Health insurance companies are taking proactive and supportive positions when it comes to COVID-19. According to public announcements made by many of the national insurance carriers in the United States, the cost of testing for COVID-19 may be covered at 100%. What type of treatment and services should I expect to see billed to my … Continue reading Understand your health insurance coverage for COVID-19 treatment
If you haven’t completed your U.S. Individual Federal Income Tax return yet, you may run up against a question about the Form 1095, why it’s important and whether you can complete your tax return without it. Form 1095 is a collection of Internal Revenue Service (IRS) tax forms in the United States which are used to determine whether an individual … Continue reading Form 1095 and Filing Your U.S. Individual Income Tax Return. Are you ready?
Do you pay for out-of-pocket healthcare expenses using a health savings account, health reimbursement account and/or a flexible spending account? Confused over which to use, how they overlap or whether to tap into them? You’re not alone. The rules can be complicated and unclear. If you’re not careful, you could leave money on the table. … Continue reading Know your HSA, HRA & FSA plans
An ounce of prevention is worth a pound of cure. Preventive healthcare is important, especially to identify and treat symptoms or diseases BEFORE they get turn into prolonged, expensive and potentially life-threatening situations. Now is the time to schedule your annual preventive care visit with your doctor. Employer and group insurance plans may not require … Continue reading Preventive Healthcare: Are you getting your free screenings?
If you have a Healthcare Flexible Spending Account, you may be familiar with the Use it or Lose It concept. What exactly does this mean for you? As you approach the end of the year, focusing on your Healthcare Flexible Spending Account now may help save you money before it’s too late. A Healthcare Flexible … Continue reading Use it or Lose It: Healthcare Flexible Spending Account