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Grace Making the Choice of Individual Health Plans Easier


Shopping for affordable health insurance can be an intimidating process for the average consumer. There are many different types of individual health plans available today, and each comes with its own unique features and coverage. The details of the individual health insurance policies might be littered with technical jargon and fine print that makes it hard for the average person to understand exactly what he is getting – or not getting – with his insurance coverage.

Comparing Apples to Apples

A working group in California hopes to change the confusion with a standardized chart that will make it easier for consumers to ...

Grace Important Facts about Your Individual Health Plan


Individual health plans are supposed to protect you from a financial hardship in the event of a medical emergency, in addition to ensuring you get the best preventative care possible to remain health. However, not all affordable health insurance is designed to perform each of these functions as adeptly as the competition.

To ensure you are getting the best value from your individual health plan, we have five questions to ask your insurance company.

How Much Money Goes to Medical Services?

Under the Affordable Care Act, Individual Health Plans will now be required to put a minimum of 80-85% of ...

Grace Is COBRA Right for You?


Losing affordable health insurance is a frightening prospect for many who have been laid off during the recent economic slowdown. Many turn to COBRA as a means of retaining this protection against a medical crisis – even when it costs a large amount of premium money to do so.

Is COBRA your best bet for Affordable Health Insurance in the event of unemployment? Consider these facts to answer the pressing question.

What is COBRA?

COBRA stands for Consolidated Omnibus Budget Reconciliation Act – a federal law that requires employers to continue an employee's affordable health insurance, even if he is no ...

Grace Rewards for Better Individual Health Plans for Children Coming

Providing children with affordable health insurance is a top priority for the Obama administration. In 2009, President Obama reauthorized the Children's Health Insurance Program, which was designed to enroll more children in Affordable Health Plans like those through the Medicaid program. It is suspected that two out of every three children without individual medical insurance – or 4.7 million kids across the country – would be eligible for government-subsidized health plans if they simply enrolled in the program.

This week, the administration plans to announce that it will provide additional funding in the form of $206 million in bonus Medicaid ...

Grace Are More Prescriptions for Over the Counter Drugs Coming?


While prescription drugs have always been a part of most individual health plans, over the counter medications were rarely included. To help make up the cost of these drugs, flexible spending account holders could use their tax-free savings to stock their medicine cabinets at home. Under the Affordable Care Act, that is about to change, leaving many wondering how the new law will affect our drug industry overall.

What the Provision Says

According to the health reform law, people with flexible spending accounts or health savings accounts will not longer be able to use the money in those accounts to ...

Grace Wisconsin Making Health Savings Accounts More Attractive

Health savings accounts have come to the forefront of health care reform, allowing individual health plan members more choice in saving for medical expenses than ever before. One of the most attractive features of health savings accounts is that the contributions that go into them are tax deductible. This makes for more affordable health plans with high deductibles that are typically covered by the health savings account balances.

However, the decision to make these accounts tax deductible is left up to the states, leaving some Americans around the country without such an option in their Affordable Health Plan. The good ...

Grace What Pregnant Women Can Expect from the Affordable Care Act

When a woman gets pregnant, Affordable Medical Insurance , becomes a top priority for her health and the health of her unborn child. This is why there have historically been more options in individual health plans for pregnant women than many others in the general population.

Thanks to the Affordable Care Act, women who are expecting now have even more choices in affordable medical insurance than ever before. We will cover a number of those options in this article.

Finding Coverage

In the past, pregnancy was considered a pre-existing condition that may not receive coverage under some individual health plans. This ...

Grace Health Insurance Rate Hikes Facing Scrutiny Under New Rules

Health insurance rates have never been regulated by the federal government, but a new rule will allow state and federal government officials to keep a closer eye on rate hikes implemented by insurance companies.

The Affordable Care Act requires Individual Health Insurance companies raising health insurance rates by 10% or more to face closer scrutiny by the federal government. This announcement comes on the heels of an expensive year for health insurance rates, with large companies like Aetna and UnitedHealth Group increasing rates on some individual health plans by as much as 30%.

The most recent proposal regarding health insurance ...

Grace How Health Care Reform Offers Value in Individual Health Plans


Affordable health insurance is an important component for all Americans who want to remain healthy from both a physical and financial standpoint throughout life. Many of the provisions in the Affordable Care Act that went into effect this year effectively add value to many individual health plans today.

We'll list just a few of the ways consumers will be getting a bigger bang from their individual health insurance buck, thanks to the provisions included in the current health care reform package.

Better Pricing and Benefit Information

Individual health plans will now be required to provide details of their coverage ...

Grace More Transparency in Individual Health Insurance, Thanks to the Affordable Care Act


One of the primary goals for the Affordable Care Act was to hold individual health insurance companies accountable for their actions by encouraging more transparency in the marketplace.

The Department of Health and Human Services is moving forward to that end, by publishing proposed consumer disclosure notices that individual medical insurance companies will have to complete if they raise rates beyond a certain threshold in a given year.

Currently, that threshold is 10 percent, but state-specific thresholds will be set after the first year, using data and trends for that precise state. This rule will allow those with affordable health ...