- What assets will be available to take care of dependents' immediate needs?
- How long will your estate be tied up after death?
- Will your estate owe substantial debts and taxes?
- If you have a business, how much money will be needed to operate it until your estate is settled?
1 AnswerWhen reviewing your short-term life insurance coverage needs, you should consider:
1 AnswerAn insurance checklist for retirement or death could include a review of your:
- Healthcare insurance including Medicare/Medicaid, VA and private health care
- Long-term healthcare insurance
- Catastrophic coverage
- Life and disability insurance
1 AnswerMultiple Sclerosis Foundation answeredUnder the Affordable Care Act, one of the women’s preventive services that is covered without cost-sharing requirements includes breastfeeding support, supplies and counseling. Pregnant and postpartum women have access to comprehensive lactation support and counseling from trained providers, as well as breastfeeding equipment. Breastfeeding is one of the most effective preventive measures mothers can take to protect their children’s and their own health. One of the barriers for breastfeeding is the cost of purchasing or renting breast pumps and nursing related supplies.
1 AnswerMultiple Sclerosis Foundation answeredUnder the Affordable Care Act, one of the women’s preventive services that is covered without cost-sharing requirements includes contraception and contraceptive counseling. Women have access to all Food and Drug Administration-approved contraceptive methods, sterilization procedures, and patient education and counseling. These recommendations do not include abortifacient drugs. Most workers in employer-sponsored plans are covered for contraceptives. Family planning services are an essential preventive service for women and critical to appropriately spacing and ensuring intended pregnancies, which results in improved maternal health and better birth outcomes.
1 AnswerInsurance companies and employer-based healthcare plans are not required to offer dependent coverage. If you are in a plan that does not provide family coverage, you will not be able to include your children. Also, if your young adult children have access to employer-based coverage on their own, you will not be able to add them to your plan.
1 AnswerIf you currently include your children on your health insurance, the Affordable Care Act allows you to keep them on your family policy until they reach age 26. Your insurance company will not be able to charge you more to insure your older children than it charges for younger children. It also will not be able to provide them fewer benefits.
1 AnswerIn the past, young adults frequently were forced off their parents’ policies once they reached 18 or 21 or graduated from college. Now they can stay on or be added to your family policy even if they have left home or are no longer a student.
If you currently include your children on your health insurance, the Affordable Care Act allows you to keep them on your family policy until they reach age 26. This means you can make sure they have health insurance even if they no longer live with you, are married, or are no longer in school. You do not have to claim them as a dependent on your tax return. You will not be able to include their spouse or their children on your policy.
1 AnswerThe Affordable Care Act creates Health Insurance Martetplaces for people who don’t have coverage through their job. Marketplaces are new way for people to compare and buy health insurance. You’ll be able to compare the benefits and costs of health plans side-by-side.
Anyone who is eligible for insurance through the Health Insurance Markeplace but does not purchase it will be subject to a penalty. Health insurance marketplacess start offering insurance in 2014.
All health plans sold through the marketplace must cover essential benefits. These include medical and mental healthcare benefits, prescription drugs, and rehabilitation services.
You can get information on the cost of the health insurance plans when the Markeplace in your state begins enrollment in late 2013. Coverage starts in 2014.
1 AnswerIf you or the person you care for has been uninsured for at least six months and has been denied health coverage because of a health condition, you may be able to get coverage. This coverage -- called the Preexisting Condition Insurance Plan (PCIP) -- is available in your state now. This program continues until the health insurance exchanges start in 2014, when everyone can get insurance regardless of health status. You will find more information about how to apply for PCIP at www.pcip.gov.
Starting in 2014, insurance companies can no longer deny anyone health insurance because of a preexisting condition.