2013 Rebate and Tax Credit for Health Insurance
Posted by Sheri Harris on Friday, February 10, 2012
Under: Commentary
Each year our health insurance premiums go up. The increases can be from $300 to $500 or even more depending on what type of health insurance you have. Unfortunately, the supposedly new insurance exchange programs will not take place until 2014, so 2013 will not be the year to take a vacation. It can be ok to stay home as long as you don't move or go anywhere.
In scenario of explanation is that 2013 can be a golden year for hospitals and insurance companies to charge huge fees in excess in preparation, resulting from the insurance exchange programs to begin in 2014. This could mean that people will pay more out of pocket in premiums and out of cost expenses like deductibles or co-insurance ect. Many of us wear the same shirt over and over because we want to keep it. Premiums and other added cost for moving around at home or leaving the house can make it difficult to afford the necessity of wearing a shirt; since wearing the same shirt over and over helps pay for insurance premiums. Talk about priorities. There's really nothing to argue about-what police officer is going to arrest an insurance company resulting from indecent exposure, even if we blame them indirectly?
The end of 2012 will approach and before that it will be time to think in advance regarding one's health insurance. When life is just a compounded representation of timed notations constructed together in provided nomenclature that explains seconds, minutes, hours, days, weeks, months, years- we realize it's time to get started because time repeats itself as history tells a similar story but it does not wait. 2013 can also be considered a gap year because it falls batween those who currently have existing plans and the possible transition to the insurance exchange plans. In this instance people may be paying more for insurance or they can certainly decide to go without medical insurance and get basic hospital coverage because premiums will become no longer affordable. This also means that health centers and insurance discount plans can become of benefit for one to use until 2014 and can provide some relief by way of the reduced cost of health coverage until the insurance exchanges get underway.
The Affordable Care Act is already requiring insurance companies to report the money that they spend on direct care of a patient as opposed to the money the insurance company spends on the workers and their fancy paydays and what it takes to hype them up so that the public knows about them. If it is found that the insurance company spent less than 80-85 percent of your premium money, which varies on the type of plan ie. individual, small or large company on direct medical care then an insured person will recieve a rebate from the insurance company. Since this act or law will prevent the insurance company from spending subscriber premiums on anything other than health care then it is possible, if insurance companies do lattes and biscotti's quite often on "company money" then subscribers will reap the benefits for such indulgence. There's nothing really to argue about-drinking bad coffee will send people home, and you would certainly have issue with an officer if arrested for going home after drinking bad coffee-what are those charges gonna look like?
This may also be the time to introduce a whole new rebate system called the insurance gap supplement or the insurance gap supplement tax credit. This rebate will reduce the cost of health insurance for the year of 2013.
How this rebate or tax credit works?
If your insurance premiums have gone up, you either pay the cost of the premium or attempt to find cheaper insurance. Although high deductibles are just that-you need to pay the entire deductible before the insurance company pays. So if you can barely pay your premium what makes an insurance company think you can just fork up $1000 or more when you get a bill from a physician, facility or hospital? The rebate will allow you to use the money to reduce the increased cost of coverage by up to $750. This depends on the amount of your insurance you pay each month. If you currently pay $300 a month and your premium is increased to $340, this means that your insurance has increased $480 for the year. With the gap supplement or gap supplement tax rebate you can be entitled to a $350 rebate that can be used by you through your insurance company to offset the cost of your premiums or you can recieve the rebate as a tax credit when you file your taxes. This rebate or tax credit is just the thing people need to continue their health insurance as they wait in anticipation for the new insurance exchanges to provide affordable insurance.
The insurance exchange program has taken long enough, there needs to be a supplement introduced to enable a continuance of medical insurance coverage or more people will continue to go without insurance in the year 2013. This again would mean that hospitals and health centers ect. will lose money by having to care for people without health insurance to pay in return for such services, as this could mean a crisis for hospitals or centers that will then have to close or merge to stay operational. If people need continuous care and do not recieve it then many will become sick, die or result to disability if an illness is severe enough; all resulting from the rising cost of health insurance.
Let's eliminate superstition. If age is just a number, why can't we do the same with 2013? It can be done by the insurance gap supplement rebate and tax credit!
In scenario of explanation is that 2013 can be a golden year for hospitals and insurance companies to charge huge fees in excess in preparation, resulting from the insurance exchange programs to begin in 2014. This could mean that people will pay more out of pocket in premiums and out of cost expenses like deductibles or co-insurance ect. Many of us wear the same shirt over and over because we want to keep it. Premiums and other added cost for moving around at home or leaving the house can make it difficult to afford the necessity of wearing a shirt; since wearing the same shirt over and over helps pay for insurance premiums. Talk about priorities. There's really nothing to argue about-what police officer is going to arrest an insurance company resulting from indecent exposure, even if we blame them indirectly?
The end of 2012 will approach and before that it will be time to think in advance regarding one's health insurance. When life is just a compounded representation of timed notations constructed together in provided nomenclature that explains seconds, minutes, hours, days, weeks, months, years- we realize it's time to get started because time repeats itself as history tells a similar story but it does not wait. 2013 can also be considered a gap year because it falls batween those who currently have existing plans and the possible transition to the insurance exchange plans. In this instance people may be paying more for insurance or they can certainly decide to go without medical insurance and get basic hospital coverage because premiums will become no longer affordable. This also means that health centers and insurance discount plans can become of benefit for one to use until 2014 and can provide some relief by way of the reduced cost of health coverage until the insurance exchanges get underway.
The Affordable Care Act is already requiring insurance companies to report the money that they spend on direct care of a patient as opposed to the money the insurance company spends on the workers and their fancy paydays and what it takes to hype them up so that the public knows about them. If it is found that the insurance company spent less than 80-85 percent of your premium money, which varies on the type of plan ie. individual, small or large company on direct medical care then an insured person will recieve a rebate from the insurance company. Since this act or law will prevent the insurance company from spending subscriber premiums on anything other than health care then it is possible, if insurance companies do lattes and biscotti's quite often on "company money" then subscribers will reap the benefits for such indulgence. There's nothing really to argue about-drinking bad coffee will send people home, and you would certainly have issue with an officer if arrested for going home after drinking bad coffee-what are those charges gonna look like?
This may also be the time to introduce a whole new rebate system called the insurance gap supplement or the insurance gap supplement tax credit. This rebate will reduce the cost of health insurance for the year of 2013.
How this rebate or tax credit works?
If your insurance premiums have gone up, you either pay the cost of the premium or attempt to find cheaper insurance. Although high deductibles are just that-you need to pay the entire deductible before the insurance company pays. So if you can barely pay your premium what makes an insurance company think you can just fork up $1000 or more when you get a bill from a physician, facility or hospital? The rebate will allow you to use the money to reduce the increased cost of coverage by up to $750. This depends on the amount of your insurance you pay each month. If you currently pay $300 a month and your premium is increased to $340, this means that your insurance has increased $480 for the year. With the gap supplement or gap supplement tax rebate you can be entitled to a $350 rebate that can be used by you through your insurance company to offset the cost of your premiums or you can recieve the rebate as a tax credit when you file your taxes. This rebate or tax credit is just the thing people need to continue their health insurance as they wait in anticipation for the new insurance exchanges to provide affordable insurance.
The insurance exchange program has taken long enough, there needs to be a supplement introduced to enable a continuance of medical insurance coverage or more people will continue to go without insurance in the year 2013. This again would mean that hospitals and health centers ect. will lose money by having to care for people without health insurance to pay in return for such services, as this could mean a crisis for hospitals or centers that will then have to close or merge to stay operational. If people need continuous care and do not recieve it then many will become sick, die or result to disability if an illness is severe enough; all resulting from the rising cost of health insurance.
Let's eliminate superstition. If age is just a number, why can't we do the same with 2013? It can be done by the insurance gap supplement rebate and tax credit!
In : Commentary