The IRS Deductions Blog

Posts Tagged ‘healthcare’

Items on Amazon Right Now for Hsa Deductible 2009:

How to Sell HSAs

Items on Amazon Right Now for Deductible And Health Insurance:

Question: Maximum HSA contribution for 8 months of coverage in 2010 ?

I paid monthly premiums on a high deductible HSA insurance plan until August of this year. Normally my maximum contribution would be $6150 for the entire year. Should I simply prorate the maximum amount I can contribute for 2010 based on 8 months of coverage ?

Answer: HSA contribution limits aren’t subject to pro-rating. Even if you establish an HSA for a partial year, you can still make up to the maximum contribution for the tax year. The 2010 annual contribution limits are $6,150 for family coverage. A catch-up contribution is available for taxpayers 55 and older of $1,000.

Items on Amazon Right Now for Hsa Deductible 2010:

Your Health Insurance Deductible – a High Deductible Health

Question: Debating on 2 different health insurance–HELPPPPP!!!?

I’m working 2 jobs, a ft & a pt. I need help deciding which health insurance to pick. One thing to keep in mind– I am currently pregnant (11 weeks), so need the BEST coverage recommendation.

*first health benefit-full time job: (single only)
-$28.16 weekly cost
-Deductible=$1300
-70% after deductible
-$30 copay then 100%
-$1,000,000 life time maximum benefit– (i have no clue what that is)
*in this plan, there is a choice of ppo & non ppo.. what is the difference??

*second health benefit part time- (single)
+option 1
-$50 weekly cost
-Deductible = $250
-90% to $10,000 coinsurance
-$30 copay then 100%
-2,000,000 life time maximum

+option 2
-$43.00 weekly cost
-500 Deductible
-90% to $10,000 coinsurance
-30 copay then 100%
-same 2,000,000 life time maximum.

+option 3
-35.00 weekly cost
-1000 deductible
-80% to $10,000 coinsurance
-30 copay then 100%

I don’t know which insurance option i should go with.. i don’t want to be cheap..

Answer: You should probably choose this one:
*second health benefit part time- (single)
+option 1
-$50 weekly cost
-Deductible = $250
-90% to $10,000 coinsurance
-$30 copay then 100%
-2,000,000 life time maximum

*It has the best benefits, but costs a bit more per month.

Items on Amazon Right Now for Copay Deductible Coinsurance:

Copays, Co-Insurance and Deductibles

Question: Is this insurance fraud?

I was involved in a hit and run last week. The driver hit me and reversed and went right around me. I called the police and they told me they couldnt do anything bc no one stopped to be a witness and i had no description of the car other than it being a small black car. My bumper, headlight, and right fender is all messed up. Now, i had a previous claim with my insurance about another accident. The only damage i sustained was a very small crack on the bumper (same area as the the hit and run impact). The claim was never closed for whatever reason, even after i told the examiner i didn want to pay my deductible and it wasnt worth repairing a small crack (I eventually fixed the crack myself). Now my insurance (Geico) thinks im committing insurance fraud bc i never got the small crack fixed through them and now i want them to fix the hit and run damage. I mean the hit and run damage is over 1000 dollars to fix now.

Answer: You walk right down to the police station, and file a hit and run report in person. The cop you talked to was being lazy, and just didn’t want to file the report. You NEED to file that report. It completely legitimizes your claim.

The way you describe it, Geico isn’t “on the hook” for the old damage, only the new damage. It doesn’t matter that YOU “fixed” it yourself. You can’t superglue or bondo a bumper. If the estimate for the new damage is “replace the bumper”, and the estimate for the old damage was “replace the bumper”, you actually HAVE no new damage, you still have to replace the bumper. After you show geico a receipt for the new bumper, any MORE bumper damage will then start being covered again.

Not fraud. Just common sense.

Items on Amazon Right Now for Insurance Fraud Deductible:

Contractors Waiving Deductibles is Illegal for Them and You