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Texas Health Insurance

Looking to purchase
Texas health insurance?

HCI offers a wide variety of Texas health insurance plans for groups, individuals and families. As a general agent, HCI represents many carriers of group and individual health insurance plans, and we are licensed to represent their full range of products and services. Click on tabs below :

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Individuals & Families

If you currently hold an individual policy, it will be changing in 2014. New plans will take effect in January 2014 and may or may not be similar to what you currently have. You will have the option of purchasing a new plan inside or outside the exchange and you may qualify for a subsidy inside the exchange.

Certain individuals and families will be eligible for subsidies to help offset the cost of health insurance premiums. These premium tax credits can either be used to lower the cost of your monthly premiums or be collected as a lump sum on your federal income tax return. A family of four could earn up to approximately $98,000 a year and still qualify. Not only will your new health insurance be affordable, but it will be guaranteed to offer a basic foundation of coverage so you no longer have to purchase additional add-ons for essential care like maternity care or mental health and substance abuse services.

 

Small Businesses

Starting in October 1, 2013, businesses with fewer than 50 employees may purchase insurance through the exchange and may also be eligible for a tax credit if they purchase insurance through the exchange. If your business currently offers benefits to your employees, you can continue to operate in the same manner that you are now by offering benefits via a carrier outside of the exchange. However, some plan requirements will change based on the new law. For example, health insurance must be offered to employees no more than 90 days after date of full-time employment . The law also requires that you provide your employees with several new documents.

 

 

 

Large Businesses

In 2014, businesses with 50 or more full time equivalent employees (FTEs) will now be required to provide a basic level of insurance to these employees. There are calculations to determine how many FTEs you have, calculations to determine if you should “pay or play,” measuring periods if you have part-time or seasonal employees, calculators to determine if your plan meets the minimum requirement for essential benefits, etc. And as with small businesses, larger employers also have changes in eligibility requirements and required documents to provide to their employees. Now, more than ever, it is critical to keep accurate records on employee work hours to ensure compliance with the new health care law.