Insurance

How to save when acquiring a insurance plan

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October 5, 2020

There are several ways you can save money in the HealthInsurance Marketplace. How you save, and how much you save, depends on several things, including family size and income.

7 ways to save in the Health Insurance Marketplace?

  1. You may be able to get lower costs on your monthly premiums when you enroll in a Marketplace health insurance plan.
  2. You may qualify for lower out-of-pocket costs for copayments, coinsurance, and deductibles.
  3. You or your child may get free or low-cost coverage throughMedicaid or the Children’s Health Insurance Program (CHIP).
  4. You can’t be charged more for a pre-existing condition or because you are a woman.
  5. You may be able to be covered on your parent’s insurance plan if you’re under 26.
  6. You may be able to buy a lower-premium “catastrophic”coverage plan, if you’re under 30.
  7. Small businesses may qualify for the expanded small business health care tax credit.

How will I know what I qualify for?

When you fill out your Health Insurance Marketplace application, you’ll find out how much you can save and what coverage you’ll qualify for. Here are some important things to know about getting lower costs on coverage:.

  • Most people who apply will qualify for some kind of savings.
  • Open enrollment starts November 1, 2020 and coverage starts as soon as December 15, 2020.
  • Marketplace plans and prices will be available on November 1.
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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