FORT LAUDERDALE, Fla., Sep 10, 2013 (GLOBE NEWSWIRE via COMTEX) — First off, there is no such thing as an “Obama Care Plan”. Insurance will be offered by private insurance companies much like they are now. So what’s the difference? The insurance companies must now abide by certain rules set forth by the federal government per the Affordable Care Act. Rules like – can’t deny people for pre-existing conditions, include free preventive care on all plans, and that everyone must have health insurance (just to name a few).
What happens to the individuals who are jobless or whose jobs don’t provide health insurance? Some will qualify for Medicaid, which is paid by the state and the Federal government. Individuals that make too much money for Medicaid, are self-employed, or do not get insurance from their jobs, must pay for their own insurance. Starting October 1, 2013 individuals can start applying for coverage through a qualified market place. Coverage will begin January 1, 2014.
3 Things to Know Before Purchasing a Qualified Health Plan Are:
— All Americans must have health insurance on or before January 1 2014. Having optional health insurance will be a thing of the past. You must either have health insurance through your employer, qualify for Medicaid, be eligible for Medicare (over 65yrs of age), or obtain coverage privately through the individual market. Penalties will be in force for individuals that do not have a qualified health plan in force by January 1, 2014.
— See if you qualify for a subsidy from the government. Individuals that are self employed or don’t have coverage through an employer must obtain coverage through the exchange or through a qualified marketplace. If you don’t qualify for Medicaid, and can’t afford health insurance you may qualify for a subsidy. A subsidy is a tax credit advance from the government to help pay for all or some of your health insurance premiums.
— Speak to a licensed agent/broker for assistance. By speaking to an agent or broker he or she can help determine what you may qualify for. Their services are generally free to consumers. Agents or brokers can be found in your area at www.HealthInsuranceMedics.com
As open enrollment is set to begin, starting October 1, 2013, health insurance as we know will be changed forever. Be prepared and know your options. To see if you qualify for a subsidy or tax credit visit www.InsuranceMedics.com/calculator