Author: Ben Vasquez

Flexible Spending Accounts (FSAs) are employer-sponsored accounts that allow employees to set aside pre-tax dollars to pay for qualified medical expenses, including health insurance premiums, deductibles, copayments, and certain over-the-counter medications. How Does FSA Work? When you enroll in an FSA, you elect to contribute a certain amount of money from your paycheck on a…

The Health Insurance Marketplace is a resource for individuals and families to compare and purchase health insurance plans. It was created as part of the Affordable Care Act (ACA), which was signed into law by President Barack Obama in 2010. The Marketplace is a one-stop shop where you can compare plans from different insurance companies…

High prescription costs are a significant burden for many Americans, especially those without insurance or who have limited insurance coverage. However, there are various ways to reduce prescription expenses, as highlighted in a recent post. Prescription Discount Apps Prescription discount apps like GoodRx and SingleCare offer substantial savings on medications. By inputting the dosage and…

With healthcare costs continuing to rise, it’s crucial for small business owners like your fiancé to have access to affordable health insurance. In this post, we’ll explore the various options available and provide guidance on finding the right coverage for his needs. ACA Marketplace and Subsidies The Affordable Care Act (ACA) established the Health Insurance…

We all want to live comfortably, but sometimes we can get too caught up in the pursuit of material possessions and forget about the importance of financial responsibility. This can lead us to make poor decisions that can have negative consequences down the road. One common example of this is buying a luxury car. Luxury…

ACA Income Eligibility and Affordable Health Insurance The Affordable Care Act (ACA) offers valuable health insurance options for individuals and families who may not qualify for Medicaid but need affordable coverage. One key aspect of the ACA is the income eligibility requirements for subsidies that help reduce monthly premium costs. ACA Income Limit (2023) –…

Are you someone who prefers to work seasonally and travel or engage in other activities during the rest of the year? If so, you might be wondering how to secure health insurance. After all, health insurance is essential for protecting yourself from unexpected medical expenses. Fortunately, there are a few options available to you. Medicaid…

If you wear prescription glasses, you’re not alone. In fact, according to the Vision Council, about 64% of Americans wear eyeglasses. With so many people wearing glasses, it’s important to know how to choose the right pair. The right pair of prescription glasses can make everyday activities, like reading, writing, and driving, much more enjoyable….

What Happens When You Lose Coverage Without Realizing It? Unexpected changes in your employment status can lead to disruptions in your health insurance coverage. The post above highlights a common scenario where an employee missed an enrollment period during a company transition, resulting in a lapse in coverage. Understanding Open Enrollment Periods Open enrollment periods…

Health insurance provides protection against high medical expenses that can result from unexpected illnesses or accidents. Understanding different types of health insurance, including ACA (Affordable Care Act) plans, can help you make informed decisions about coverage options that meet your specific needs and budget. Key Points – ACA health insurance plans offer quality, affordable options…

Introduction Many individuals and families face the daunting challenge of affording healthcare coverage. The Affordable Care Act (ACA) recognizes this struggle and has created several programs to make health insurance more accessible. One such program is income-based ACA plans, which provide subsidies to eligible individuals and families to lower their monthly premiums and out-of-pocket costs….

For those turning 26 and losing their parents’ health insurance, finding coverage can be a concern. However, losing previous coverage is a “Qualifying Life Event (QLE)” that enables enrollment outside the regular enrollment period. If you encounter a coverage gap, here are your options: Employer-Sponsored Health Insurance Contact your Human Resources (HR) department to enroll…

Introduction: As we approach open enrollment for health insurance, many people wonder about the various benefits and options available. One important aspect is the Flexible Spending Account (FSA), which allows you to save money for healthcare expenses. In this blog, we will delve into how FSAs work under the Affordable Care Act (ACA) and provide…

Introduction: Navigating health insurance can be daunting, especially if you’re facing life changes or financial challenges. Understanding the Affordable Care Act (ACA) can help you find affordable and comprehensive coverage to protect your health and well-being. In this blog, we will explore the key aspects of ACA health insurance and provide valuable insights to help…

In a recent post on Reddit, a user shared their decision to trade in their expensive new car for an older, affordable Toyota. This anecdote highlights the importance of financial prudence, especially in the realm of health insurance during these uncertain times. Here’s how you can navigate your ACA options and achieve financial stability. Choosing…

The Affordable Care Act (ACA) has transformed health insurance in the United States since its enactment in 2010. The ACA aimed to make health insurance more accessible and affordable for individuals and families, and it has introduced several key provisions to achieve this goal. One of the central changes brought about by the ACA is…

If you’re a business owner, you know that providing health insurance to your employees is a crucial part of running a successful business. But finding the right health insurance broker can be a daunting task. There are so many different brokers out there, and it can be hard to know who to trust. That’s where…

Introduction: In the realm of healthcare, unforeseen medical events can pose significant financial challenges, especially for individuals without health insurance. This blog delves into the specifics of enrolling in Marketplace health plans for individuals with preexisting conditions, exploring the options and timelines for coverage. Understanding the ACA and Preexisting Conditions The Affordable Care Act (ACA),…

Tooth loss can stem from various factors, including physical and mental health conditions, lifestyle choices, and socioeconomic disparities. Understanding the underlying causes and available affordable treatment options is crucial for maintaining oral health and preventing further complications. Causes of Tooth Loss – Gum Disease: A bacterial infection that damages the gums and supporting bone, leading…

The Affordable Care Act (ACA), also known as Obamacare, has been a topic of much debate since its inception. One of the most common arguments against the ACA is that it has made health insurance less affordable and more difficult to access. However, this is simply not true. In fact, the ACA has made health…

The Affordable Care Act (ACA), also known as Obamacare, has brought about significant changes to the health insurance landscape in the United States. Understanding these changes is crucial for individuals looking to secure comprehensive and affordable health insurance coverage. In this blog, we will delve into various aspects of health insurance under the ACA, providing…

Navigating the Affordable Care Act (ACA) can be complex, and one of the most crucial aspects is understanding the penalties for not having health insurance coverage. In this blog, we’ll delve into the ACA penalty, explore its implications, and provide insights into how you can avoid it. The ACA Penalty The ACA, also known as…

As healthcare costs continue to rise, many individuals are looking for ways to reduce their expenses without sacrificing their health coverage. The Affordable Care Act (ACA) provides several provisions that can help make health insurance more affordable, including subsidies for low- and middle-income households. Understanding ACA Health Insurance Subsidies ACA subsidies are available to individuals…

As a single mother with limited income, it’s understandable to feel confused about the high premiums associated with Obamacare health insurance. This blog aims to address your concerns and provide essential information on how to navigate the complexities of the Affordable Care Act (ACA), What is the Affordable Care Act (ACA)? Commonly known as “Obamacare,”…

Are you over 24 and still on your parents’ health insurance plan? If so, you should be aware of the potential tax implications. This blog will help you understand the rules around staying on your parents’ plan, and provide tips on how to avoid any unexpected tax bills. Can I Stay on My Parents’ Health…

In the midst of a career transition, the loss of employer-sponsored health insurance can be overwhelming. Faced with sky-high COBRA premiums, many individuals are left exploring alternative options. The Affordable Care Act (ACA) marketplace offers a potential solution: Short-term plans that bridge the gap in coverage. ACA Marketplace: Qualifying Events Losing health insurance due to…