a business decision to prevent the company from losing money.…