The IRS Deductions Blog

Posts Tagged ‘reform’

Question: Do you think we should nationalize healthcare?pro’s and Cons?

pros:
-cheaper healthcare
cons:
-less coverage than your original health care
-a deductible of 20% when your original cheaper AARP deductible, is about 60%
-You do not have the privelage of choosing your own doctor
-once the healthcare reform is passed they will raise the price of their health care to an all time high
-you sign on to the helathcare reform bill with a contract that raises annualy, but it just so happens they are in dire need of money and need to raise your bill
-you recieve less treatment than your original plan, and do not recieve the same coverage that your AARP plan covers

Enough of the pros and cons what are your thoughts on this, liberals and conservatives welcome : )

Answer: No !!!!!

http://www.economicpolicyjournal.com/2009/07/whats-in-healthacre-bill.html

Items on Amazon Right Now for High Deductible Health Care Reform:

MSNBC (11-26-10) – Why We Need Health Care Reform – Sky-High Deductibles Force Painful Choices

Question: Are you self employed? If so, who is your healthcare provider?

I am shopping for healthcare insurance, I looking into Catastrophic Health Insurance, with high deductible, what do you recommend? thanks….

Answer: blue cross blue shield

Items on Amazon Right Now for Healthcare Deductibles:

Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate PR Is Killing Health Care and Deceiving Americans $4.99 Wendell Potter is the insurance industry’s worst nightmare.In June 2009, Wendell Potter made national headlines with his scorching testimony before the Senate panel on health care reform. This former senior VP of CIGNA explained how health insurers make promises they have no intention of keeping, how they flout regulations designed to protect consumers, and how they skew political debate with mult…

STOP Buying Health Plans and START Buying Health Insurance!: An Easy-To-Understand Guide to the How and Why of Consumer Directed Healthcare (HSAs, HRAs and Deductible-First Medical Insurance) $9.68 We are all excellent consumers. We collectively have no problem clearly identifying what we want, how we want it and when the price is right. We make our educated presence known in almost every marketplace except one— healthcare. Managed care and its first dollar benefits have created a problem and the solution is consumer directed healthcare. We can fix our system of healthcare and your …

The Profit Trap: Secrets the Health Insurance Industry Doesn’t Want You to Know (First in a Series) Healthcare reform or not! If you buy, change, cancel or own health insurance of any kind (public, private or group) in your lifetime you better have this book first. America has been kept uneducated on purpose about how healthcare and health insurance really works for decades. Gain control over your quality, access and costs of your healthcare once and for all. Never be taken advantage of again by…

Report: Unemployment Adds 9 Million Uninsured in U.S.

WEDNESDAY, March 16 (HealthDay News) — The millions of Americans who lost their jobs and their health benefits during the recession often had no way to regain affordable health coverage, leaving them and their families at risk of financial ruin, according to a new report from The Commonwealth Fund.

Seven Biggest Mistakes People Make With Health Insurance – Part One Deductibles

Question: Health Insurance for my family while I am active duty?

My ship date is August 10th & I am really confused with how Tricare works. Could I get feedback on costs, type of plan(Prime/Standard), etc? I have a wife and son. My wife prefers not to see a health care provider on post. I’ve been searching for info but no sites out there seem to have the exact costs(deductibles, co-pay, premiums) I would really appreciate all the help.

Answer: When your wife and kids are enrolled in DEERS they will be automatically enrolled in Tricare Standard.

Standard has co-pays and deductibles, and is great for people who want the freedom to choose their own civilian doctor, but it does cost a bit more. Usually standard is the most useful is you have health insurance from another source. Unless you visit a tricare network provider, you’re usually responsible for filing claims. You get little priority at an on-base military treatment facility (MTF). The deductible is $100 for a family or $50 for an individual. Copay is usually 20% for a non-network doctor, or 15% if you use a network provider.

Tricare Prime is the one that most AD family members enroll in. You get first priority to on-base treatment, or you can choose a civilian tricare network primary care manager to handle your healthcare. They can refer you to another civilian doctor if you need specialty care. There is no annual deductible. There is usually no co-pay.

Get onto the tricare website and compare plans.

http://www.tricare.mil/mybenefit/ProfileFilter.do?puri=%2Fhome%2Foverview

Or, if you live near a base you can drive there and visit the Tricare Service Center (usually located at the hospital or clinic) and talk to someone directly. That’s what I did, and it was a LOT more helpful. Or there’s also a telephone number you can call. (what part of the country are you?)

I prefer prime. I’d recommend prime for your son as well. Look at standard for your wife and decide if the flexibility combats the out-of-pocket costs

Edit:

You’re responsible for enrolling them in DEERS first though (form 1172…I think you’ll do that at basic). Once you enroll them in DEERS, your wife will need to go and get her dependent ID card.

Once they’re in DEERS, whoever wants tricare prime will need to be enrolled in tricare prime. If she enrolls by the 20th of the month, coverage starts up the first of the coming month. After the 20th it takes another month. for example, enrolling by June 20 means coverage starts July 1, but enrolling on June 21 means coverage starts August 1.

There’s no enrollment for Tricare standard, it’s automatic through DEERS.

Items on Amazon Right Now for Deductibles And Premiums:

A voluntary deductible in social health insurance with risk equalization: community-rated or risk-rated premium rebate?.: An article from: Journal of Risk and Insurance $9.95 This digital document is an article from Journal of Risk and Insurance, published by Thomson Gale on September 1, 2006. The length of the article is 9463 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTi…

To amend part B of title XVIII of the Social Sec. Act to provide for a prescription drug benefit with a high deductible at no add. premium and access … certain low-income Medicare beneficiaries. $10.31 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its work, an enlightened democracy can grow and prosper. Ranging from historic Congressional Bills to the most recent Budget of the United States Government, the BiblioGov Project spans a wealth of gover…

B&M premiums, deductibles are on the rise. (boiler and machinery insurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management $5.95 This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on January 17, 1994. The length of the article is 648 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase….

10 ways to control health care costs in 2011

As a new session of U.S. Congress begins, health care is in the news again as Congress heavily debates health care legislation. Meanwhile, individuals and families are footing the bill for their own health care costs, which continue to climb higher each year.

Lowering Premiums by Paying for Routine Care (Step 3)

Question: How do I understand my “Explanation of Health Care Benifits”?

I just received my “Explanation of health care benifits” from Blue Cross and BlueShield of Minnesota.
Can anyone explain to me these following phrases and how do insurance calculate my responsibility of medical charges?

1)Allowed Amount
2)Deductible Amount
3)Coinsurance Amount

Tahnk you!!

Answer: 1: Allowed amount is the highest amount that BCBS has agreed to pay your provider (doctor). This is usually a pre-arranged contract. In other words, if your doctor usually charges $15 for something, BCBS has a deal with your doctor saying “Hey, we’ll make you one of our prefferred providers, but we’re only going to pay you $!0 for this procedure.” The patient is usually not responsible for the difference.
2: The deductible amout. This is the amount YOU have to pay out of pocket before BCBS will start paying a percentage of your bills. If you have a $500 bill and you have a $250 deductible, you have to pay that $250, and then your insurance will pay a percentage of the remaining $250
3: Your co-insuranace is your share of the bill once you’ve met your deductible. Let’s say BCBS pays 80% of your bill. If we take the above example, after you pay $250 deductible, you will owe 20% of the remaining $250, or $50.

If this was your bill, you’d owe $300

Items on Amazon Right Now for Health Care Deductibles:

Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate PR Is Killing Health Care and Deceiving Americans $4.99 Wendell Potter is the insurance industry’s worst nightmare.In June 2009, Wendell Potter made national headlines with his scorching testimony before the Senate panel on health care reform. This former senior VP of CIGNA explained how health insurers make promises they have no intention of keeping, how they flout regulations designed to protect consumers, and how they skew political debate with mult…

Cost-Sharing and the Demand for Ambulatory Mental Health Services (Rand Report) $15.00 …

Amounts paid for qualified long-term care services are deductible medical expenses.: An article from: The Tax Adviser $5.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on May 1, 1998. The length of the article is 687 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: IRC s…

US Health Care Falls Below International Standards

One-third of all Americans say they have gone without recommended treatment because of cost, and one-fifth reported having serious difficulty paying doctors bills, according to a new study published in the latest edition of the journal Health Affairs. The study, conducted by the New York-based Commonwealth Fund, polled residents from 11 of the world’s wealthiest nations–Australia, Canada …

“Gold Plated Health Care” Tax Glenn Beck’s Employees get screwed by the government

Question: Which 5 Freedoms would You Lose in Health Care Reform? Yahoo news.?

5 Freedoms You’d Lose in Health Care Reform

http://finance.yahoo.com/insurance/article/107408/5-freedoms-you-would-lose-in-health-care-reform.html?mod=insurance-health

1. Freedom to choose what’s in your plan
2. Freedom to be rewarded for healthy living, or pay your real costs
3. Freedom to choose high-deductible coverage
4. Freedom to keep your existing plan
5. Freedom to choose your doctors

Freedom must be preserved in Health Care.

Answer: I don’t know what coverage you have but I have never been given those freedoms in any of my plans anyway. Seriously, how many of you really get to pick what your plan covers, or do you just accept what your employer gives you and de3al with it? How many of you have the same exact amount taken our of your pay check as every other employee? How many of you have really ever gotten to choose what the deductible is or again do you just take what the employer offers? How many of you can pick whatever doctor you want or do you have to pick from a list of insurance approved in network doctors?

Items on Amazon Right Now for Health Care Reform Deductibles:

Insurers push plans that limit health choices

As the Obama administration begins to enact the new national health care law, the country’s biggest insurers are promoting affordable plans with reduced premiums that require participants to use a narrower selection of doctors or hospitals.

Pros & Cons of the Health Care Reform Bill