WynneFi

250!

This number may look small but I’m always reminded of what it would be like to have 250 people in a room!

Sorry I have not posted a video/reel in a long time but I appreciate the people who continue to subscribe.

To the 250 people who choose to listen to me about all things business and insurance - it brings me motivation.

Thank you.

To qualify or not qualify?

That's the question

The health insurance marketplace offers subsidies (financial assistance) to those that meet several qualifications but today we are focused on one:

𝐈𝐧𝐜𝐨𝐦𝐞 𝐋𝐞𝐯𝐞𝐥
Your income must fall between 100% and 400% of the federal poverty level (FPL) for most subsidies. However, some individuals with incomes below 100% FPL may qualify for Medicaid or the Children's Health Insurance Program (CHIP) if available in their state.

Let’s focus on a family (2 adults).

𝗦𝘁𝗲𝗽 𝟭: 𝗖𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗲 𝗠𝗔𝗚𝗜
Start with your total (gross) income (wages, self-employment income, interest, dividends, etc)
Subtract deductions like student loan interest, alimony paid and contributions to a traditional IRA or 401(k).
This gives you your AGI (adjusted gross income) which you can also find on your tax return (Form 1040)
Take your AGI and add back any tax-exempt interest income, Social Security benefits (except Supplemental Income, SSI) and foreign earned income with housing expenses (if applicable).
Family size: count yourself, your spouse and anyone you claim as dependent on your tax return

𝗦𝘁𝗲𝗽 𝟮: 𝗙𝗮𝗺𝗶𝗹𝘆 𝗦𝗶𝘇𝗲
Take your AGI and add back any tax-exempt interest income, Social Security benefits (except Supplemental Income, SSI) and foreign-earned income with housing expenses (if applicable).

𝗦𝘁𝗲𝗽 𝟯: 𝗜𝗻𝗰𝗼𝗺𝗲 𝗧𝗵𝗿𝗲𝘀𝗵𝗼𝗹𝗱
For a family of 2 Adults: 100% FPG is $21,060 and 400% FPG is $84,600

𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗖𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗶𝗼𝗻:
$80,000 (gross) - $10,000 (401k contributions) - $6,000 (IRA contributions) + $1,000 (tax-exempt interest income) = $65,000

𝗘𝗹𝗶𝗴𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗵𝗲𝗰𝗸:
This family’s MAGI of $65,000 falls within the FPG range so they could be eligible for subsidies.

Click here to easily see if you qualify: https://www.healthsherpa.com/?_agent_id=patrick-wynne

$0 Out-Of-Pocket cost.

Yes, it's a thing.

We provide it and you can have it.

🏥 Our Care Coordination team connects you with high-quality, lower-cost providers for:

• Labs
• Imaging
• Major procedures

💰The best part?

When using recommended providers, your care can be $0 out-of-pocket!

Why does this matter? 🤔

• You get a team that does the negotiation and due diligence
• You get peace of mind knowing you're getting quality care
• You receive significant savings on your healthcare expenses

With Care Coordination, it's like having a personal assistant for your healthcare needs. When you use a provider we recommend, your care is free!

wynnefi.com

Open Enrollment starts soon!

November 1st 2024. ✅

Are you or your business looking for a new plan?

Affordability is our priority and transparency is our highlight:
- Average savings of $4,000 per employee per year
- 80% Out-of-Pocket Savings
- Care Coordination team (white glove service that offers $0-cost care to you and your employees!)
🔑 We've been beating major carriers by 30% on cost!

Book an educational consultation with me.

Let's find a quote lower than what you are paying!

Click here: wynnefi.com

Why this is important:

Since 1960, US retail drug prices per capita have risen over 1,000%, adjusting for inflation.

Costs in the US are nearly 3x more than those in other high-income countries.

One study that tracked prices for 1,411 generic drugs found that between 2010 and 2015, there were at least 315 occurrences when drug prices rose by 100% or more.

This is a small step in the right direction to make overall health insurance more affordable in the US.

Looking for something more affordable, and accessible?

Go here: wynnefi.com