Choice Enrollment Blog
Health insurance is essential for most people, but only some understand it. It comes with a lot of words and terms that make people confused about it more than ever.
The costs of healthcare can practically take out everything you have saved in your lifetime. Your retirement dollars will be compromised. In fact, many retirees cannot shoulder all the health care expenses. But, there are ways to help lessen the overall cost of this dilemma.
Group health insurance is insurance that covers a defined group of people, like for example, the members of a society or professional association, or the employees of a particular employer. There are many ways to get group health insurance through organizations or associations. Therefore, anyone is eligible to purchase this kind of insurance even if you are self-employed or don’t work in any company that offers group health insurance.
If you already have health insurance, you’re already reaping the “peace of mind” benefits. Along with that, you won’t also be required to pay for penalties when you file your taxes. But what if you’ve only had coverage for several months in a year? Or you received financial aid from the government to reduce your monthly payments? Here are some things you should know about health insurance and taxes.
The insurance industry in Colorado has a significant impact to the state's economy that extends well beyond its responsibilities to collect premiums and settle claims. It employs licensed professionals, pays taxes, owns municipal bonds and serves people in their time of greatest need.