Early Retirement, Under 65, And Health Insurance
How Do Retirees and Small Business Owners Afford Health Insurance?
Most of the talk about retirement health insurance centers around the US federal health plan for people over 65 or disabled people. This plan is, of course, Medicare. Medicare accepts qualified people over 65 or with qualifying disabilities.
Retirees Under 65?
However, these days, many middle aged people are choosing early retirement as their best option. There are a variety of reasons for this, but sometimes it just works out because the job market is so sluggish for older people. Sometimes, these people want to start their own business. Either way, they are not qualified for Medicare because they are under 65 years old and not disabled.
Categories: Health Insurance Tags: Major Medical, over 50
Federal High Risk Pools : Health Reform Updates
Federal High Risk Health Pools Are Coming To Your State!
I noticed a note on the Texas High Risk Health Pool website when I was doing some research for a client.
Enrollees in the new federal pool program will pay standard market premium rates and their coverage will not be subject to any preexisting condition exclusion. Funds for the Federal Pool are limited, so eligible applicants should apply as soon as possible.
Federal High Risk Health Plans
Categories: Health Insurance Tags: health reform, high risk health insurance, Major Medical
Does Health Insurance Cover Medical Massage?
What Is Medical Massage?
To put it simply, medical massage is performed with a the intent of improving or removing a specific health problem. It is prescribed by a medical doctor, though probably performed by a licensed medical massage therapist. It is actually performed to help the body’s own healing processes. For instance, specific massage may help remove a blockage, improve blood flow, or relieve a muscle spasm.
Categories: Health Insurance Tags: Major Medical, medical massage
IRS HSA (Health Savings Accounts) Guidelines for 2009
The IRS controls HSA deductible contribution amounts
The IRS issued 2009 HSA contribution limits and minimum plans:
Contributions:
- $3,000 for self-only coverage
- $5,950 for family coverage
For Clients who are 55 and older they are allowed a catch up provision of: $1000.
Minimum High Deductible Health Plan deductibles:
- $1,150 self-only
- $2,300 family
And, after retirement, any remaining HSA savings can be used for Medicare supplement premiums, long term care premiums, Medicare Part D premiums, or other needs with no tax penalty.
An HSA (Health Savings Account) works with a higher deductible major medical insurance plan. Learn more about HSA health insurance plans.
Categories: Health Insurance Tags: Deductibles, hsa, IRS, Major Medical
