Medicare Prescription Medicine Benefit Part D will go into effect on January 1, 2006, and for the first time, Medicare will pay for prescription medicine. Everyone affected needs to make a decision about their coverage, including if they wish to keep their current prescription medicine coverage, and evaluate his or her personal prescription benefit needs.
Click here to better understand the Medicare Part D and the options that you have.
Effective January 1, 2006, Blue Shield of California will discontinue their Active Choice 600 Individual PPO health insurance plan. This was a very popular plan due to its low price and maternity coverage. Active Choice 600 members can transfer to any other individual Blue Shield health insurance plan.
Read more about Blue Shield of California plans and the choices that Active Choice 600 members have.
This Health Savings Account (HSA) compatible medical insurance plan seems like a very good value. It is well priced compared to all of the other HSA compatible individual health insurance plans. Most importantly, once an individual or family satisfies the $2,400 or $4,800 calendar year deductible the health plan generally pays 100 percent – including 100 percent for prescription medicine.
Read the full article on the Nationwide California HSA Compatible Plan
PacifiCare of California’s major health insurance weakness has been its limited PPO network of doctors and hospitals. The pending merger with United Health will likely improve PacifiCare’s PPO medical insurance network considerably. This article examines an aberration where the PacifiCare Signature Options 35/50-50/1000 health insurance plan has a significantly lower co-insurance maximum than the PacifiCare Signature Options 35/70-50/1000 medical insurance plan – and costs 5 to 6 percent less on a monthly premium basis.
Read the full article on PacifiCare of California Small Group $1000 Deductible PPO health insurance plans
California medical insurance that is compatible with Health Savings Accounts (HSA) enables employers, employees, families and individuals to spend less on their health insurance. Increasingly, people are choosing HSA compatible medical insurance plans, yet California – unlike the Federal government – currently does not allow individuals or companies to deduct HSA contributions from California state income taxes. This article describes the current California tax treatment of HSAs, references an excellent article on HSAs and Archer MSAs, and cites SB 173, pending legislation that would allow the tax deductibility of HSA contributions in California.
Read the full article on Tax Treatment of Health Savings Accounts (HSAs) in California
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