Best Health Insurance Agencies in New York, NY

New York, NY Health Insurance FAQs

• Is it feasible to obtain health insurance in New York City after missing the open enrollment period?

  Yes, even if you missed the open enrollment period, you can still purchase a health insurance policy in New York City within 60 days of a qualified life event. Qualifying life events include childbirth, marriage, relocating to a state not covered by your current insurance policy, losing coverage due to job loss, and being unemployed while between jobs.

• What may your New York City flexible spending account be used for?

  In New York City, you can use your flexible spending account to pay for copayments, health insurance deductibles, insulin, prescription drugs, medical devices, medical equipment and supplies, menstrual care products, and over-the-counter medications for yourself or a loved one. If you break your leg, for example, you can use FSA contributions to help cover the cost of doctor visits and medical supplies.

• Do self-employed health insurance deductions in New York City have any restrictions?

  Yes, an individual's net profit in New York City cannot be greater than their self-employed health insurance deductions. Furthermore, the deductions do not apply to any month in which an individual is eligible to join an employer-sponsored health plan. To claim the deductions, the individual must submit IRS Form 1040 along with Schedule C or Schedule C-EZ to document their self-employment income. Furthermore, for verification purposes, they should keep track of the health insurance premiums they have paid, as well as any supporting documents.

• Does New York City Medicare cover radiation and chemotherapy?

  Yes, if chemotherapy and radiation are required for treatment, Medicare in New York City will cover the costs. It also includes a wide range of cancer treatment options, such as immunotherapy, drugs, and surgery. Be aware that Medicare will not cover all of the costs associated with chemotherapy and radiation. All deductibles and copays must also be paid by the insured.

• Is the cost of open heart surgery covered by Medicare in New York City?

  In New York City, both the cost of open heart surgery and the recovery period are covered by Medicare. You can save money on almost all treatment costs by using Medicare Parts A and B. Part A coverage covers any expenses incurred while receiving treatment in a hospital as an inpatient. Medicare Part B will cover 80 percent of the rehabilitation costs.