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The Marketplace is a new way to find quality health coverage.It can help if you don’t have coverage now or if you have it but want to look at other options. With one Marketplace application, you can learn if you can get lower costs based on your income, compare your coverage options side-by-side, and enroll.

When you Apply

When you use the Health Insurance Marketplace, you’ll fill out an application and see all the health plans available in your area. You’ll provide some information about your household size and income to find out if you can get lower costs on your monthly premiums for private insurance plans. You’ll learn if you qualify for lower out-of-pocket costs.  The Marketplace will also tell you if you qualify for free or low-cost coverage available through Medicaid or the Children’s Health Insurance Program (CHIP). Most Americans will be eligible to use the Marketplace. Learn more about Marketplace eligibility. The Health Insurance Marketplace is sometimes known as the health insurance “exchange.”

How to Apply

You can apply for Marketplace coverage 4 ways: with a paper application, online, by phone, or in person with the help of a Navigator or other qualified helper. Telephone help and online chat are available 24/7 to help you complete your application. You can a copy of the application. Get details about all 4 ways to apply for Marketplace coverage. Plans and prices are now available. Coverage starts as soon as January 1, 2014. Open enrollment ends March 31, 2014. Learn about your options if you need coverage that begins before January 1, 2014.

 Find the Marketplace in your state

While all insurance plans are offered by private companies, the Marketplace is run by either your state or the federal government.

How will the Information be presented

The Marketplace simplifies your search for health coverage by gathering the options available in your area in one place. You can compare plans based on price, benefits, and other features important to you before you make a choice. Plans will be presented in five categories – bronze, silver, gold, platinum, and catastrophic – to make comparing them easier. In the Marketplace, information about prices and benefits will be written in simple language. You get a clear picture of what premiums you’d pay and what benefits and protections you’d get before you enroll. Compare plans based on what’s important to you, and choose the combination of price and coverage that fits your needs and budget.

Make sure to preview plans and estimated savings

Before you fill out a Marketplace application, you can do 2 things to learn your options: 

Use a cost and savings calculator to see if you may qualify for lower costs based on your household size and income.

Preview plans and prices available in your area. Note: Prices shown do not account for any savings you may be eligible for based on your household size and income.

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This week, Nationwide Biweekly Administration announced its recent Accreditation by your Better Business Bureau of Dayton/Miami Valley, Inc. As a BBB Accredited Business, Nationwide Biweekly Administration is dedicated to promoting trust in the marketplace. Its Accreditation will help people understand who the organization is and the core values it believes in. You can check out Nationwide Biweekly Administration’s BBB reliability report by visiting www.bbb.org or calling (937) 222-5825 or (800) 776-5301.

John North, BBB president and CEO, says, “BBB Accreditation is an honor. It’s voluntary and Accredited Businesses must meet and maintain your BBB’s Standards of Trust, a comprehensive set of policies, procedures and best practices representing trustworthiness in the marketplace. The standards call for building trust, embodying integrity, advertising honestly and telling the truth, being transparent, honoring promises, being responsive and safeguarding privacy.”

He continues, “Businesses that meet your BBB’s high standards are invited to apply for Accreditation. Applicants undergo a review process and ultimate approval by your BBB’s Board of Directors. According to Princeton Research, seven in ten consumers say they are more likely to buy from a company designated as a BBB Accredited Business.”

“We are proud to have met your BBB’s high standards and we’re excited to be part of an organization that exists so consumers and businesses alike have an unbiased source to guide them on matters of trust,” said Daniel Lipsky ”We value building trust with our customers and our Accreditation gives our customers confidence in our commitment to maintaining high ethical standards of conduct.”

Daniel Lipsky continues, “Our Accreditation signifies our commitment to customer service, reliability and trust. For any organization to excel in today’s environment, it’s critical it be fully committed to excellence. Our acknowledgement by your BBB aligns with and supports our efforts of providing superior service in the marketplace.”

About Nationwide Biweekly Administration

Nationwide Biweekly Administration is one of the nation’s largest and most recognized administrators for biweekly programs. Through their Interest Minimizer Program, NBA processes billions of dollars worth of mortgage payments for hundreds of thousands of customers. All payments are securely processed through the Federal ACH Banking System with their banking partners.

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A Visual Guide to Budgeting

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Understanding this situation, the U.S Department of Education together with the Consumer Financial Protection Bureau launched the Know Before You Owe project to design a simplified financial aid form to be used this aid year.

This standardized financial aid award template is a tool provided to students to help them understand and compare the costs of different colleges before they make the final decision on where to attend college. This way, students will be able to understand college costs, figure out how much student loan debt to take on and make smart choices.

Not all colleges are using the federal shopping sheet, but students and families can still take advantage of this standardized award letter. A free online tool called College Abacus allows students to recreate confusing financial aid letters into easy-to-understand shopping sheet format.

Do you think this financial aid shopping sheet is helpful to students and their families?

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You can never teach your children about money too soon!

You may have noticed, children may act as money grows on trees! Kids may be aware that you go to the bank to get money, but rarely they know how the money gets there. This is the perfect opportunity to teach your kids that you have to work hard to earn the money that you spend. Once they understand this concept they may become aware of the hard work you put in to earn a living.

Once they learn, they will apply

After your kids learn about money, how its earned, and the things it can buy; you might notice they will save every penny they can get their hands on.  As a parent it is your responsibility to channel the attitude to teach them to save and learn delayed gratification.

-Planting the seeds early will help bear fruit later

Educate your children from a young age on how money is earned and how it works. By doing this you can avoid trying to teach them as teenagers, when they are less likely to heed any kind of advice you give.

Allowance can be an effective teaching tool

Giving your kids a small amount of money at a young age will prep them for the larger future numbers to come.

The teaching game changes with Teenagers and College-age kids

By the time the kids reach this age group they will most likely have bigger responsibilities such as: Checking accounts, Credit Cards, and other debt. Teaching the kids about banking and credit while in high school will set them on the path of success when they venture out on there own. High School, a lot of times, will off classes covering banking, financing, and the market. Teach your children to take advantage of these resources.

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• Apply for Financial Aid. Most students, regardless of financial status qualify for a type of financial aid, so there’s no good excuse not to fill out Free Application for Federal Student Aid (FAFSA) form. Look for free money first such as scholarship and grants, and then seek other types of financial aid packages to cover other educational expenses.

• Stick to a budget. Determine how much money you have and examine your expenses. Create a budget by making your own spreadsheet or by downloading a template online. After you have finished creating a budget, do your best to stick to it. Bear in mind that it is not about how much money you have, but about how you stick to your budget.
  

• Apply to more than a couple of colleges. Applying to multiple schools will give you more options and will enable you to compare college costs and financial aid packages.

• Save money on textbooks. Purchase books early and opt for used books, which can be a lot cheaper than new ones. You can also look for cheap books- new or used – online.

• Make extra money. Look for part-time jobs to keep income flowing. You may also want to sell your old, used textbooks to other students. Remember to put your earnings in a savings account.

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