What Are the Benefits of a Healthcare Marketplace?

What Are the Benefits of a Healthcare Marketplace?

The CDC conducted an interview, and at the time, more than 31.2 million people under the age of 65 were uninsured. There’s no time like the present to look into health insurance.

Not only does finding insurance through the healthcare marketplace provide people with premium benefits, it helps you rest easy each night knowing you’ve got the coverage you need.

We will discuss what these benefits are; we’re also going to fill you in on why choosing a healthcare plan benefits you and your family overall.

Get ready to get your health in check after scrolling through this post.

Why Healthcare Marketplace?

There are several benefits you stand to gain when choosing healthcare through the healthcare marketplace. First, the marketplace is essential because it allows you to find insurance that meets your needs while keeping your budget in mind.

Regardless of the amount you want to spend on your insurance plan, the marketplace offers coverage for:

  • Hospitalization
  • Prescription medication
  • Doctors visits
  • Preventative care

Before choosing your health insurance plan, you’ll fill out an online application. After applying, the portal will automatically show you the plans you and your family qualify for.

It doesn’t matter what state you live in; you’ll have access to the marketplace and healthcare coverage.

Another benefit of having insurance is the ability to save no matter what plan you choose. In 2020, 11.41 million people were signed up for automatic enrollment, saving themselves a considerable amount of money.

With healthcare marketplace, you don’t have to worry about gaps in your coverage. This is mainly because each of our plans is comprehensive and offers you several benefits even before you’ve met your deductible.

With these things in mind, it’s time to take a look into why having a health insurance plan is beneficial in the first place. While it might seem easier to go without, we think there are a couple of facts that might change your mind.

Pay Less for Each Doctor’s Visit

When you have insurance, it may seem as if you never have to pay to see your doctor, but without health insurance, that cost can increase quickly. Depending on what you’re being seen for, the average doctor’s appointment without insurance is between $25-$250.

This also depends on where you’re receiving treatment from, and keep in mind the more severe your condition or illness, the higher the bill will be. When you have health insurance, a portion of your care and potential hospitalizations are covered.

Because of the negotiations performed by insurance companies behind the scenes, clients, such as yourself, benefit by paying lower, discounted rates.

Cheaper Prescription Medication

48.6% of people are on at least one prescription medication that must be refilled when they run out. When your doctor calls in a prescription refill, your insurance covers the majority of the cost.

This means all you have to do is go to the pharmacy and pick up your medication. Without insurance, you might think twice about whether you need the drug or not. With insurance, the cost is lower than it would be without it.

If you require ongoing medication, it’s beneficial to have health insurance to keep prescription drug costs affordable. It pays off if you’re not the only person in your home that requires prescription medication.

If you want to lower medication cost further, you can always speak to your primary care physicians about other brands of medications that don’t cost as much, but get the job done.

There are several off-label prescription medications that you might not have known about without having this conversation with your doctor.

Protection No Matter Where You Go

Do you enjoy traveling and exploring different parts of the world? One thing you never think or want to happen is you or someone you’re traveling with becoming ill during your vacations.

Once this happens, it’s time to see a doctor, but will you be covered?

Choosing health insurance with the marketplace gives you the coverage you need no matter where you travel. To ensure your plan offers the coverage you need, don’t hesitate to speak with one of our trained customer service specialists. 

They’re equipped with the answers you need to ensure you’ve chosen the right health insurance for families.

No More Tax Penalties

In the past, people who didn’t have health insurance faced a tax penalty, but this penalty no longer applies under the Affordable Care Act. With the fear of paying a tax penalty no longer hanging over your head, you can take your time to find insurance that works for you.

Of course, you’ll need to have chosen and enrolled in a plan during the open enrollment period. Due to the pandemic, there have been guidelines put in place for people to enroll if they missed the initial open enrollment period

While you don’t have to get health insurance, if you don’t want to, it will save you from paying an absorbent amount in medical bills when you’re in need of treatment. As the saying goes, you’d rather be safe than sorry.

Healthcare Marketplace: Benefits that Benefit You

The Healthcare Marketplace is designed to ensure everyone who uses it finds a plan covering themselves and everyone in their home. Not only do you get coverage at an affordable price, but you also don’t have to sacrifice any of the care or benefits.

Lower doctors visit costs and cost-friendly prescription medication, there’s a plan that will work for anyone no matter their need. If you’re ready to find the plan for you, get a quote today and start taking control of your health.