Also called Obamacare, the Affordable Care Act provides medical insurance for Americans who do not qualify for employer-provided health benefits. ACA coverage is available in several levels of guaranteed issue (meaning you will not be denied coverage based on factors like your medical history) plans suited for different needs and budgets. Basic coverage areas include medical and hospital expenses as well as prescription drug coverage, preventative care services, pediatric services, and more.
Individual major medical plans are available on the healthcare marketplace during a period called open enrollment, which usually lasts from the beginning of November until the middle of December, with plans coming into effect January 1 of the new year. Outside of the open enrollment period, you may still purchase a plan if you qualify for a special enrollment period. This usually means you’ve had a “qualifying life event” that requires changes to your insurance plan, such as getting married or having a baby, moving zip codes, or leaving your parents’ insurance.
Navigating the healthcare marketplace can be difficult for many. That’s why our agents are here to help you determine the best plan for your budget and help you get the affordable care you need.