February 1st, 2012
You might have already heard about Health Savings Accounts. A Health Savings Account (HSA) is pretty popular in the health insurance market today. It helps people to save with low premiums, tax-free earnings and reduced taxes. To reduce your 2011 taxes, your HSA California health insurance plan must be in effect by December 1 to be able to deposit the allowed maximum contribution for the current year. To do that, you only need one of the high-deductible CA health insurance plans that are
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January 29th, 2012
California health insurance companies place limits on the amount of money they will pay out. These limits can be changed to fit your needs. If you don’t ask about these limits, you might end up paying for more for healthcare.
One of the most common limits placed by CA health insurance companies is the annual limit. This limits the amount of money that your California health insurance plan will pay out in a given year. Then there is the daily limit which is the most your policy will pay
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January 25th, 2012
Are you still putting off getting California health insurance? Think you are too young to need it? Did you know that while you are still healthy this is the perfect time to get a California health insurance plan if you want to get low premiums?
Procrastinating on finding California health insurance may mean more out-of-pocket expenses or worse, bigger health problems. If you have a pre-existing condition, you know how hard getting decent coverage at a reasonable rate can be. Health insurance
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January 21st, 2012
Recent statistics have shown that diabetes is indeed on the rise. This can have severe consequences for the health of the public as well as severe financial ramifications for everyone. The total cost of diabetes on a yearly basis is estimated at about 200 billion dollars. This includes medical expenses, disability and lost work. The annual cost of health care for someone suffering from diabetes is 2.3 times that of the average American.
The first thing to worry about is your own health and that
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January 17th, 2012
Every year, we need to cut some corners just to accommodate the increasing cost of health care. But, let me tell you, you don’t have to put up with that. If you are self-employed, you can reduce the high cost of California health insurance and your out-of-pocket medical expenses.
Have you heard of Section 105 HRA plan? If not, then you might be potentially missing out on huge savings. An HRA or Health Reimbursement Arrangement is a type of plan that allows your business to reimburse the
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January 2nd, 2012
Obesity is a growing health problem that occurs even in children. In California, an alarming 38 percent of children are obese. A study was recently conducted by the UCLA Center for Health Policy Research and the California Center for Public Health Advocacy. It showed from 2005 to 2010, the obesity rates for children in California went down by one point one percent. Although numbers are still high, this one percent drop can mean that there is still hope for kids facing obesity.
You may have
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December 29th, 2011
Most young adults nowadays feel that they are invincible and that they won’t get a broken bone or other injury when they try a daredevil stunt. Almost 30 percent of young adults in the state do not have California health insurance to help if they do get hurt, though.
To address this, our new health care reform law (The Patient Protection and Affordable Care Act) has a provision that allows parents to keep their children on their California health insurance plan until the children turn 26.
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December 25th, 2011
While there may be hundreds of individual policies, most California health insurance plans can be placed in one of four categories: “Co-pay plans,” “HSA-compatible high-deductible health plans,” “Catastrophic plans” or “Low-cost limited benefits plans.” In general, the amount of health care you routinely require will determine which type of plan will offer you the lowest rates.
Typically, health insurance in California offers lower premiums on plans with high deductibles than on
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December 21st, 2011
Last October, some of the major insurance companies in California proposed and filed for health insurance premium rate hikes. According to these companies, the price increase was due to the fact that the cost of medical care and services are also on the rise.
For individuals and families who are still planning to get their health insurance in California, now may be a good time. Blue Shield of California announced that they are postponing their proposed increase until the end of the year.
Usually,
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December 17th, 2011
Did you know that Blue Shield of California is planning to pay nearly 2 million policyholders a slice of a $283 million pie? That’s a nice switch from all the bad news about rate hikes on health insurance for California this year.
The insurer did not spend as much as projected on policyholders’ claims, so it owes them a refund. Health care reform requires insurance companies to spend at least 80 cents of every dollar they collect in premiums on medical care for members. That’s one way to
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