ACA Health Insurance: Finding Affordable Coverage
Many Americans struggle to afford employer-sponsored health insurance plans. If you’re in this situation, you may be wondering about your options for government-subsidized coverage. HealthCare.gov is the marketplace where you can shop for an Affordable Care Act (ACA) plan. ACA plans are available to individuals and families that do not qualify for Medicare, Medicaid, or employer-sponsored insurance.
ACA Plans
ACA plans are offered by private insurance companies and come in four metal tiers: Bronze, Silver, Gold, and Platinum. Bronze plans have the lowest monthly premiums but the highest deductibles and out-of-pocket costs. Platinum plans have the highest monthly premiums but the lowest deductibles and out-of-pocket costs.
Eligibility
To qualify for an ACA plan, you must be a U.S. citizen or legal resident and not have access to affordable employer-sponsored insurance.
Costs
The cost of an ACA plan depends on your income, family size, and the plan you choose. You may be eligible for premium tax credits to help lower your monthly costs.
Coverage
ACA plans must cover a comprehensive set of essential health benefits, including:
Doctor visits
Hospitalization
Prescription drugs
Mental health care
Maternity care
Enrollment
Open enrollment for ACA plans runs from November 1st to January 15th. You can enroll in a plan during this time period. If you miss open enrollment, you may be able to enroll in a plan during a special enrollment period if you experience a qualifying life event, such as losing your job or having a baby.
Our Licensed Agents at American Insurance Brokers Can Help
If you’re considering an ACA plan, we recommend that you seek the assistance of one of our licensed insurance brokers. Our brokers can help you understand your options, compare plans, and enroll in a plan that meets your needs and budget.
Call us today at 800-410-8020 to speak with an licensed agent who can help you find an affordable ACA health insurance plan.
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Reach out to us for free expert insurance advice and solutions. We will help you solve ACA (Obamacare) related questions and problems. Will contact you within 24 hours of receiving your message.