Health insurance can feel expensive, but if you’re enrolled in an ACA (Affordable Care Act) plan through the Virginia Insurance Marketplace, you may qualify for a premium tax credit that helps lower your monthly costs.
Starting in 2025, Medicare Part D prescription drug plans will undergo some major changes, thanks to the Inflation Reduction Act (IRA) of 2022. These updates are designed to make medications more affordable and offer better financial protection for seniors and people with disabilities. Here is a quick overview of what is coming: 1. $2,000 Cap on Out-of-Pocket Costs Beginning in 2025, no one on Medicare Part D will have to pay more than $2,000 a year for their prescription drugs. This is a huge relief compared to the current system, …
Day-in and day-out we help people get health insurance through The Affordable Care Act (ACA), also known as “Obamacare”. Just like Medicare it is based on the law which makes it complicated. The bottom line is ACA helps people who otherwise might not be able to have insurance to be able to have access to affordable quality health insurance. Below is a Simple Guide to the Affordable Care Act and what the ACA did: Expanded Health Insurance Insurance Reforms Preventive Care• What it means: Certain preventive services, like vaccines and …
Chapter 1: The Job Struggle The joys of being a working-age adult in the United States – where healthcare is like a game of hide and seek, and if you are lucky, your job might come with some “good” benefits. But let’s face it, even with those benefits, using them feels like entering a financial labyrinth. Deductibles and coinsurance and so many other terms. Chapter 2: Decoding the Jargon Let’s break it down: premiums, deductibles, co-pays, coinsurance – it’s like learning a new language, but one you never signed up …
What an incredible journey it has been! This year marked the inauguration of Virginia’s State Based Health Insurance Exchange. Being a part of it felt like running a marathon – a marathon of success, challenges, and heartwarming moments that etched their place in the record books. Embarking on New Beginnings: Picture this – a new enrollment platform and a fresh start for Virginia’s health insurance landscape. As I navigated through these uncharted territories, it was exciting to be a pioneer of this new process for health insurance enrollment for fellow …