Health Insurance for Individuals and Families
Are you looking for a health care plan through the Affordable Care Act Marketplace? We’ve got you covered. Bobby Brock Insurance helps individuals and families find affordable, reliable coverage that will fit their needs. Plus, the recent Inflation Reduction Act of 2022 has allowed many families to find coverage for even lower monthly premiums.
What Are ACA Plans?
ACA plans are also referred to as Obamacare and are sold on the Marketplace or Exchange. Individuals and families can enroll in an ACA plan rather than an employer-sponsored or private plan. Pre-existing conditions won’t prevent you from enrolling in an ACA plan. In addition, many people receive tax credits and subsidies to reduce their premiums.
HMO vs PPO: Which Insurance Plan Is Right for You?
You’ve got options when it comes to health insurance. The most important thing is to understand the type of plans available, so you can pick the one that fits your and your family’s needs. Two of the most common plan types are Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs).
HMO Insurance
HMO insurance plans require members to get care within their network of doctors and hospitals. You will only have coverage if you stay within the network. You’ll select a primary care physician who will coordinate all the care you receive, even from specialists. Usually, HMO plans are cheaper than PPO plans.
PPO Insurance
PPO insurance plans also use networks but give members more flexibility. You can receive care outside the network, though you might pay more if you choose to do so. You won’t have to choose a primary care physician or obtain referrals to see specialists.
How Much Do ACA Plans Cost?
Your household income dictates your monthly premium. You’ll answer questions about your income during the application process. At that time, you’ll find out if you’re eligible for premium tax credits. You’ll also have deductibles, coinsurance, and copayments, all based on which plan you choose. Plans are categorized by metal tiers. Platinum plans offer the most coverage, with Gold, Silver, and Bronze following.
When Can I Enroll?
The Affordable Care Act has an annual open enrollment period that begins November 1 and ends January 15 in most states. However, many people qualify for a Special Enrollment Period. If you’ve had a sudden life change, you can enroll in an ACA plan at any time of the year. Some qualifying life events include a change in employment, marriage, divorce, moving to a new city, and having a child.
Get Help Choosing Health Insurance
Health insurance is confusing. The good news is that you don’t have to do it alone! The independent insurance agents at Bobby Brock Insurance will guide you during your selection, taking the time to understand your health needs and budget.
