Ryan Kennelly

Is Child Care HSA Eligible?

Child care is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA) and limited care flexible spending account (LCFSA). However, child care is eligible for reimbursement with a dependent care flexible spending account (DCFSA). How does a dependent care flexible spending account (DCFSA) cover child care

Can I Drop my MAPD during AEP?

If you are enrolled in a Medicare Advantage Plan and would like to go back to original Medicare, you can do so during Annual Open Enrollment in addition to the regular Disenrollment period. Steps to Drop the MAPD and go back to Original Medicare: 1. Enroll in a Part D drug plan. 2. The enrollment

What are the 2023 Federal Poverty Levels?

The income amounts to get 2023 Obamacare subsidies are based on – but higher than – last year’s federal poverty level (FPL). These discounts on your monthly health insurance payment are also known as premium tax credits. What’s the Minimum Income for 2023 Obamacare Subsidies? To get Obamacare subsidies in 2023, your household must earn (in 2022) at least 100% of the

What are the 2021 ACA Rate Increases by Health Plan and State?

Enroll in a 2021 Health Insurance Plan Most premium changes on the ACA marketplaces are modest heading into 2021, even with the uncertainty surrounding the pandemic. Most individual market insurers that specify the impact of the pandemic on their 2021 premiums are loading an extra couple percentage points onto the premium (with the median COVID-19

Do I Have to Offer a Contribution as an Employer?

During the No Contribution/No Participation Option Period the answer is NO. From November 1st through December 15th, Small Groups purchasing ACA/Metallic plans may opt to waive participation and contribution requirements. The No Contribution/No Participation Option is available to new groups: ·   Applying for coverage during the annual Open Enrollment Period ·   Sold during the Open Enrollment Periods

How can I get Health Insurance if I lost my job?

Frequent Questions:  Lost coverage through your employer due to a layoff? Got terminated from your job? Changing jobs and you have a gap? COBRA is too expensive, so I need a more affordable health plan! We got answers, SOLUTIONS:  Due to the outbreak of the Corona many businesses in the USA were mandated to completely

Key Person or Key Employee Life Insurance

Overview Small business owners know how important their employees are to their success. Sometimes the contributions of a select few are especially significant. These are the people who are critical to the business and whose death or disability could threaten the business’ survival. Key person coverage commonly consists of life and/or disability insurance that the

Do Medicare supplements or Medicare Advantage plans cover Acute Inpatient Rehabilitation?

Generally speaking, Medicare and Medicare Advantage plans pay for inpatient rehabilitation if your doctor certifies it’s needed to help recover from an illness, injury, or surgical procedure. Treatment may be received in a dedicated rehab department inside a hospital, at a skilled nursing facility, or at a separate rehabilitation clinic or hospital. However, patients must

What Is TrioMED and What Does It Cover?

TrioMED from National General is a supplemental (usually low-cost) plan that can be added on to any primary insurance plan (including employer plans, individual health insurance plans, and short-term/catastrophic plans) that gives you a cash benefit to help pay unexpected expenses. TrioMed provides benefits that help cover out-of-pocket costs associated with the things in life

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