what does family deductible is 2 x individual deductible mean when purchasing hsa?
337341
There's a deductible per person, say $1000 as an example.  If you have three people in the family, it would be $1000 each or $3000 total.  The family deductible is another way to limit your payout.  Once the deductible of the entire family reach the family deductible, it's presumed that you've reached the deductible amount and the coinsurance clause will take place.
177702
Yeah it's legal. They will give you a rough estimate if you ask for one, barring any complications. Basically the assignment of benefits that you have to sign is given so that the patient realizes that if the insurance company doesn't pay, or if you have a deductible or co-insurance amount, etc that you are responsible for payment of these services that aren't covered. Every insurance company has different rules and there are different coverage guidelines from policy to policy within the same insurance company! For instance: Medicare will not cover the first EKG given in an emergency room, so the form the patient signs allows the hospital to bill the patient for the EKG, otherwise they would have to write it off. It is the patients responsibility to know what their insurance will or will not cover and what percentage they will cover and the hospital/clinic/therapists office will give you an estimate if you ask them to.
470048
I had to go shopping for health insurance recently and got a lot of quotes with all kinds of options. Private pay - like what your asking. If your not over 40, healthy, don't smoke or have any special needs, then our situations are similar and I can tell you what I was impressed with. Out of 8 bids from various national company's; The two best were Mutual of Omaha and American Family. MofO was very impressive with coverage, additional free benefits and low cost riders like glasses and dental. American family was the same with an added benefit of a high yield health savings account that can be used as a tax deduction. Both had low deductables with free well care or low co pay well care, and were well under 200 a month not including riders. Good luck.
216934
group insurance is provided to several people who have a common employer, organization, etc. Example, your job, alumni association, automobile club, etc. \n\nindividual insurance is when you purchase it for yourself. \n\ngroup insurance is not individually underwritten, so if one member would not qualify on his own, they would be covered under the group.
1041123
Medical premiums are an income tax deduction.  There are two ways to get this deduction.\n\nIf you work the government allows immediate relief by allowing the premiums to be paid on a pre-tax basis and therefore lowering your income tax.\n\nIf you don't work then you're allowed to deduct these premiums against any unearned income you have on your tax return.\n\nIf you pay no income tax in retirement then you can obviously not claim a deduction against taxes you have not paid.
251623
Ask a friend or neighbor you respect who they use.\nA deductible is the amount you must pay before insurance begins to pay.
439248
In India u get a deduction from your total income if you pay for treatment of any specified diseases// considering the fact u r fat/ obese u may end up with coronary attacks..so u will..\n\nall the best with that! LOL
966641
I signed up for my employer's HSA and high deductible plan for next year.  From the research I've done it seems that it's a good deal if you stay healthy.
354638
I assume this is some sort of Homeowner's Association, where each person pays a small portion and it goes to pay for things like a community pool, landscaping, etc.  \n\nIf this is the case, it is not tax deductible.  These are things that would not be deductible of you paid them yourself.  Just because the NID management makes the decisions does not change how it is handled tax wise.
824644
I'm not sure what you are asking, but I think you are asking if the $10 taken from your pay each time for your share of the health insurance cost can be reimbursed from the FSA account you are contributing to. I would say no if I am right because the $10 is being treated as pre-tax and you are not eligible to get a reimbursement from an FSA for something that you are paying on a pre-tax basis.
64248
Based on the information you've provided it's unclear.  It depends whether the money you've received from you family is income.
827128
It is about "Risk" as you know Insurance is a business "pure and simple".  Your company has "Loaded" rates, this means that someone in your company probably has a health problem that has cost your companies plan to spend thousands if not millions in paying out claims.  Every  single policy has a "Ratio" or profit margin to it.  What this means quite simply is that your companies plan is expensive because the fact that someone or several people are utilizing the plan.  When you purchase Individual or Family plans, you are Underwritten Individually based on your medical condition.  I will give you an example:\na. Sarah aged 40 applies for health Insurance she takes no medication is 5ft 9inches tall weighs in at 140lbs, has no health conditions, and at her last physical the doctor gave her a perfect bill of health.  She is offered a Tier 1 rate (lowest prices)\nb. James aged 40 applies for health Insurance he takes medication for High Blood pressure, is 6ft. 250lbs doctor said at his last physical that his cholesterol is too high and has prescripted a medication to lower it.  He is offered tier 4 rates and is asked to pay 150% high premium than Sarah.\nc. Group Insurance: If I try to get my wife coverage in my group, the rates are based on the health condition of my group.  We call it a RAF in the business "Rate Adjustment Factor" , this is based on claims usage throughout the previous year.  I hope this helps to understand how it works.
67105
You get a tax deduction for each household member or dependent.
269146
Most health plans have both copayments and deductibles.  The higher deductible plans cost less, but then when you use them, you have to pay more out of pocket.
989632
They should both be deductible. Both are 501 (c) 3 organizations.
921409
You get 1/2 of your benefit check for dependent benefits.It doesn't matter how many kids you have,you still get half.It isn't given as a per child benefit.You can have 1 or 10,you'll still get the same amount.
29019
No.  Each account is for an individual person.