When it comes to finding the right health insurance policy to cover you and your family, there are now more options than ever thanks to the passage of the Affordable Care Act (ACA), more commonly referred to as Obamacare. With the implementation of this act, a brand new healthcare marketplace was established (along with state health insurance exchanges) to help ensure that all Americans could gain access to affordable healthcare insurance options. That said, Obamacare is not your only option when it comes to health insurance. Before you determine the policy you will purchase, you need to understand all of the options available to you.
The best option for most adults, whether they are seeking individual policies or looking to include a partner and/or children on a policy, is to get health insurance coverage through an employer-sponsored plan. The laws are changing, but generally speaking, companies of a certain size must provide options for health coverage for employees, as well as their families. Smaller companies may only be required to provide health benefits for employees, while even smaller companies may not be required to provide health benefits at all. It’s best to speak with your employer or seek information through Healthcare.gov to determine whether or not you are eligible for such benefits through your place of employment.
If it turns out that you are not eligible for an employer-sponsored health insurance plan, or you are unable to pay for one, there are other options that can help you to meet the legal requirements for mandatory minimum coverage (as set forth by the ACA). Remember, if you’re not in compliance you could face penalties at the end of the year for failure to maintain health insurance coverage. You can, for example, look into insurance coverage offered through private providers. This is likely to be the most expensive option, but you may also have the most options for coverage, including access to the policies you prefer and your doctors of choice.
Finally, you can look into health insurance coverage offered by Obamacare. You can apply for coverage (during open enrollment periods or if you meet qualifying circumstances) through the federal website, Healthcare.gov, or through your state’s insurance marketplace exchange, if your state is one of the many that has chosen to create this platform. All you have to do to enroll is create an account, preview plans and prices, and select the options you prefer (keeping in mind that you may have to qualify to receive certain types of financial assistance).
In addition, you can enroll in Obamacare over the phone, by mail, or in person by finding locations in your area designed to help you research your options through one-on-one interviews. In other words, obtaining health insurance is easier than ever before. It’s important to note that the passage of the ACA has mandated that every citizen carry minimum coverage (as prescribed by the law), so don’t hesitate to explore your coverage options and select a suitable health insurance policy so that you don’t end up paying a penalty for failure to comply.
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