Posts Tagged ‘self employed health insurance’

A Check From My Insurance Company, Why?

Author: Kelley Filice Jensen

Your daily trip to the mail box just got more interesting, you received a check from your health insurance provider.  But, why?  What is it, and is it taxable to you?  What if you have insurance through your employer, will you get a check, or rebate?

Why are you receiving this check from your health insurance provider?

Many major medical insurance carriers (Anthem Health Insurance, Kaiser Insurance, Blue Shield Health Insurance, to name a few) have begun issuing rebates to affected customers.  This rebate is the result of the health insurance provider’s MLR or Medical Loss Ratio calculation.

COBRA sticker shock, why is it so expensive?

Author: Kelley Filice Jensen

Being laid off or fired from a job is horrible.   A million worries go through your mind at once including whether you will have enough money to survive until you get a new job and what to do about the health insurance you received through your employer’s health plan.  It is a relief to hear that you can continue on your former employer’s health plan for 18 months, until you hear that you will have to pay the premiums previously paid by your former employer.  How can it be so expensive?  This is the dilemma of COBRA Health Insurance Coverage.

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