I need to get a prescription to the birth control pill without my parents finding out. I understand its about $30 a month. Is this covered by health insurance, or do I just pay $30 each month when I go to refill my prescription? Will my parents know if they are paying for it?
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Not sure about all insurance's but mine did not cover it. However when anything is billed I recieve a billing statement to show what was trying to be billed. In this case, I would assume your parents would get a billing statement whether or not it is covered if they try to bill, or if you go to the doctor. You may be able to get some trial packs from your doctor or a free clinic, but that would not be permanent.
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Wednesday, December 29, 2010
where can I find the best health insurance for the whole family.?
I want to get health insurance for my whole family, without going broke. My employer offers insurance but I don't like the provider. I want to be able to pay, out of my own pocket. Help anybody.
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There are hundreds of policies available. You'll want to visit a local independent agent. This person knows the market in your area and can find the best policy for your situation and budget. The plans are exactly the same whether you use an agent or buy directly from an insurance company. Do not try to do this over the internet. It'll take you several days to intelligently compare all the plans available. Also, if you have any pre-existing conditions that might add a rider to the policy or cause you to be declined or if you are out of the height and weight guidelines you won't know until you've applied and gone through the underwriting process.
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There are hundreds of policies available. You'll want to visit a local independent agent. This person knows the market in your area and can find the best policy for your situation and budget. The plans are exactly the same whether you use an agent or buy directly from an insurance company. Do not try to do this over the internet. It'll take you several days to intelligently compare all the plans available. Also, if you have any pre-existing conditions that might add a rider to the policy or cause you to be declined or if you are out of the height and weight guidelines you won't know until you've applied and gone through the underwriting process.
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what is the best Health Insurance in vancouver ?
What is the best Health Insurance in vancouver? I'm an international student planning to stay here in vancouver for the next 5 years. just want to know from people who live here and from there experience what is the best Health Insurance? thank you guys for help :) cheers
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Pacific Blue Cross is a well-known private plan. If you're going to be here that long, you should see if you qualify for British Columbia Medical Services Plan. It will cover most medical stuff far more cheaply than any other plan but doesn't cover any dental. Their website says that holders of study and work permits might qualify but you'll have to email them or phone them(not recommended, always a long wait on the phone) to find out.
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Pacific Blue Cross is a well-known private plan. If you're going to be here that long, you should see if you qualify for British Columbia Medical Services Plan. It will cover most medical stuff far more cheaply than any other plan but doesn't cover any dental. Their website says that holders of study and work permits might qualify but you'll have to email them or phone them(not recommended, always a long wait on the phone) to find out.
Source
I'm employed by a company but have to pay for my own life and health insurance. Can I deduct the premiums?
Hi, I work for a company that pays me fringe benefits in my check. What this means is that I have to pay for my own life and Health insurance. Can I deduct the premiums when I file my taxes? Thanks in advance for any help.
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Yes, you may deduct the costs you pay for health insurance given that your total yearly expenses are greater than 7.5% of your adjusted gross income. (so if your AGI is $50,000 you must subtract $3,750 from your total medical expenses. Anything you pay over this amount may be deducted. If your total expenses are under 7.5% of your AGI, sadly you may not claim the deduction.) However I suggest you set up a health savings account. They work much like an IRA, in that any funds you put into it are before tax. Any funds withdrawn to pay for medical expenses are not taxed. The funds you put in are investable and may earn you interest that is also tax free, given that it is used on medical expenses. If you withdraw funds before age 65 not for health expenses there is a 10% penalty plus regular taxes (after 65% it would be taxed but no penality). So you may want to put in only a little more than what you anticipate your annual health expenses will be. To qualify you also need to be in a high deductable health plan ($1,050 deductable for individual/ $2,100 for families) that also has an out of pocket expense cap of no greater than $5,250 indiv. ( $10,500 fam.) Not be eligable for medicare and not covered by any other health plan that is not a HDHP The good thing about a HDHP is that you premiums will be lower than a plan with a low deductable. If a HDHP does not appeal to you, there is another option to save your max tax dollars. As long as you or your spouse are both NOT eligible to participate in a employer health plan, 100% percent of your expenses paid for health insurance are tax deductable if you are also self employed. However your deduction may not exceed the amount of income you generate from the self employment. Life insurance is not a deductable item. If you are self employed you may be able to deduct the cost of life insurance. You would need to actually start your own company (even a sole proprietorship). If the beneficiary on the plan is someone other than the tax payer (so a child perhaps. your spouse would not qualify if you file jointly) the cost is 100% deductable. Keep in mind, all expense deductions can not be greater than the amount generated by the business. Thats a lot of work. I would just urge your employer to set up a group term life plan for employees. You would get the tax free fringe benefit, and they still get the tax deduction. It's silly for them not to not offer it. Note: This information is all the options available to the asker of the question based on the info given that he has to buy his own insurance, and it is not available through his work. Answers above that mention his work deducting pay to go to a health plan do not apply, as he does not have this option.
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Yes, you may deduct the costs you pay for health insurance given that your total yearly expenses are greater than 7.5% of your adjusted gross income. (so if your AGI is $50,000 you must subtract $3,750 from your total medical expenses. Anything you pay over this amount may be deducted. If your total expenses are under 7.5% of your AGI, sadly you may not claim the deduction.) However I suggest you set up a health savings account. They work much like an IRA, in that any funds you put into it are before tax. Any funds withdrawn to pay for medical expenses are not taxed. The funds you put in are investable and may earn you interest that is also tax free, given that it is used on medical expenses. If you withdraw funds before age 65 not for health expenses there is a 10% penalty plus regular taxes (after 65% it would be taxed but no penality). So you may want to put in only a little more than what you anticipate your annual health expenses will be. To qualify you also need to be in a high deductable health plan ($1,050 deductable for individual/ $2,100 for families) that also has an out of pocket expense cap of no greater than $5,250 indiv. ( $10,500 fam.) Not be eligable for medicare and not covered by any other health plan that is not a HDHP The good thing about a HDHP is that you premiums will be lower than a plan with a low deductable. If a HDHP does not appeal to you, there is another option to save your max tax dollars. As long as you or your spouse are both NOT eligible to participate in a employer health plan, 100% percent of your expenses paid for health insurance are tax deductable if you are also self employed. However your deduction may not exceed the amount of income you generate from the self employment. Life insurance is not a deductable item. If you are self employed you may be able to deduct the cost of life insurance. You would need to actually start your own company (even a sole proprietorship). If the beneficiary on the plan is someone other than the tax payer (so a child perhaps. your spouse would not qualify if you file jointly) the cost is 100% deductable. Keep in mind, all expense deductions can not be greater than the amount generated by the business. Thats a lot of work. I would just urge your employer to set up a group term life plan for employees. You would get the tax free fringe benefit, and they still get the tax deduction. It's silly for them not to not offer it. Note: This information is all the options available to the asker of the question based on the info given that he has to buy his own insurance, and it is not available through his work. Answers above that mention his work deducting pay to go to a health plan do not apply, as he does not have this option.
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Can I go back on my parents health insurance?
I was cut off of my parents health insurance when I turned 19 last month because I decided to take some time off before going to college. When I go back to college, will I be able to go back on my parents insurance? Also, with the new healthcare bill, will I be back on my parents insurance anyway once it goes into effect?
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That portion of the bill goes into effect for plan years beginning 9/23/10. You'll be able to go back on your parents' health insurance when open enrollment occurs after that date, whether or not you are in college.
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That portion of the bill goes into effect for plan years beginning 9/23/10. You'll be able to go back on your parents' health insurance when open enrollment occurs after that date, whether or not you are in college.
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Any Health insurance agents out there in Maryland?
Let me start by telling you that my wife and I are currently covered with Carefirst Bluechoice. We are 28 years of age. I purchased this health insurance due to not having any benefits through my employer. We pay $376 mthly and I also have a pre-existing condition (narcolepsy) in which I take medication for. (generic adderall)... However, Im not to happy with the premium, is there any other type of coverage out there that would give me a lower premium and possibly a low deductible.. I know its either or but I would prefer the lower premium if any. Any suggestions or helpful advice would be much appreciated!
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Well actually you can have it both way, low cost and low premium: combine a higher deductible insurance of the type you have now with My Simple Card for the first dollar coverage. You will get similar coverage (what is your deductible now btw?) for about $100-$150 less premium per month. You save to $2,000 a year.
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Well actually you can have it both way, low cost and low premium: combine a higher deductible insurance of the type you have now with My Simple Card for the first dollar coverage. You will get similar coverage (what is your deductible now btw?) for about $100-$150 less premium per month. You save to $2,000 a year.
Source
Can an employer renegade on promised health insurance?
My employer pomised me health insurance (that is the only reason I accepted this lousy job) and after three months (when I am suppose to become eligible) She is denying me coverage "due to unforseen expenses", do I have any recourse? I am very aware that employers do not have to provide health insurance, but me accepting this job was only contingent upon that fact.
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do you have a contract? do you have a signed offer that shows you accepted contingent on health coverage? YES the employer can change their policy on fringe benefits, your recourse is accept this, quit or prove that you are being denied benefits contrary to the employers policy based "solely" on your being part of a protected group. EDIT: do realize an "offer" even in writing is not binding and is only an offer but..... having this may help if you had no other option but to quit and you were trying to qualify for unemployment insurance. (a significant change in employment conditions is considered cause to quit a job in most states)
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do you have a contract? do you have a signed offer that shows you accepted contingent on health coverage? YES the employer can change their policy on fringe benefits, your recourse is accept this, quit or prove that you are being denied benefits contrary to the employers policy based "solely" on your being part of a protected group. EDIT: do realize an "offer" even in writing is not binding and is only an offer but..... having this may help if you had no other option but to quit and you were trying to qualify for unemployment insurance. (a significant change in employment conditions is considered cause to quit a job in most states)
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