Archive for August, 2010
Deducting Self-Employed Health Insurance Premiums
If you have self-employment income, then you can take a deduction for health insurance expenses.
Before claiming this tax deduction, you must calculate your allowable health insurance deduction. Take your self-employment income, and subtract the 50% deduction for self-employment taxes, and subtract any retirement contributions you make to SEP-IRA, SIMPLE-IRA, or Keogh plan. The remainder is […]
Medical Mutual of Ohio: High Risk Pool
As of August 1st, 2010, Medical Mutual of Ohio has been accepting applications for the Ohio High Risk Pool. The High Risk Pool is a result of the Patient Protection and Affordable Care Act (PPACA), or health care reform, which was approved by President Obama on March 23, 2010. The purpose of the […]
Health Care Reform Update: Removing lifetime & dollar limits for essential health benefits
As a result of the Patient Protection and Affordable Care Act (PPACA), or Health Care Reform Bill, health insurance carriers must remove lifetime limits and annual dollar limits on covered services that are determined to be “essential health benefits”. These essential health benefits are determined by the US Department of Health and Human Services (HHS). […]
Understanding Health Reimbursement Accounts and Health Reimbursement Arrangements (HRA)
In the world of consumer directed healthcare, first there was the MSA, then the HRA and finally the HSA (Health Savings Accounts). Today the HSA is king of the mountain, but for savvy employers across the country, the HRA is a tool that helps them manage their health care costs.
The Health Reimbursement Account (HRA) has […]
What is a pre-existing condition clause?
Many individuals do not even look at options outside of the plans offered by thier employers. Many times the reason for this is that they believe that any conditions that they currently have would not be covered by a new plan, but this is incorrect.
The pre-existing condition clause is actually defined as:
The overriding federal law […]
Joe Woods Asthma Related Death and the Family Health Insurance Planning– Cincinnati, Ohio
As you may have heard, Jovante Woods, son of former Bengals star Ickey Woods died Saturday night. He was removed from life support three days after suffering a devastating asthma attack. The school says asthma attacks are something Joe Woods struggled with throughout his life.
What a tragedy this truly is and my prayers are […]
Ohio Employers Paying for Employees Individual and Family Health Insurance Policies
Many employers in Ohio do not realize that they have the option to get individual health insurance and replace there expensive small group health policies. Whether your company is in Cincinnati, Columbus, Dayton or Cleveland this information will apply. Let’s look at the implications and understand why whether individual or a small group plan is your […]
Advantages of a Health Savings Account (HSA) Eligible Health Insurance Plan
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Rules issued for High Risk Health Insurance Pools
On July 30, the Department of Health and Human Services released an interim final rule on the Pre-existing Condition Insurance Plan Program. This program is being established as a result of the health reform law, which requires the HHS secretary to create a temporary high risk health insurance pool program - either directly or through […]
Affordable Anthem Health Insurance Quotes for Self Employed in Ohio
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