In just a matter of days, it will be November 1st, the beginning of Open Enrollment for health insurance for members and their families, as well as practice staff. For many physicians, this is a time of frustration, but TMA Insurance Trust is here to make it easier.
Liz West is an experienced advisor on health insurance under the Affordable Care Act here at TMA Insurance Trust. She has worked here for nearly three decades, so she understands the marketplace and the particular needs of physicians in our state.
As the date for open enrollment nears, we sit down with Liz to discuss the health insurance marketplace and solutions to some of the issues our members are facing.
Health insurance offers more than just medical care; it offers peace of mind and reassurance. The harsh reality of the matter, however, is that even the best medical insurance plans can still leave you with expensive deductibles and co-pays, not to mention the unforeseen out-of-pocket expenses that can come with an extended hospital stay.
Insurance. If you’re a Millennial, the word probably evokes yawns and shrugs. But insurance is needed for many reasons in our lives. We purchase travel policies when we book a vacation. We insure our cars. But what happens when that car gets smashed by another car, sending you sideways into the landscape? Or the plane falls out of the sky? Or you get sick.
These are dramatic images, but they can happen. To anyone. At any age.
Many factors are involved in getting good employees to fill the seats at a medical practice, but job candidates consistently rank group benefits as one of the top factors impacting their decision to accept a job offer. Benefits packages matter; a robust package can make their lives much easier, while a barebones offering forces them to bear most of the monetary or administrative costs themselves.
You’ve acquired assets over the years, investing time and money in your career. Among those assets are your life and health insurance policies. Unfortunately, these policies tend to wind up on the back burner when preparing for a divorce, which can be a time-consuming and draining experience.
Health care isn’t growing any less complex. Young people new to health insurance industry terms are having difficulty not only in signing up for plans, but navigating their use, as well. Even young physicians, whose intrinsic knowledge of human anatomy should, in theory, impart additional insight into the health insurance system, are not immune.
When you get married, there’s an array of things that change for you and your spouse. You now address each other as husband and wife, you come home a little earlier from work to see your companion, and you spend time making plans for the future together. Additionally, maybe you have moved into your spouse’s apartment or home, or perhaps you are considering buying a new home together. No matter what your future plans look like, marriage will undoubtedly impact your finances. Below we have broken down five financial changes that newlyweds should be prepared for.
