Fact #1 Open Enrollment for 2015 individual health insurance plans begins November 15, 2014. Fact #2: You may apply for coverage outside the dates of Open Enrollment if you have a qualifying event. Fact #3: All individual and small group health insurance plans effective on or after January 1, 2014 must include coverage for 10 essential health benefits — things like preventive care, well visits to the doctor, hospitalization, etc.
How will health insurance premiums be calculated in 2014, under Affordable Care Act (ACA)? A policy’s premium is the monthly fee paid to the insurance carrier for health insurance coverage. In pre-ACA policies, insurance carriers can charge differing premiums based upon many factors including, most notably, a person’s age and current health status. Today, the premium paid by someone with a medical condition is typically much higher than that of
Update October 2014 – Revised income figures for determining eligibility for 2015 coverage. Click here. Here is a chart to help you determine if you qualify for a health insurance subsidy. (Click here to view larger) Give us a call! We can tell you for sure AND help you obtain the subsidy when you buy your health insurance through the exchange.
States are beginning to release premium rates for policies that will be sold on their health insurance exchanges beginning on October 1. The news can be confusing, however, and subject to interpretation — and “spin”. On a single day in July, for example, the Washington Post ran this headline: “Maryland Issues Insurance Rates That Are Among the Lowest in U.S.” On the same day, the Baltimore Sun ran this: “Premiums