Q&A: Health Insurance

Question: #2: How does health insurance work in the US?
I am a non-US citizen and need this information to do a case. Specifically:1) Is health insurance compulsory for everyone? 2) What happens if someone cannot afford it?3) In the event that a medical procedure needs to be done, does health insurance cover all the bills? Does the patient need to pay anything extra? 4) Does the patient have any say over what kind of procedure he can take? Say if 2 treatments are available for his condition, can the patient choose the more expensive treatment? And if so, is it covered by the insurance? Thanks for reading this. Your help in answering any part of the questions would be greatly appreciated!Thanks to those who have responded so far. I would like to further ask:Does a health insurance contract state that it will only cover the "normal" rates for a procedure? For eg. if there are 2 possible treatments for a disease, 1 of which is more expensive but more effective than the other, will the patient only be covered by the LESS expensive one? Or is it a case in which the patient can opt for the more expensive one and "top-up" the difference? This is a crucial question to my understanding the case. Thanks! - asked by synchronised

Answer: ... - answered by: ISOintelligentlife
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Question: #4: Can I reimburse myself health insurance costs frommy company?
We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself.He is paid for by the company, and then it costs extra to add myself and our child.I was just going to deduct health insurance premiums on our Sch A, but we don't have enough other medical expenses to meet the limit.Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks. - asked by Jackie S

Answer: ... - answered by: v b
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Question: #6: How do health insurance tax deductions work for amember managed LLC?
I own a business (LLC) with two other people. It is only us three; we do not have any additional employees. We pay for our health insurance through our business. Based on these facts, I was wondering how much I stand to save on my personal taxes. Is this a standard write off like any other business expense or does the IRS treat health insurance differently? - asked by prizice24

Answer: ... - answered by: HealthQuote360.com
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Question: #8: Am I able to write off Health Insurance Premiumsfor tax purposes at the end of the year?
I am looking to purchase my own health insurance instead of going through my company. I know that the company takes out the cost on a pre-tax basis, but their insurance is not the greatest. If I do decided to sign up for health insurance, will I be able to use the cost of my own health insurance as a deduction fo tax purposes? - asked by Marcus W

Answer: ... - answered by: Chris S
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Question: #10: How to get afforable health insurance for myfamily?
I applied for Antea Health insurance a few months back. I had to cancel it because I was not able to afford the exam they needed for my family. Is there any insurance companies that do not need the exams? I haven't had one in years. I really need to get some insurance because I have a 20 month old son. Any suggestions? I have looked online but I can't afford more than $200.00 a month. - asked by x2hornsx1halox

Answer: ... - answered by: Zarnev
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Question: #12: how can i tell if my health insurance benefits arepre taxed?
Keep in mind, your health insurance premiums can't be deducted if they're taken out of your paycheck as pre-tax dollars. However, after-tax health insurance premiums are deductible, but they still are subject to a limitation of 7.5% of your AGI. If you're self-employed, you may deduct a portion of your health insurance premiums as an adjustment. The self-employed deductible portion is 100% in 2007. - asked by montcoguy0o

Answer: ... - answered by: bostonianinmo
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Question: #14: What Health Insurance do you Recommend forRetiring Cancer Survivor?
My mom is over 60 and she is hoping to retire soon. However, is it true that health insurance costs almost $1000 per month for cancer survivors? She is in remission over 5 years.. She is currently only working to avoid high health insurance costs. - asked by ronald

Answer: ... - answered by: my3lives
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Question: #16: How can I get health insurance for myself andfamily and pay for it as business expense withoutemployees?
I'm a successful part time entrepreneur in California, but I maintain my day job because of the group health insurance they offer. I'd like to cut the apron string and go out completely on my own, but the insurance situation holds these plans hostage.I don't want to buy private health insurance, I would like to structure my one man business so that I can easily purchase group health insurance for myself and family. I'd like to purchase group insurance as opposed to private insurance so that I don't have to deal with preexisting conditions and riders, etc. Since I'm still a sole proprietor, I have plenty of leeway in regards to business structure, and I'm willing to change whatever is necessary to get the best deal possible.How can I get health insurance for myself and family and pay for it as business expense without employees? - asked by Dane C

Answer: ... - answered by: Kelly T
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Question: #18: Why was my health insurance terminated when I am20 and fulltime college student?
I am a dependant on my mother's health insurance from her employer. Recently I was sent a mail requesting a proof of enrollment to show that I am indeed a full-time student. I put in a proof of enrollment that I am taking the 12 units in college, plus I also sent a copy of my schedule for this semester.Today I get a letter saying that my insurance has been terminated and I am no longer eligible because of my age.I thought full time students who are 21 and under can still be placed as a dependant? Is there a chance they just didnt receive my mail? If thats so, then why didnt they state that they didnt receive the required proof of enrollment instead of terminating me for my age?I want to call them but they are closed for the weekend, so any advice from you guys so I know what I am saying when im on the phone with them would be helpful.Btw it is not grades, I have a 3.5 gpa. All those telling me to call them up is useless since I already plan to, what I need is any advice on what to say when I do call them on monday, since they are closed for the weekend. - asked by This Is Not My Real Name

Answer: ... - answered by: sarah314
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Question: #20: How to get an international health insurance for 5days to satisfy the Schengen visa requirements forFrance?
I am traveling to France soon and the Sheghen visa requires me to produce the follow: "A letter from your insurance company (+ 1 copy) stating that you will be covered for any medical expenses, hospitalization and repatriation for at least $45,000 during your stay in Europe." The insurance available on the internet looks fake. Does anyone know any genuine website/ company to get a short stay health insurance from?Thanks. - asked by Neo

Answer: ... - answered by: sk
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Question: #22: What is the best health insurance and lifeinsurance policies to go with?
I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies? - asked by toogood2u03

Answer: ... - answered by: mbrcatz17
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Question: #24: What is the best health insurance and cheapestthat covers medical, dental and vision in Miami,FL?
I am searching to find the best possible health insurance that offers the lowest rates/charges, since I am fed up with my previous one that was too expensive and did not cover may of my visits. I need the insurance that covers medical, dental and vision and that it is for Miami-Dade county, Florida. Does anyone know? Thank you very much! - asked by lyre5

Answer: ... - answered by: tranprez
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Question: #26: What kind of health insurance plans do college andprofessional sports teams get?
Do the athletes themselves have to make copayments and such as that for their own surgeries,doctor visits,etc. like the rest of us do?What about the coaches? Is it the same for them? If I can get some answers from anyone who has worked with health insurance,good! - asked by auntfran8

Answer: ... - answered by: sarah314
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Question: #28: How do I go about getting health insurance?
I work, but I work part time, I have alot going on right now in my life so I don't have time for a full time job. I may be pragrant but I'm not 100% sure yet. So how do I go about getting health insurance? I'm 19 years old, (I know too young to have a child and so forth, but please, I just need to know about the health insurance) Thanks in advance. Oh and I live in Baltimore, Maryland, if that helps. - asked by insert_text_here_okay

Answer: ... - answered by: heaven_forsaken_dark_poet
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Question: #30: How can I get health insurance for my familymember?
My little cousin has absolutely no health insurance, and he has never even been to the dentist. Right now, he really needs extensive dental work. Unfortunately, his parents are ill-equipped to help in this situation, and he is not old enough to get his own insurance (nor is he old enough to work). Basically, it's impossible for his parents to get insurance for him, so I want to help him myself. Since I am not his parent, and our slight age difference makes it impossible for me to pretend to be his parent, I don't see how I can put him on my insurance. He doesn't really speak to his parents, so that makes it even more difficult to coordinate anything with them.I don't make that much money, so I couldn't possibly pay for the work solely out of my pocket. Some sort of financial assistance is simply a must. What can I do to help pay for this dental work? - asked by Jr

Answer: ... - answered by: MostChoice.com
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