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Comparing health insurance quotes is easier than you think. We make it easy for you to find the best policy for you and your family.
The Affordable Care Act – also known as Obamacare – protects your access to quality health insurance by offering subsidized rates. The main difficulty overall is choosing an affordable health policy and whether or not you qualify for cost-sharing measures to lower the price of premiums and minimize out-of-pocket expenses.
But when you need to compare Obamacare health insurance quotes, it's challenging to pick the right policy without seeing quotes side-by-side.
Here's how Obamacareplans.com can help you find the best rates on ACA-approved health plans and how to sign-up and see what your options are!
Obamacare essentially ensures that insurance providers offer reasonable rates for people with modest incomes. Hence, it's vital to remember that the health care law isn't another government-sponsored program like Medicare, Medicaid, and Social Security. The ACA expands access to health care services through increasing access to health insurance, yet it's becoming more difficult to find the right policy for your health care needs without assistance.
With that in mind, here's how Obamacare lowers the price of health insurance to save you money in the long run.
How does the Affordable Care Act lower the price of health insurance?
The ACA lowers a health policy's price through several cost-cutting provisions that make policies more affordable.
Protection against being charged more for pre-existing conditions
Insurance companies can't deny you coverage for pre-existing conditions or charge you more for the same benefits. Before Obamacare became law, a simple pre-existing condition like pregnancy used to disqualify you from receiving the best rates, but now that's not the case.
Capping your out-of-pocket expenses
Before the ACA became law, insurance providers had no limits on how much they could charge you out-of-pocket, but now, there is a reasonable cap on patient costs if you have a way to find the best rates.
No benefits cap
Insurance companies used to be able to place a hard cap on the number of health services they'll cover, so if you reached that cap, insurance providers wouldn't pay for services. Today, insurance providers can no longer cap benefits if you get too sick too quickly.
Cost-sharing to lower premiums
The ACA also created subsidies you can apply for to offset the cost of health insurance. Prior to the ACA, you had to pay the total price of premiums without any cost-sharing reductions, but today, you can receive subsidies to lower the cost of a health policy overall.
Overall, those benefits of purchasing an Obamacare plan are what make metal-tier plans more affordable for everyone.
If you'd like to know more about how much you can save on health insurance, get a quote from Obamacareplans.com to see your options.
How much can you save with Obamacare subsidies?
Generally, the amount of money you can save with Obamacare subsidies varies depending on your household income – and whether or not your home state expanded Medicaid coverage.
If you live in a state that expanded Medicaid, you must have an income below 138 percent of the federal poverty line (FPL) to receive subsidies. But if your home state never expanded access to Medicaid, you can only earn a maximum of 400 percent of the FPL to qualify for cost-sharing.
Also, the actual amount of the subsidy depends on which of the metal tiers you choose. Most people choose a Silver plan because it offers the best balance of costs and benefits, but there are better metal-tier plans available if you need more comprehensive health insurance.
While most full-time workers receive employer-sponsored health coverage, there's no guarantee that those policies will offer the best price. That's why it's so important to shop around for insurance and see whether or not you're eligible for Obamacare subsidies.
The benefits of purchasing affordable health coverage through Obamacare are many, but the catch is that you have to qualify for the best subsidies.
So, if you need a quick, reliable way to compare quotes before applying for subsidies, Obamacareplans.com is an online health insurance marketplace where you can see all pricing information and much more in one place.
All you need to start comparing quotes is to fill out a simple health questionnaire and include your basic contact information.
With Obamacareplans.com, it's much easier to start saving on health insurance and find the right health plan for your needs.
Enter your zip code above to compare Obamacare Quotes today!