Health Insurance

  • Photo of Part Three: Preparing for Inflation-Adjusted Premiums

    Part Three: Preparing for Inflation-Adjusted Premiums

    In January, your tax credits and average health insurance cost, per month, are going to change. Whether it’s a private plan, an employer-sponsored one, or Medicare, all consumers’ income brackets are going to be adjusted for inflation. In short, if your household earnings go up, your premiums might not because of the higher income brackets. Moreover, consumers may even qualify…

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  • Photo of Part Two: Inflation and Your Health Premiums

    Part Two: Inflation and Your Health Premiums

    Generally, the government takes care of a portion of your health insurance premiums. The amount is based on someone’s income bracket, which changes every year because of inflation. In a previous article, we discussed how this impacts the average monthly health insurance cost, even if a household’s income doesn’t go up or down. The change will effect the 2019 Medicare…

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  • Photo of The 2020 Inflation Adjustment and Your Health Premiums

    The 2020 Inflation Adjustment and Your Health Premiums

    Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…

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