Benefits of Vision Insurance

Posted on May 3rd, 2019 By Michael Suhany

Most people think of traditional health insurance and life insurance and think that this may be the only type of insurance they need. But in fact, there are many other including vision insurance, which is important if you want to live a healthy life without spending a large amount of money.  Vision insurance includes multiple different aspects and benefits, and we are going to cover some of the most important aspects of vision insurance.


5 Health Insurance Myths

Posted on April 18th, 2019 By Michael Suhany

Every health insurance agent is asked many different questions and hears many different myths. In this blog, we are going to address 5 of the most common myths about health insurance, and hopefully clear up any confusion or misinformation!


Pros and Cons of Medi-Share

Posted on January 18th, 2019 By Michael Suhany

With the rise of the Affordable Care Act, there has been an explosion of growth for health care sharing ministries like Medi-Share. Many people aren’t sure what the difference and benefits of Medi-Share are vs normal health insurance. We are now past the period of open enrollment for 2019, which means that your options for insurance are limited. If you are eligible for special election periods, then you are able to purchase health insurance. These special election periods include having a baby, getting married, etc. The other option you have during anytime of the year is enrolling in a ministry like Medi-Share.

Kaiser Family Foundation Annual ACA Survey

Posted on May 20th, 2016 By Michael Suhany

The Kaiser Family Foundation Annual ACA Survey of those who have purchased individual health insurance coverage under the Affordable Care Act has just been released.  The results reflect the experiences and perceptions of those who obtained or renewed individual coverage under the ACA during the open enrollment for plans for 2016.  These experiences and perceptions are compared with those of enrollees in the individual market for the previous two years as well as with those who have coverage through an employer-sponsored Group Health Plan.  There are two items in the survey worth pointing out. (more…)

Marco Rubio Likes Barack Obama’s Ideas on Healthcare

Posted on March 4th, 2016 By Michael Suhany

Marco Rubio states on his campaign web site that he is opposed to and wants to repeal and replace the Affordable Care Act.  His web site offers an overview of his vision for healthcare reform.  But how different are his proposals from what is currently happening under the Affordable Care Act?

Marco Rubio’s Healthcare Reform Proposals

Marco Rubio states that his healthcare reform proposal will “Expand access to affordable, quality health coverage by providing every American with an advanceable, refundable tax credit that can be used to purchase insurance.”  Such a proposal recognizes that everyone having health insurance is a social good, but that people can sometimes lack motivation to obtain or be unable to afford coverage.  This proposal attempts to use the tax code to address this problem.  Presumably, someone who refuses to obtain coverage would forfeit their tax credit and would thus be motivated to purchase insurance.  The tax credit would also make coverage affordable for those who could not otherwise be able to pay for coverage.

Further, Marco Rubio states that his plan will “Reduce health care costs, promote innovation, and ensure access for the most vulnerable by expanding access to consumer-centered health plans, reforming insurance regulations, and putting protections in place to ensure those with pre-existing health conditions can get access to affordable coverage.”  This proposal covers quite a bit of territory.  The most significant element concerns those with pre-existing health conditions and the desire to ensure that those who have these conditions can get affordable health insurance.  This requires that insurance companies accept these people who are at higher risk of incurring claims and that they spread this risk out to healthy people in the form of increased premiums.

Third, Marco Rubio says that his plan will “Promote innovation in the Medicaid program by giving states a per-capita block grant, which preserves funding for Medicaid’s unique populations while freeing states from Washington mandates.”  This proposal recognizes that being on Medicaid can be a miserable experience of bureaucrats making eligibility determinations, administrators making coverage decisions, and difficulty in finding providers who will take Medicaid’s diminished reimbursements. (more…)

Donald Trump – Will His Healthcare Reform Plan Work?

Posted on March 3rd, 2016 By Michael Suhany

Donald Trump – Will His Healthcare Reform Plan Work?

Donald Trump has released his healthcare reform plan on his campaign web site.  He calls on Congress to make seven specific changes in the laws that he will presumably sign if he is elected the next President.  What are the proposals?  What do they really mean for the marketplace and the consumer?  Will his healthcare reform plan work?

1. Completely Repeal Obamacare Including the Individual Mandate

Donald Trump calls for the repeal of Obamacare in general and specifically the Individual Mandate.  The Individual Mandate is the requirement under the Affordable Care Act that almost everyone must either demonstrate that they have health insurance or face a penalty when they file their taxes.  The Individual Mandate is certainly one of the least popular features of the Affordable Care Act, but what else would happen if the Individual Mandate went away?

If the Affordable Care Act were to be repealed and the Individual Mandate as well, the insurance market would have to return to much the same state it was before the implementation of the law.  Insurance companies would once again ask medical questions of their applicants.  People could be denied coverage or charged higher premiums because of their medical conditions.  Pre-existing conditions could be excluded.  Affordability would once again be a major concern as insurance premiums would be no lower than 2013 levels and the tax credits under the Affordable Care Act would go away.

If most of the Affordable Care Act were to remain intact but the Individual Mandate were to be removed, then insurance companies would be faced with leaving the market altogether for inability to stay solvent or further increase premiums to make up for the fact that healthy people formerly purchasing insurance and paying premiums would no longer keep their policies. (more…)