What Is a State-Based Health Insurance Exchange?

Are you looking for health insurance coverage for yourself and your family? Here’s what you need to know about state-based health insurance. There are two types of state-based health insurance exchanges State-based Marketplace (SBM): States running a State-based Marketplace are responsible for performing all marketplace functions for the individual market. Consumers in these states apply … Read more

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💳 What is an HSA Plan?

An HSA-eligible Health Insurance Plan is a plan that includes a personal savings account for health expenses. An HSA can be an interest-bearing health account used for qualifying medical expenses, with the IRS’s maximum contribution limits set annually. The account holder can contribute to an HSA when enrolled in a qualifying high-deductible health plan (HDHP), traditionally known for lower … Read more

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⚠️ New LOWER rates!

The ‘rescue’ in the American Rescue Plan Act can lower your monthly premiums! But your lower premiums are not automatic! To update your account and get your premiums lowered use this quick form below. Are you stressed about having to pay back some or all of the premium subsidy that was paid on your behalf … Read more

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🆓 Free COBRA

The American Rescue Plan Act and COBRA Assistance in Maine Congress passed The American Rescue Plan Act (ARPA) and it was signed into law on March 11, 2021. Included as part of the sweeping legislation is a program to fully subsidize COBRA coverage for six months starting in April of 2021. ARPA creates a new … Read more

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💵 Lower your monthly premium Quick Form

To update your account and get your premiums lowered use this quick form below. We will update your monthly premium beginning next month using the new rates provided under the American Relief Plan Act of 2021. You will be notified via e-mail within 24 hours of your new rate.

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When to pay your first premium

Important: You must pay your first premium for your coverage to start. To make sure your coverage starts, you need to pay your first premium. Your first premium payment is known as a “binding payment.” That means your health insurance coverage will be canceled if you don’t make a payment by January 1st! Once you … Read more

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How to estimate household income for your marketplace application.

When you fill out your Maine Health Insurance Marketplace application, you’ll need to look into your crystal ball and estimate what your household income is likely to be for the coming year. Marketplace savings are based on your expected household income for the year you want coverage, not last year’s income. You must make your best … Read more

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New HSA Limits for 2021

The IRS has announced higher health savings account (HSA) contribution limits for the 2021 tax year. Starting January 1, 2021, you can save even more and boost your financial well-being in retirement. The 2021 maximum HSA contributions are: $3,600 Individual – $50 increase from 2020 $7,200 Family – $100 increase from 2020 Additional $1,000 Catch-up … Read more

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6 Benefits of choosing an HSA plan

A health savings account can help you lower your taxes and pay for health care expenses tax free! HSA plans in Maine are only available with high-deductible health plans. You can use HSA funds to pay for eligible health care expenses and for out-of-pocket costs your health plan doesn’t cover. 1. Save on taxes Your … Read more

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