Get cheap health insurance Exchange rates by easily comparing the best Marketplace prices in your area. You're just minutes away from finding the most affordable medical plans for individuals, families, the self employed, and small business owners. The online quotes we provide are free, and our 35 years of unbiased recommendations, expertise and experience ensure you receive the best prices and will be able to easily enroll online.
During 2017 Open Enrollment, subsidized plans are available from top-rated companies along with Medicaid/Chip options, depending on your household income and size. Both before and after Open Enrollment, special exceptions are offered if you lose qualified coverage, have a baby, move to a different area, get divorced or qualify for many other situations. You can also obtain affordable coverage "outside" of the Marketplace, where the number of available network providers (doctors, specialists, hospitals, Urgent-Care, and other facilities) is often larger. Note: Newborns can obtain guaranteed coverage at any time of the year, regardless of any existing conditions or pending surgery. A "special life event" allows you to qualify for an SEP.
We understand that each applicant has different healthcare requirements, largely depending upon what medical conditions (if any) they are being treated for. Since every insurer now underwrites policies according to new, more consumer-friendly guidelines (non-medical), we shop all of the large reputable companies so you will be matched with the best available offers. Of course, other factors can impact premiums such as where you live, your age and the type of benefits you need. Also, as later discussed, your income will determine the eligibility and level of federal subsidy you receive to help pay premiums. But you will not be denied a policy because of existing conditions, such as diabetes, cancer, or heart disease.
Good Or Bad Health
If you are not in perfect health, or have conditions that require treatment and/or medications, it does not mean you can not purchase coverage. Under the Affordable Care Act (ACA) legislation, your pre-existing conditions are covered and do not impact the premium you pay or the benefits you receive. Marketplace plans are also eligible for an instant federal subsidy that can pay a substantial portion of your policy costs, and possibly the entire premium. You may also find several plans that have a $0 net premium after the instant tax credit has been applied. The subsidy is based on your projected income for the upcoming year, and not your earnings from previous years.
The more dependents in your household, actually the higher your financial aid becomes. In some states, the eligibility requirements for Medicaid have expanded, and more children are eligible for free or extremely low premiums. CHIP benefits are very comprehensive and it is possible for parents to qualify for conventional plans while their dependents qualify for Medicaid or CHIP. Often, the combination of parents having Marketplace coverage, and their children covered through CHIP, creates a very cost-effective combination.
By the end of 2013, your existing conditions (if you had any) no longer played a role in determining the cost of your policy. The main factors now are where you live, your age, the size of your household, and whether you smoke. States like New York, New Jersey and Connecticut still cost more than Ohio and many other states in the Midwest. But several national and smaller regional companies have begun to offer policies in most parts of the country. The result has been more affordable and innovative private policy options.
The New Exchanges
Each state now has an "Exchange," where the top insurers offer coverage. The number of plan options vary, depending on the state, and the approval time is typically streamlined. We guide you through the entire enrollment process so you easily find affordable medical coverage. Most State Exchanges are federally-run, since it is less expensive and more government assistance is provided. Also, several state-run Marketplaces (such as Oregon) have resulted in the failure to properly enroll applicants safely and timely.
You can also purchase policies that are considered "off-Exchange." These plans contain all of the required "essential health benefits" and provide an exemption from paying a non-compliance tax. Major companies (Blue Cross Blue Shield, Aetna, UnitedHealthcare, Humana and others) frequently offer these policies. Premiums are not eligible for subsidies, although the number of available network providers is typically larger than comparable Exchange contracts.
The Marketplace application is short, but there are many confusing questions including income and identity verification. Our experience and expert guidance will speed up the process so you can get coverage quicker and avoid the glitches and delays that have impacted many persons. We not only help you find the right policy, but we'll assist you in the subsidy calculation that reduces your rate.
NOTE: For 2015 effective dates, new software is utilized that uses a "double-redirect" concept, allowing you to complete an application in about 10-15 minutes. A family policy may take slightly longer. The federal subsidy calculation is automatically applied to your quote, so the enrollment process is streamlined.
Regarding the previously-mentioned subsidy, it is applied in the form of an instant tax credit. You do not have to file a tax return to get it, and you won't have to copy a form and send it in the mail and wait six weeks either. It's instantaneous and is applied directly during the initial process.
The Affordable Care Act legislation requires you to buy health insurance. Since it is the law, you will be assessed a tax penalty (2% of 2015 household income) if you don't comply. However, depending on that income, you may pay a very small premium, if your income is low. Of course, if your household income exceeds $96,000, you probably won't receive much tax relief.
Here's a quick example: Let's assume you and your spouse are 55 years old and you have two children in the household. You reside in Champaign County (Illinois) and your approximate household income is $100,000. Since you are not eligible for a subsidy, the unsubsidized premium of the least expensive "Silver" plan would cost $1,192 per month (Blue Cross Blue Shield Solution 4 Plan).
However, if the household income is only $80,000, the monthly premium would plummet to $597, with the help of a subsidy worth about $7,000 per year. A household income of $50,000 would reduce the premium to only $244. Obviously, the qualification of federal assistance has a huge impact on the price you pay. But if your income changes, it's imperative to recalculate your subsidy to avoid a massive tax bill.
Naturally, there are many different scenarios involving four different plan options (Bronze, Silver, Gold and Platinum). The least expensive plan (Bronze) will have higher potential costs if you have a big claim. And just the opposite for the Platinum policy.
We will help you understand the new law, subsidies, tax breaks, and how it impacts the price you pay for your medical coverage. We will also do what we do best. And that's find you the lowest health insurance Exchange prices in your area. The Marketplace was created to provide subsidized plans for low and middle-income consumers. For upper-income households, affordable policies are also offered.