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Have You Chosen the Right Healthcare Plan for Your Family?

Have You Chosen the Right Healthcare Plan for Your Family?

Unless you have health care coverage and benefits under your employer, the task now falls to you to select the right healthcare plan for you and your family. Since the passing of the Affordable Care Act (ACA), also known simply as “Obamacare,” it is now mandatory for each person to select a healthcare plan or risk paying a penalty annually at tax time.

So learning the ins and outs of the still-complicated healthcare system is now an urgent necessity. In this post, learn more about how the Affordable Care Act provides you with options so you can choose the right plan for your family.

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An Overview of Obamacare Health Insurance Plans

The federal government’s healthcare website, Health Insurance Marketplace, offers you an overview of how Obamacare insurance plans are structured to work.

For example, there are 5 categories of health insurance plans you can choose from, listed here in order from least amount of coverage (and lowest premium) to highest:

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  1. Catastrophic
  2. Bronze
  3. Silver
  4. Gold
  5. Platinum

There are also different types of plan structures, including these:

  • HMOs (health maintenance organizations). You must use providers that participate in the plan and may need to live in certain geographic areas.
  • PPOs (preferred provider organizations). You can use any provider but will pay less if you use providers that participate in the plan. You don’t need a referral to see a specialist.
  • POS (point of service plans). After getting a required referral from your primary care doctor, you will pay less by using the providers in the plan.
  • EPOs (exclusive provider organizations). You will be covered if you use the providers in the plan’s network.
  • HSAs (health savings plans). You can save up a certain amount annually on a tax-free basis to use for approved health care expenses. Usually, HSAs are a benefit included as part of a health plan.

How to Save Money on a Family Health Care Plan

The Affordable Care Act maintains that financial assistance in the form of a subsidy is available for individuals and families whose income falls below a certain threshold. But in order to get the subsidy applied to your monthly health care premium, you must purchase your healthcare plan through the Health Insurance Marketplace.

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The website will walk you through how to calculate how much of a subsidy you may qualify for by inputting certain personal and financial information. You can then choose whether to apply all of your subsidy, part of it or none of it. You can also reserve part of it to purchase optional dental or vision coverage.

Another way to save money on a family health care plan through the Marketplace is to choose a lower level of coverage. Platinum, as the highest level of coverage, will come with the highest premiums. Bronze, as the lowest level of coverage, will come with the lowest premiums (save for Catastrophic, which is a category only certain individuals are eligible to choose).

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If you choose to work with an insurer, you can get free insurance quotes to decide on the most affordable premium for the level of coverage you need.

How to Decide How Much Coverage Your Family Needs

The best way to determine how much coverage you may need is to take the health history of each family member. You can then start with any ongoing issues that require medical treatment and review each plan to ensure the level of coverage is adequate to address those issues.

It is also important to remember that, under Obamacare, preventative health care services for women have expanded and pre-existing conditions can no longer be disqualified by insurers. Also, in some plans, dental and vision care is automatically provided for minors. In this way, these new plans strive to give you the most coverage economically.

Featured photo credit: pexels.com via pexels.com

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Kevin Faber

CEO Silver Summit

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Last Updated on March 13, 2019

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

How to Get out of a Rut: 12 Useful Ways to Get Unstuck

Have you gotten into a rut before? Or are you in a rut right now?

You know you’re in a rut when you run out of ideas and inspiration. I personally see a rut as a productivity vacuum. It might very well be a reason why you aren’t getting results. Even as you spend more time on your work, you can’t seem to get anything constructive done. While I’m normally productive, I get into occasional ruts (especially when I’ve been working back-to-back without rest). During those times, I can spend an entire day in front of the computer and get nothing done. It can be quite frustrating.

Over time, I have tried and found several methods that are helpful to pull me out of a rut. If you experience ruts too, whether as a working professional, a writer, a blogger, a student or other work, you will find these useful. Here are 12 of my personal tips to get out of ruts:

1. Work on the small tasks.

When you are in a rut, tackle it by starting small. Clear away your smaller tasks which have been piling up. Reply to your emails, organize your documents, declutter your work space, and reply to private messages.

Whenever I finish doing that, I generate a positive momentum which I bring forward to my work.

2. Take a break from your work desk.

Get yourself away from your desk and go take a walk. Go to the washroom, walk around the office, go out and get a snack.

Your mind is too bogged down and needs some airing. Sometimes I get new ideas right after I walk away from my computer.

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3. Upgrade yourself

Take the down time to upgrade yourself. Go to a seminar. Read up on new materials (#7). Pick up a new language. Or any of the 42 ways here to improve yourself.

The modern computer uses different typefaces because Steve Jobs dropped in on a calligraphy class back in college. How’s that for inspiration?

4. Talk to a friend.

Talk to someone and get your mind off work for a while.

Talk about anything, from casual chatting to a deep conversation about something you really care about. You will be surprised at how the short encounter can be rejuvenating in its own way.

5. Forget about trying to be perfect.

If you are in a rut, the last thing you want to do is step on your own toes with perfectionist tendencies.

Just start small. Do what you can, at your own pace. Let yourself make mistakes.

Soon, a little trickle of inspiration will come. And then it’ll build up with more trickles. Before you know it, you have a whole stream of ideas.

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6. Paint a vision to work towards.

If you are continuously getting in a rut with your work, maybe there’s no vision inspiring you to move forward.

Think about why you are doing this, and what you are doing it for. What is the end vision in mind?

Make it as vivid as possible. Make sure it’s a vision that inspires you and use that to trigger you to action.

7. Read a book (or blog).

The things we read are like food to our brain. If you are out of ideas, it’s time to feed your brain with great materials.

Here’s a list of 40 books you can start off with. Stock your browser with only the feeds of high quality blogs, such as Lifehack.org, DumbLittleMan, Seth Godin’s Blog, Tim Ferris’ Blog, Zen Habits or The Personal Excellence Blog.

Check out the best selling books; those are generally packed with great wisdom.

8. Have a quick nap.

If you are at home, take a quick nap for about 20-30 minutes. This clears up your mind and gives you a quick boost. Nothing quite like starting off on a fresh start after catching up on sleep.

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9. Remember why you are doing this.

Sometimes we lose sight of why we do what we do, and after a while we become jaded. A quick refresher on why you even started on this project will help.

What were you thinking when you thought of doing this? Retrace your thoughts back to that moment. Recall why you are doing this. Then reconnect with your muse.

10. Find some competition.

Nothing quite like healthy competition to spur us forward. If you are out of ideas, then check up on what people are doing in your space.

Colleagues at work, competitors in the industry, competitors’ products and websites, networking conventions.. you get the drill.

11. Go exercise.

Since you are not making headway at work, might as well spend the time shaping yourself up.

Sometimes we work so much that we neglect our health and fitness. Go jog, swim, cycle, whichever exercise you prefer.

As you improve your physical health, your mental health will improve, too. The different facets of ourselves are all interlinked.

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Here’re 15 Tips to Restart the Exercise Habit (and How to Keep It).

12. Take a good break.

Ruts are usually signs that you have been working too long and too hard. It’s time to get a break.

Beyond the quick tips above, arrange for a 1-day or 2-days of break from your work. Don’t check your (work) emails or do anything work-related. Relax and do your favorite activities. You will return to your work recharged and ready to start.

Contrary to popular belief, the world will not end from taking a break from your work. In fact, you will be much more ready to make an impact after proper rest. My best ideas and inspiration always hit me whenever I’m away from my work.

Take a look at this to learn the importance of rest: The Importance of Scheduling Downtime

More Resources About Getting out of a Rut

Featured photo credit: Joshua Earle via unsplash.com

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