What is a Deductible in Health Insurance?
A deductible is the amount of money you must pay out-of-pocket before your health insurance coverage kicks in. This means that you are responsible for paying for all medical expenses up to the deductible amount. Once you have met your deductible, your insurance will...
Can You Use Your HSA to Pay for Medically Recommended Diet Costs? Here’s What the IRS Says
“Food is medicine,” says the U.S. Health Department. “Not so fast,” says the IRS. Caught in the middle: U.S. consumers with dietary issues that require special foods or dietary supplements. And unless Congress intervenes, it’s going to be up to the Tax Court to work...
Should Colorado Impose Caps on Drug Prices?
Caps on drug prices seem like a nice idea… if you don’t think about it very much. After all, who could be against more affordable drugs, right? And that’s the reasoning behind the recent decision of the Colorado Drug Affordability Board to move to cap the price of...
Is Medi-Share Tax Deductible?
Since Medi-Share is a health sharing organization, and not a traditional Affordable Care Act-qualified insurance product, your monthly membership costs are not deductible on your individual income tax return. However, since Medi-Share saves up to 50% compared to the...
Message from Wiley Long
President – ColoHealth
Recent Posts
Setting Up a Section 125 Cafeteria Plan – A Colorado Employer’s GuideIn Colorado Health Insurance, Health InsuranceDecember 18, 2024
Maximize End-of-Year Medical Tax Deductions: Colorado Edition (2024)In Colorado Health Insurance, Health InsuranceDecember 11, 2024
Colorado Year-End Employee Benefits Compliance Checklist: Your 2025 GuideIn Colorado Health Insurance, Health InsuranceDecember 4, 2024
Is a Direct Primary Care Physician Right for Your Family?In Direct Primary Care PhysicianDecember 1, 2024
Best Health Insurance Strategies for Small Businesses in ColoradoIn Colorado Health Insurance, Health InsuranceNovember 20, 2024