Former President Barack Obama envisioned an America where everyone could access family or individual health insurance plans at affordable rates. He created the Affordable Care Act with this goal in mind. It, in turn, had three main missions to complete:
Since then, the Affordable Care Act has undergone a few changes, which have allowed states more control over how they administer the program. In fact, some states now have the right to refuse Medicaid expansion and have done so. Every year, there is an open enrollment period that allows U.S. residents and citizens to apply for family or individual health insurance plans. After this period expires, some events or life changes can trigger a special enrollment period. Generally speaking, when applying for Obamacare, the lower your income and the larger your household, the more tax credits you receive from the federal government. These credits help cover the cost of paying for health insurance. For some people, their monthly bill could be as low as $0
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Sometimes public disasters can cause people to qualify for special enrollment. In other cases, the sitting president can establish a special enrollment period. For example, when President Joe Biden assumed office in 2021, he created a special enrollment period for Obamacare’s family or individual health insurance plans. It started on February 15, 2021, and continued to May 15, 2021. He then re-extended special enrollment to August 15, 2021.
People who live in areas recently affected by natural disasters may also qualify. The Federal Emergency Management Agency has the right to declare a county as eligible for public assistance or individual assistance. When this happens, residents of that county might become eligible for special enrollment. Common natural disasters that could cause this include hurricanes, tornadoes and wildfires.
People often decide not to get health insurance because of the hassle, the cost and the risk of denial for pre-existing conditions. However, a lot has changed in the health insurance industry. If you are not yet convinced health insurance is worth the investment, here are some good reasons to change your mind.
Premium tax credits and state subsidies can do an excellent job of ensuring you have very low monthly premiums. This can save you thousands of dollars in monthly premiums each year. It can also save you thousands in the cost of medical care if your household includes minors, people with disabilities and seniors.
This is not a one-size-fits-all family or individual health insurance offer. There are several different plans to choose from that can fit your financial situation. On one end, you have platinum plans which have higher premiums but lower medical costs. In contrast, there are bronze plans at the other end, which have much lower premiums but higher out-of-pocket costs.
If someone in your family became ill or suffered an injury, would you be able to cover the cost without health insurance? Accidents can happen to anyone and even healthy persons can develop surprisingly serious illnesses. Health insurance provides peace of mind, especially during a public health crisis. Even better, Obamacare protects people with pre-existing conditions.
Access to affordable health insurance can make a big difference in whether people seek out medical care, even when they need it. When your insurance company covers preventative measures, routine procedures and emergencies, you become more likely to invest in your health and your family’s health.
The easiest way to determine eligibility is by using our website and entering your information. Eligibility can vary by state and even the local area. Your household size and annual income further determine your eligibility.
You should also meet the following requirements to enroll in the marketplace:
• Must live in the United States.
• Must be lawfully present as a U.S. resident, U.S. national or U.S. citizen.
• Cannot be incarcerated.
Looking for family or individual health insurance can feel overwhelming. That’s why we simplified the process into three easy steps.
Do you still have questions about family and individual health insurance plans? Need help picking one that is right for your needs?