For Americans who are not offered health insurance through their employer, an individual or family health insurance policy is a necessity. Not only does it protect against rising medical costs, but it also ensures that proper medical attention is received during an injury or illness.
Under the ACA or Affordable Care Act, Americans are required to have health insurance that is deemed ACA compliant. If an individual does not have health insurance he or she is penalized $695 a year or 2.5% of his or her income. Families of 3 or more are on the hook for $2085 or 2.5% of their income, which ever is greater.
Types of Health Insurance Plans
While most health plans offer comprehensive coverage, it is important to understand if your plan is a true major medical policy or a short term medical policy. The benefits of both these policies can sometimes be confusing. In our experience working with an agent is the best way to find the policy you are looking for. An agent is familiar with plan benefits and has years of feedback from his or her clients. This information provides great insight when choosing a family health insurance policy.
What about Obamacare?
Obamacare is the street name for the Affordable Care Act. Under the Affordable Care Act (Obamacare) some Americans have access to Federal Subsidy money to help pay for health insurance. ACA Compliant plans are three times more expensive than health insurance used to be. For many families the only way to afford this coverage is through government subsidies that are paid out to the health insurance companies on your behalf. For families with modest incomes, this is a great tool to obtaining coverage. Our agents can assist in obtaining this money for eligible applicants.
What about the Health Insurance Marketplace?
The Health Insurance Marketplace is a shopping portal for theoretically obtaining insurance. The site has poor design which has lead us to advise shoppers to stay away from it. Our agents at QuoteFinder.Org are Federally Facilitated Marketplace Agents. This means our staff can help you obtain federal subsidy money and help you shop for your health insurance. It is no cost to work with us, as we are certified to assist people in search of health insurance.
My Family Health Insurance is $1200 a month. I’m not eligible for Obamacare?
While Obamacare helps lower income households, the ACA is very damaging to some of the hardest working Americans. For example a husband and wife who both work may find they have just enough income to not be eligible for any assistance. This family often times has car payments, mortgage payments, college tuition, and countless other bills and may not have $15,000 a year to dedicate toward a marginal health insurance policy. These are the clients we help the most as we can show alternative options.
Our best advice is to understand buying health insurance in the United States is extraordinarily complicated. Our agents can quickly learn about your situation and show you viable options to obtain coverage.
To check on individual or family health insurance request a free quote!