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Lower Premiums Under New Law

If you know someone who needs health insurance, now is the time to act! Marketplace Health Insurance (also known as Obamacare or Healthcare.gov) has opened a special enrollment period from April 1 to August 15.
  • Pre-existing conditions are covered
  • No health questions
  • Some qualify for a zero-monthly premium
Under the American Rescue Plan, Americans who enroll or change plans from April 1st to August 15th will receive increased tax credits to reduce their premiums. Individuals must call to take advantage of these increased savings and lower cost immediately!
Our agents are equipped to walk you through each step of the application process and get you enrolled or your current plan changed.

Call us at 731-288-3540

BlueCross BlueShield of Tennessee individual healthcare plans will now be offered in all 95 Tennessee counties. Open enrollment will be available November 1 – December 15 for a January 1, 2020 effective date.

So what does this mean?

Starting in January of 2017, BlueCross BlueShield policies stopped being offered through the healthcare.gov website in Memphis and Nashville and their surrounding counties. This meant that people living within certain zip codes in Tennessee could not access the healthcare.gov website to obtain a BlueCross BlueShield health insurance policy. All that is now changing!  The following counties will now offer a BlueCross BlueShield Affordable Care Act (ACA), also known as Obamacare, health insurance plan:

 Nashville Region

  • Cheatham County
  • Davidson County
  • Montgomery County
  • Robertson County
  • Rutherford County
  • Sumner County
  • Trousdale County
  • Williamson County
  • Wilson County

Memphis Region

  • Fayette County
  • Haywood County
  • Lauderdale County
  • Shelby County
  • Tipton County

With the constant changes and confusion surrounding health insurance, it is easy for Tennesseans to get lost in the shuffle. White & Associates is staffed with Healthcare.gov accredited agents who are available to walk you through your healthcare options, answer questions regarding potential insurance plans and complete the enrollment process. We can help over the phone or in person. Beginning in 2007, we have assisted over 30,000 Tennesseans in obtaining affordable healthcare coverage.

If we can help anyone in your area, please do not hesitate to provide them with our phone number or address. The healthcare.gov website can be a tricky thing to navigate and we can help from start to finish. You need to act fast! You will only have 45 days from November 1 – December 15 to sign up for a health insurance plan.

Toll Free: 1-800-842-1556
220 North Main Avenue
Dyersburg, Tennessee 38024

In today’s market, High Deductible Health Plan (HDHP) and Health Savings Account (HSA) popularity continues to increase as companies look to control rising healthcare costs. However, some employers are still hesitant to offer a HDHP-HSA because they do not fully understand how it may benefit their employees and their company. Often times, if a company does offer a HDHP option, many employees enroll in that plan option because of the lower price, but never set up a Health Savings Account (HSA) to go with it. It is common for employees to focus on their increased paycheck, and miss the opportunity to save for the future and/or meet the higher deductible. Our mission is to help companies and their employees fully understand what a HSA is, how it can be used and how it can benefit them. Today we are going to start with the basics.

What is a HSA

Simply put, a HSA (Health Savings Account) is a tax-favored savings account created for the purpose of paying medical expenses.

Who is eligible?

To get the benefits of a HSA, the law requires that the savings account be combined with a qualified high deductible health insurance plan which usually costs less than other health insurance plans. In 2019, the minimum annual deductible of a HSA-qualified plan for an individual is $1,350 and $2,700 for a family. The out-of-pocket max is $6,750 for an individual and $13,500 for a family. – Please note that you do NOT have to be enrolled in an employer-sponsored plan to have a HSA. Some individual health plans offered through the marketplace or purchased directly from carriers are also HSA-Qualified.

What are the benefits for EMPLOYERS?

  • Reduced Taxes
    • Employer contributions to HSAs are deductible. In addition,  these contributions are not subject to social security tax. This means employers save on every dollar they contribute to a HSA on behalf of an employee.
  • Cost Management
    • HDHPs offer employers a way to reduce premium rates, thereby buffering the rising costs of healthcare, even if they make contributions to HSAs on behalf of their employees.
  • Talent Recruitment
    • HSAs are attractive to workers. Companies of basically any size can afford to offer HSAs and attract talent in a competitive market. Moreover, a cash contribution to employee HSAs is a tangible benefit likely to be extremely popular among employees.
  • Budget Reallocation
    • The money saved by offering an HSA-HDHP plan can be used to tackle other business projects and to help the business grow.

What are the benefits for EMPLOYEES?

  • Triple Tax Advantage
    • Contributions to the HSA are 100% deductible (up to the legal limits listed below) just like an IRA.
      • 2022 Individual Contribution Limit: $3,650
      • 2022 Family Contribution Limit: $7,300
    • Withdrawals to pay qualified medical expenses, including dental and vision, are never taxed. Interest earnings accumulate tax-deferred, and if used to pay qualified medical expenses, are tax-free.
  • Flexible Contributions
    • Employees can change the amount they contribute as needed to accommodate their lifestyle and financial needs.
  • Individually Owned
    • HSAs are owned by the employee. This means that if an employee leaves a company, they can take their HSA with them.
  • Cost Management
    • HSAs provide a way to cover out-of-pocket healthcare expenses until (and even after) an insurance deductible has been reached.
  •  Roll-Over
    • Unlike a flexible spending account (FSA), unused money in your HSA isn’t forfeited at the end of the year; it continues to grow tax-deferred.
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