Typically, before the Affordable Care Act (ACA), carriers could remove adult children from the policyowner’s coverage based on their age, regardless of their student status. Upon the implementation of the ACA, singed into law March 23, 2010, which requires plans and...
Coverage for children in Texas has been dramatically altered since passage of the Affordable Care Act (ACA) on March 23, 2010. Availability of coverage, benefits, and premiums have been dramatically altered by the ACA. Until the passage of the ACA, long-term...
What does the term community rating mean as it applies to health insurance?Health insurance carriers have different methods for determining the cost of a health insurance policy. The amount paid for health insurance coverage is referred to as a “premium.” If a...
Drug formularies are probably the least understood component of a health insurance policy. Texas consumers rarely discuss the prescription formulary and how a formulary functions before securing coverage. All Texas health insurance carriers rely on drug formularies...
Health savings account (HSA) plans have become very popular because consumers are able to combine the tax deductibility traits of an Individual Retirement Account (IRA) with a high deductible health insurance plan. However, Texas consumers should identify the...
