Affordable Care Act: made one change to flexible spending accounts

How does the Affordable Care Act affect my flexible spending account? Healthy Planner Dear Healthy Planner, Short answer: not much.  Under the Affordable Care Act, medical flexible spending accounts (also known as reimbursement accounts) continue to operate as they have in the past but the maximum annual benefit is capped at $2,500. The services and […]

Find out whether local hospital is in network

How do I know whether care from my local hospital will be covered by my health insurance plan?  I got my plan from the exchange and am having a hard time figuring out what is what. Puzzled Dear Puzzled, Your best bet is to ask the insurance plan directly.  You can call them; there should […]

Advice on health insurance options – go to a broker

I need some advice on health insurance. I am trying to find good health coverage, company and deductibles, copays and all I get is confused on understanding it.  I must find a good plan for two adults and one five year old. Seeker Dear Seeker, There are plenty of sources of information about your health […]

Obamacare: when to drop your child

When do I have to drop my child from my health plan at work? Cutting The Ties Dear Cutting The Ties, In most states and situations, your insurer will drop your child the month after he or she turns 26.  If your plan offers COBRA, then COBRA would be available.  Some states require insurers to allow […]

How much you pay before the plan pays

Does the coinsurance on health insurance apply to the total medical charge or the discounted charge after the health plan’s discount?  For example, my insurance company says I owe 20% coinsurance on laboratory visits. The lab charged $200, and the insurance company disallowed $175, which means we have $25 left over. The insurance company says […]