Plan G or Plan F? Which is Better?
This is a common question, so we wrote an entire post on it. Plan G <--- Click this link to see more about Plan F and G.
I understand Medicare Part A is free, but, how much do I pay for Part B?
This is such a long answer that it doesn't really fit well here in the FAQ section, so we've dedicated an entire page to it. How Much Is Medicare Part B
How do I sign up for Medicare Part B if I already have Part A?
If you already have Medicare Part A and wish to sign up for Medicare Part B, please complete form CMS 40-B, Application for Enrollment in Medicare - Part B (Medical Insurance), and take or mail it to your local Social Security office. You can also call Social Security’s toll-free number 1-800-772-1213 (TTY 1-800-325-0778). or contact your [...]
When is Medicare open enrollment and does it apply to me?
The annual Medicare enrollment period is October 15th through December 7th, every year. During this time you may shop and replace your Medicare Advantage and Part D Prescription plans. This annual enrollment period does not apply to Medicare Supplements. If you wish to change your Medicare Supplement plan, you may do so anytime during the year, [...]
Do you only sell Medicare insurance or can you help us with other products?
While our name may infer that we only sell Medicare products, we specialize in all forms of health insurance for individuals, businesses and seniors. We also sell ancillary products like dental, vision, life insurance, disability insurance and much more.
What is the benefit of working with iHealthBrokers Medicare Advisors, and not directly with the the insurance company?
We work for you, not any insurance company and we're not partial to any particular insurance company. This means that you always get honest advice shopping for a health insurance company. In addition, our services go far past helping you find the right health insurance plan. Our brokers stick with you forever to assist with future [...]
How much does it cost to work with iHealthBrokers Medicare Advisors?
Working with iHealthBrokers Medicare Advisors costs you nothing. When you purchase an insurance policy, the insurance company pays us a commission, but because health insurance rates are pre-filed with the states, you do not pay more for our services as these commissions are already built into the cost of the plan, regardless of where you purchase [...]
Does my business qualify for a SHOP tax credit?
To be eligible, you must cover at least 50 percent of the cost of employee-only (not family or dependent) health care coverage for each of your employees. You must also have fewer than 25 full-time equivalent employees (FTEs). Those employees must have average wages of less than $50,000 (as adjusted for inflation beginning in 2014) per [...]
What is SHOP and is my business eligible?
The Small Business Health Options Program (SHOP) Marketplace is a new program that is supposed to simplify the process of buying health insurance for small businesses. Not all insurance companies offer SHOP plans. To participate in the SHOP Marketplace, you must: Have a principal business address within the state where you’re buying coverage, have at least [...]
What is the maximum annual out of pocket for an Obamacare plan?
The maximum out-of-pocket limit for any individual Marketplace plan for 2016 is $6,850 for an individual plan and $13,700 for a family plan. This number tends to go up a few hundred dollars annually. In 2014, the individual maximum was $6,350 and in 2015 it was $6,600.
What is Obamacare (ACA) open enrollment and when is it?
Coverage Year Annual Enrollment Period 2015 November 15, 2014 – February 15, 2015 2016 November 1, 2015 - January 31, 2016 2017 November 1, 2016 - January 31, 2017 2018 November 1, 2017 - January 31, 2018 2019 November 1, 2018 - December 15, 2018 2020 November 1, 2019 - December 15, 2019 [...]
Am I eligible for an Obamacare tax credit and/or tax subsidy?
There are eligibility requirements for individuals who wish to receive subsidies to help them pay for their health insurance under the Affordable Health Care Act. To qualify a person: Must live in the United States Be lawfully present in the United States Have a Modified Adjusted Gross Income (MAGI) between 133% and 400% of the federal [...]
What is the penalty for not buying health insurance for my self and/or family?
The penalty’s cost is calculated in one of two ways: You’ll either pay a percentage of your total household adjusted gross income — which you’ll figure on your annual tax return — or a flat rate, whichever is greater. Your tax return will also help you determine your penalty amount. Each year, the penalty will increase to keep pace with inflation [...]
Can I buy health insurance outside of the open enrollment period?
To purchase a permanent major medical health insurance plan outside of open enrollment, you need a qualifying life event, which creates a special enrollment period. Examples of qualifying life events are moving to a new state, certain changes in your income, and changes in your family size (marriage, divorce, child birth, adoption), losing other health coverage, [...]
Do you sell auto and home owners insurance?
At this time, we do not sell auto or homeowners insurance.