Individual & Family Health Insurance is a very important step to remaining financially stable. Since the Affordable Care Act (ACA) went into effect in 2014, your ability to buy an individual health insurance policy from a private insurance company no longer depends on your health status. And Long-term health insurance plans are required to cover the following healthcare services, often referred to as the 10 essential health benefits:
- Ambulatory patient services
- Emergency services
- Maternity and newborn care
- Mental health and substance use disorder services, including behavioral health treatment
- Prescription drugs
- Rehabilitative and habilitative services and devices
- Laboratory services
- Preventive and wellness services and chronic disease management
- Pediatric services, including oral and vision care
Under the Affordable Care Act, you might qualify for a subsidy to help pay for your health insurance. If you qualify, the subsidy can be used to reduce the cost of your monthly premium or can be taken as an annual tax credit. To take advantage of a subsidy you must enroll in a ‘On Exchange” qualified long-term health insurance plan which includes the 10 essential health benefits. To enroll in a long-term health insurance plan, you must enroll during the annual health insurance enrollment period. Which runs from November 1st to December 15 unless you qualify for a Special Enrollment period. As of January 2019, the penalty for not have health insurance was eliminated by the Trump administration.
When applying for an individual health policy, you will be asked questions regarding your age, dependents, and income. Depending on your income, you might be eligible for a subsidy. If you would like to consult with me to review your subsidy eligibility or discuss your insurance options, please fill out the information below or call me at 917-754-0668. Dental and Vision Insurance options and quotes also available.
Short Term health insurance is an option if you do not qualify for a special enrollment. A Short-Term Medical Plan is temporary medical insurance that provides comprehensive protection against unexpected health care health care expenses. Policies can be purchases from 30 days to 12 months. The application process is simple with only a few qualifying questions to answer and coverage can begin as early as the next day.
Short Term Medical Insurance is perfect for individuals who are:
- Recent college graduates
- Between jobs or laid off
- Waiting for employer-sponsored coverage
- Losing dependent status
- Looking for a lower-cost alternative to COBRA
- Recently retired and not eligible for Medicare
- On strike