Health Insurance – Affordable Care Act & Private Health Insurance

Over the last several months, I wonder how many times you have heard to visit healthcare.gov for your health insurance? In fact, I wouldn’t be surprised if you didn’t realize that you can purchase health insurance through private health insurance companies. And, I’d be willing to bet (if you don’t qualify for a subsidy) you may prefer plans through a Private Health Insurance Exchange.

Our friends at the Kaiser Heath Network published an article last week, outlining some of the “dangers” of the public health insurance plans, specifically in-network vs. out-of-network. The plans offered on the public health insurance exchange generally offer a trade-off… lower premiums for a limited  network of providers. If you go out-of-network you pay.  Here’s the catch. The Affordable Care Act limits how much you pay out-of-pocket for health insurance, but these limits typically only apply to providers in your network, which means if you go out-of-network your limits may not apply. Also, the law dictates that preventative, cancer screenings and annual check ups are covered, but if you go to an out-of-network provider you can be charged.

If you have or are considering signing up for a health care plan under the Affordable Care Act, we urge you to fully understand what you are signing up for. Health insurance is tricky to navigate. There are a lot of tricky industry terms and complex clauses. If you do not qualify for a subsidy, a Private Health Exchange will offer you a variety of plans with a larger network of carriers and providers to choose from.

If you are uninsured, time is running out. Get a free quote today!

Do you qualify for a subsidy? If so, access quotes and apply online through the button below. If you are unsure, explore the calculator below.

healthcare.gov

 If you do not qualify for a subsidy access quotes and apply online here.

Private Health Exchange

 

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Is a Health Savings Account for You?

Health Savings Accounts and You!

First you may asking yourself, what is an HSA? An HSA is a Health Savings Account that works together with high deductible health insurance plans.  An HSA will provide you with opportunities to save for current and future health care. A high deductible health plan will cost less, but can still provide quality coverage for your family.

Is an HSA a solution to help you save money and meet Health Insurance requirements?

  • Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA.
  • HSA’s are beneficial for individuals who are self-employed or those whose employers do not provide health insurance.
  • Money in an HSA is tax-deductible, growth is tax-deferred and as long as the money is used for a qualified health need you will not be taxed on the money.
  • HSA funds are not use it or loose it. Funds rollover year after year.

Health Insurance Solution

In 2014, you can contribute up to $3,300 for an individual or $6,550 for an individual with family coverage.

A high deductible health insurance plan is defined as a health plan with an annual deductible of not less than $1,250 for self coverage or $2,500 for family coverage and must not exceed $6,350 for self-only coverage and $12,700 for family only coverage.

Call us today toll-free at 855-533-1776 to learn if a HSA may be right for you.

 

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