What is the health insurance marketplace?

What is the health insurance marketplace?

The Health Insurance Marketplace functions kind of like an online health insurance exchange, giving individuals and small businesses the opportunity to evaluate health insurance and make an informed decision about what to buy. Gone are the days of shopping around to multiple providers for health insurance quotes, being restricted to a single, cost-prohibitive plan, or being denied insurance because of a pre-existing condition. The Health Insurance Marketplace is your one-stop shop to find your new health care plan.

What Does the Health Insurance Marketplace Do?
The Health …

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What is Obamacare?

What is Obamacare?

“Obamacare” is a term that generally refers to the Affordable Care Act that was signed into law in 2010. Some people refer to the Affordable Health Care Act as “Obamacare” because it was signed into law by President Barack Obama. The Obama care bill is the first substantial healthcare reform plan since 1965, and it’s aimed at making health care more affordable for American citizens through regulation and federal subsidies.

A Few Key Points of the Obama Care Bill:
The Obamacare act is a 955-page document that …

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What is Medicare?

What is Medicare?

Medicare and Medicaid, two of the most important government health care programs, have long been responsible for helping provide insurance coverage for low-income families and elderly people who are unable to pay for medical care without help. If your family qualifies as low-income under the Affordable Care Act, you may be eligible for health care coverage through Medicare or Medicaid.

What is Medicare?
Medicare is a government health care program designed primarily for people who are 65 and older, although it also covers some younger people with …

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Ten Tips for Selecting a Health Insurance Provider

Ten Tips for Selecting a Health Insurance Provider

Picking a health insurance provider has been simplified by the Affordable Care Act, but it’s still a good idea to be thorough when you’re shopping for your new health insurance policy. Use these tips to narrow down the best health insurance providers and pick your plan:

1.  Find out if you qualify for government aid. If you qualify for Medicaid or government subsidies, this may negate your need to select a health insurance provider, or it may play a role in which provider you pick.
2.  Find …

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I’m Uninsured. Where Do I Start?

I’m Uninsured. Where Do I Start?

If you’re uninsured, health care coverage can seem like an impossible goal. Most people who have no insurance are uninsured because they can’t afford health care premiums. The Affordable Care Act aims to make health care for uninsured more affordable. It also mandates health insurance enrollment, so anyone who chooses to stay uninsured will face tax penalties.

Visit Your State’s Health Insurance Marketplace
Your state’s Health Insurance Marketplace is the place to start shopping for health care for uninsured individuals and families. At the Health Insurance Marketplace, …

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How to Get Health Insurance

How to Get Health Insurance

Affordable health insurance is no longer a pipe dream; with the advent of the Affordable Care Act, millions of Americans have access to transparent, affordable health insurance plans. If you’re ready to compare health care plans and enroll in a new health insurance plan, all you have to do is visit your state’s insurance marketplace.

Visit the Health Insurance Marketplace
The ACA gives the responsibility of managing the Health Insurance Marketplace to each individual state. Every state has its own insurance marketplace, which meets requirements set forth …

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Health Insurance Costs: What to Expect

Health Insurance Costs: What to Expect

Health insurance costs have been a huge focus in the past five years or so within the United States. The cost of health insurance has become a burden that more and more families have been unable to afford, thus denying basic health care to low-income families, or placing the burden of paying for the care on government-subsidized programs. With the Affordable Care Act, low cost health insurance will become more accessible for families across the United States – which is good news for cash-strapped individuals …

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Health Care Terminology 101

Health Care Terminology 101

Understanding health care can be difficult when insurers and the medical industry use a lot of specialized language. These are a few of the most common terms you’ll encounter in health care and insurance:

Claim: a claim is an application for benefits from the insurance company, typically to pay for services of a health care professional

Co-Insurance: the amount that an individual is required to pay for health care services; for example, insurance may pay for 80% of a procedure, leaving the individual to pay for the …

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Benefits of Health Insurance

Benefits of Health Insurance

Health insurance benefits aren’t always easy to quantify. Most people have a vague inkling that it’s good to have health insurance coverage if something goes wrong, but most people don’t expect to need it – or understand how much you could owe if you don’t have it. If you’ve never quite understood what all the fuss is about, here are a few key health insurance benefits:

Save Money on Medical Costs
Unexpected medical costs add up quickly. One of the most important health insurance benefits is the …

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Five Tips for Saving on Health Insurance

Five Tips for Saving on Health Insurance

One of the biggest challenges that families face today is to save on health insurance. If you want to save money or reduce your health insurance costs, look into these low-cost health insurance options and tricks:

1.  Check Whether You Qualify for Federal Programs
If your income is low enough, you may qualify for Medicare or Medicaid, which can help you save a ton on health insurance, or get health insurance if you can’t otherwise afford it.

2.  Find Out if You’re Eligible for Federal Subsidies
The Affordable Care …

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