Notable Network Awards

Mark Decherd for the month of October 2016 has been awarded the BNI Waterside.

David Mark Decherd Awarded Bronze Star

David Mark Decherd awarded bronze star in the Triple Crown. The bronze star is recognition of sales above and beyond, excellence of service and dedication to the industry.

Health Coverage in The Marketplace by David Mark Decherd

Qualified Health Plans ( QHP) can be found in the marketplace. QHP are Health Insurance  Policies that have meet the CMS standard for 10 different categories of coverage.  Accordingly,  the Marketplace  determine consumers' eligibility for participation in:

-QHP enrollment through  the marketplaces.

-Advanced  payments  of the premium  tax credit.

-Cost-Sharing reductions.

Also, depending on the state in which the consumer resides, the Marketplace may either determine  consumers ' eligibility for Medicaid or CHIP, or make an initial  assessment of eligibility  for those programs and have the State make the final determination.

Tax credits and Cost-Sharing are tools that allow consumers' to reduce their cost of healthcare coverage.

Premium Tax Credit Rule. David Mark Decherd

In general, married spouses must file a joint tax return to receive the premium tax credit and Cost-Sharing reductions. There is one exception to this general rule-consumers who are victims of domestic violence do not have to file a joint return, as contacting their spouse may be dangerous or restricted by the court order.

Marketplace Programs to Reduce Cost . David Mark Decherd

In the marketplace for healthcare, the ACA, there are programs designed to reduce the cost of coverage. These programs provide cost reduction based on an applicant income and other factors.
Advanced Premium Tax Credit and Cost-Sharing Reduction are two such programs. They essential lower the cost of healthcare coverage. The first, the Advanced Premium Tax Credit functions by reducing the monthly premium an applicant would be charged by a healthcare  provider,  because this tax credit would be paid in "advance" to the provider. So for example if your policy cost $395.00 dollars per month and your tax credit was $300.00 dollars per month, you would only need to pay the $95.00 to the provider .

The cost-sharing reduction works a little differently. This reduction effects the out of pocket cost when a policy holder receives service. By reducing or " sharing " the proportion the policyholders would be responsible for.