Special Enrollment FAQs: Marriage, Divorce, Birth

Special Enrollment FAQs: Marriage, Divorce, Birth

If you experience a major life event like getting married, getting divorced, or having a baby, you may qualify for a Special Enrollment Period (SEP) to update your health insurance outside the regular Open Enrollment window (November 1 – January 15). Here’s what...
Illinois Employer Health Plan Updates 2025

Illinois Employer Health Plan Updates 2025

Illinois employers face new health plan rules in 2025. Here’s what you need to know: Expanded Coverage Requirements: Mandatory coverage for more medical procedures, including annual cancer screenings, hearing aids for all ages, and mental health counseling for...
Self-Employed Health Insurance Deduction Guide

Self-Employed Health Insurance Deduction Guide

If you’re self-employed, you can deduct 100% of your health insurance premiums for yourself, your spouse, dependents, and kids under 27. This deduction lowers your Adjusted Gross Income (AGI), reducing your overall tax bill – even if you don’t itemize...
How to Avoid Coverage Gaps Between Health Plans

How to Avoid Coverage Gaps Between Health Plans

Health insurance gaps can lead to expensive medical bills and limited access to care. Here’s how to avoid them: Plan for Life Changes: Coverage gaps often happen during job changes, turning 26 (aging out of parental plans), or relocating. Always check when your...
New Illinois Medigap Rules and Enrollment Impact

New Illinois Medigap Rules and Enrollment Impact

Starting May 2025, Illinois is changing its Medigap rules to make switching plans easier and more affordable for Medicare beneficiaries. Key updates include: 45-Day Birthday Rule: Beneficiaries aged 65–75 can switch to a Medigap plan with equal or lesser benefits...