Introduction Are you tired of paying high premiums and medical bills while not fully understanding your insurance policy? Well, I'm here to tell you about some options that could save money on your medical expenses and premium while also getting tax benefits. Keep reading to learn more! What
Read Morehttps://youtu.be/1TJUu7Gyk_U The Medicaid Unwinding Explained! What is the Medicaid Unwinding? At the start of the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA). This ensured that people would have access to continuous health coverage through Med
Read MoreDrug Coverage: What is Medicare Part D? Medicare drug coverage helps pay for prescription drugs. If you don’t currently require any prescriptions, there are still reasons to consider getting Medicare drug coverage. Medicare drug coverage (Part D) is optional and is offered t
Read MoreHow Much Does Health Insurance Cost? How much does individual health insurance cost? The answer to that is dependent on many factors. One way to get a benchmark idea of how much you'll pay for health insurance is by looking at the federal poverty level.If you are paying for health insurance as a
Read MoreWhat is Medicaid in Utah? Medicaid is a program that is funded by both the state and the federal government. The Utah Department of Health administers Medicaid but the Department of Workforce Services (DWS) determines someone’s qualification. Medicaid helps people with low income receive healt
Read MoreWhat options are available to immigrants? Many people who are not born in the United States often wonder if they can get health insurance and if they do, could they also qualify for government assistance? In this article, you will learn what kind of status qualifies for health insurance through
Read MoreDue to the impact of Covid-19, President Biden passed the American Rescue Plan Act (ARPA) on March 11, 2021. One of the proponents of ARPA was to lower monthly health insurance premiums. This was done by increasing the eligibility for health insurance subsidies. Before ARPA was passed, fewer peo
Read MoreWhat types of health insurance policies will cover preexisting conditions? In this article, we are going to walk you through what you need to know if you or anyone you know needs coverage due to a pre-existing condition. We will inform you of which insurance plans cover and which ones do not cover
Read MoreIn 2010, the Health Insurance Marketplace was created by the Affordable Care Act (ACA) also known as Obamacare. Any United States citizen is eligible to apply for health insurance through the Marketplace, and many people will qualify for lowered monthly payments through an advance tax credit. If yo
Read MoreMedicare Part D Notices Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsor
Read MoreWhat is Medicare Part C? Medicare Part C, also known as Medicare Advantage, is a collection of health plan options with approved Medicare benefits offered by private companies. Medicare Part C is available in many areas of the country. The premium for Medicare Part C is not based on hea
Read MoreWhat is Medicare Part A? Medicare Part A is hospital insurance for in-patient services. Three groups of people are eligible for Medicare Part A: people 65 years and olderpeople under 65 years with certain disabilitiesand people of any age with End-Stage Renal Disease.
Read MoreComparing Medicare Plans Comparing Medicare plans can be confusing. If you’re looking at Medicare options without the help of an agent, keep the following things in mind when comparing your options. Talk to one of our advisors if you have any questions. Coverage vs. Budget When you are d
Read MoreMany new Medicare enrollees have questions about Part B. We've addressed the most commonly asked questions about Part B. What is Medicare Part B and what does it cover? Medicare Part B is the portion of Medicare that covers doctor visits and outpatient care. This includes outpatient medical
Read MoreEstimated reading time: 3 minutes Choosing the Right Plan When enrolling in Medicare, you have choices to enhance your plan. You can keep original Medicare, add a Medicare Supplement, or enroll in a Medicare Advantage plan. Original Medicare has no max out of pocket limits. So if you have a $100
Read MoreEstimated reading time: 3 minutes How to Enroll in Medicare Many people wonder how to enroll in Medicare. Enrolling in Medicare is simple - your cards will be automatically mailed out to you three months before you turn 65, or in the 25th month you receive disability benefits. If you are not
Read MoreMedicare is the United States' health insurance program for people age 65 and older, have disabilities, or have permanent renal failure. Here is a brief breakdown of the different parts of Medicare and what they cover. Give us a call or schedule a time to talk to one of our advisors if you are fee
Read MoreMedicare Part D Notices Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsor
Read MoreWith open enrollment season approaching, now’s the time for HR professionals to kick off their planning. Due to the pandemic—and employees’ desire for flexibility—many employers now find themselves with a workforce on a hybrid schedule. It’s imperative they make appropriate adjustments to
Read MoreTo prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan 1, 2022. Employers should review their plan documents to confirm that they include these required changes.
Read MoreOn July 26, 2021, the IRS issued Notice 2021-46, providing additional guidance on the application of the American Rescue Plan Act (ARPA) subsidy for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) in the form of 11 questions and answers. You can
Read MoreStay safe in the sun! This excerpt is an example of the monthly newsletters we send out to all our companies, so they can provide additional value to their employees. We go above and beyond for the companies that we work with. If you have any questions about your employee benefits, visit our page H
Read MoreEven before the COVID-19 pandemic, many working parents struggled to balance work and home life. As employees look ahead to life after the pandemic, the challenges of pulling double duty will likely remain. It will be vital for your company to discuss how to support working parents. 60% of work
Read MoreThe Complete Guide to Employee Benefits Introduction In this guide, you’ll learn key strategies for structuring your employee health benefits, important cost containment strategies your company can implement to reduce your claims and renewal rates, the most desired employee benefits, and the avera
Read MoreEstimated reading time: 4 minutes Cost Containment Solutions Rate increases are driven by demographics, medical inflation, but mostly from claims. We have multiple avenues for containing your claims costs. We have strategies you can use to contain costs, but to a degree, rising healthcare co
Read MoreEstimated reading time: 4 minutes Most Desirable Employee Benefits Creating a complete package of benefits includes far more than just health insurance. The benefits you offer your employees play a large role in creating a culture that first-class employees flock to. At Compass Insurance Adv
Read MoreEstimated reading time: 4 minutes Having a baby changes everything. If you’re thinking about starting a family soon, there’s lots to consider. Even if you aren’t a parent yet, life insurance shouldn’t be on the backburner. With a growing family, it’s important to understand the ins an
Read MoreEstimated reading time: 2 minutes Is your employer provided life insurance coverage enough? Many companies offer life insurance as an employee benefit, but these policies may only provide a fraction of the coverage you actually need. Spoiler: It’s probably not enough Empl
Read MoreEstimated reading time: 3 minutes Own a home? You might need life insurance. Owning a home can be one of the largest financial obligations you may have in life. If something unexpected happened to you, your mortgage could quickly become unaffordable for your partner, or any co-signers. That’
Read MoreCritical illness coverage is a supplemental insurance policy that pays a lump sum check for a diagnosis of a critical illness. This is a great option to add to your health insurance, whether you’re covered in the private market, through an employer health insurance plan, or even Medicare. The
Read MoreEstimated reading time: 3 minutes Why Supplemental Coverage Medical bills are the #1 reason for bankruptcies in America. Even people WITH health insurance coverage may have trouble paying their medical bills, but supplemental insurance can help. Many people have to claim bankruptcy due to a
Read MoreEstimated reading time: 6 minutes The following article was originally published on Investopedia, and it reviews the most common causes of bankruptcy. Medical expenses is the top reason for bankruptcy in America. In the event of a large medical claim due to a hospitalization or accident there ar
Read MoreEstimated reading time: 4 minutes This article was originally published on SmartAboutMoney. Contact one of our advisors for more information about disability insurance. Why You Need Disability Insurance Disability insurance provides a source of income to people who are unable to work due
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