Tips For Choosing A Health Insurance Plan

November 13, 2020

If you haven’t applied for insurance on before, here's what you need to know about the Health Insurance Marketplace (sometimes known as the health insurance "exchange").

2021 Open Enrollment runs from November 1 through December 15, 2020

Plans sold during Open Enrollment start January 1, 2021.

The Marketplace is for people who don’t have health coverage

If you don't have health insurance through a job, Medicare,Medicaid, the Children's Health Insurance Program (CHIP), or another source that provides qualifying health coverage, the Marketplace can help you get covered..

  1. If you have job-based insurance: You can buy a plan through the Marketplace, but you'll pay full price unless your employer's insurance doesn't meet certain standards. Most job-based plans do meet the standards.
  2. If you have Medicare: You can't switch toMarketplace insurance, supplement your coverage with a Marketplace plan, or buy a Marketplace dental plan. Learn about Medicare and the Marketplace

What you pay for insurance depends on your income?

Your savings depend on your expected household income for the year.

Get a quick idea if you'll save. Based on your income estimate, we'll tell you if you qualify for:

  • You may qualify for a premium tax credit that lowers your monthly insurance bill, and for extra savings on out-of-pocket costs like deductibles and copayments.
  • The plans are offered by private insurance companies with a range of prices and features.
Medicaid or the Children’s Health Insurance Program (CHIP)

  • Many states are expanding Medicaid to cover all households below certain incomes. See if your state is expanding and if your income is in range to qualify.
  • Your children may qualify for CHIP even if you don't qualify for Medicaid.

You can apply for coverage several ways

Starting November 1, you can apply any way that works for you:

Get in touch with a Access Medical sales rep to get more information

No matter which metal category you choose, you can save a lot of money on your monthly premium based on your income.

Your premium can be lower, based on your income

When you fill out a Marketplace insurance application, you’ll find out if you qualify for these savings. Learn how you can save on your monthly insurance bill with a premium tax credit.

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