Health Insurance Exchange

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Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

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Health Insurance Exchange

Concept of Health Insurance Exchange:

  • A health insurance exchange is a digital marketplace on this platform consumersliberally compare and purchase individual health insurance plans.
  • There are severalnumbers of private exchanges that areestablished by benefiting companies and health insurance carriers which have grown in recent past years.
  • The exchanges that the consumers are generally hearing about are mostly like the state health insurance exchanges that were established as part of the Affordable Care Act (ACA).
  • State health insurance exchanges are an arena that allows individual consumers and small businesses to freely compare numerous health insurance plans alternatively, and buy the coverage that best suits consumers’ requirement.
  • Under the Affordable Care Act (ACA), every individual and the small-group planis instructed to compulsorily conform to the same regulations, irrespective of whether they are sold through the exchange or off-exchange.
  • Every individual and small-group plan effective on January 2014 or later must cover ten necessary health benefits which include emergency services, preventive services, hospitalization, and several more; these requirements are applicable for both on and off the exchange.
  • But to mention a vital point, consumers are only eligible to sustain premium subsidies and cost-sharing reductions only if they purchase their coverage through the exchange.
  • Open enrollment periods are similar on or off the exchange, and consumers are not allowed to switch from having an off-exchange plan to having an on-exchange plan outside of open enrollment unless consumers possess a qualifying event.

Recent Health Insurance News-November 18th, 2020:

  • Early open enrollment data indicate individual-market enrollment is trending greatly, higher than the previous year.
    • Connecticut’s exchange reported 2,696 early new enrollees on November 13.
    • Washington’s exchange informed more than 6,000 early new enrollees as of November 16. Enrollment in Washington is trending about 4 percent greater than this present time previous year, and higher than a third of the new enrollees have selected one of the new Cascade Care plans that Washington up rises this fall.
    • Pennsylvania’s current brand-new exchange reported that 7,965 new enrollees had registered up for 2021 coverage as of November 15. Another set of 13,258 existing enrollees in Pennsylvania had actively rejuvenated their coverage or shifted to a separate plan for 2021.
  • How is vision care covered under Obamacare?
    • A report was released by the Health Insurance & Health Reform authority on November 13, 2020, which states thatthe Affordable Care Act needs coverage for pediatric vision care as one of the vital health benefits. For children below the age of 19, vision coverage has been added in every new individual market plan, both on and off-exchange. Kids have coverage for glasses, vision screening, eye exams, and contact lenses to correct vision problems.
    • Vision screening for children comes under the group of preventive care, which indicates that it is covered at 0 charges until kids turn 19.
    • Pediatric vision care after vision screening is covered under the ACA; every vision care other than vision screening is allowed to have copays or be calculated towards the deductible or covered with coinsurance.
  • Before 2014, numerous individual plans excluded maternity coverage. Today, all new policies are adding maternity benefits.
    • The report released by the Health Insurance & Health Reform Authority on November 1, 2020, declares that The ACA has been a life-saver for individual health insurance, and maternity coverage is one of the scenarios where the changes are most appropriate.
    • Maternity care is one of the ten extremely necessary and important health benefits that have been recently included in all new individual and small group policies.
    • An expectant parent, fortunately, can now receive coverage in every state during open enrollment or during a special enrollment period triggered by a qualifying event.
    • On a good note, women are no longer charged to have to pay higher premiums as compared to men, despite the fact that all new major medical policy regardless of whether in and out of the exchanges has included maternity coverage.

Shopping on Health Insurance Marketplace - FAQs

Who shops on the Marketplace?

  • If consumers and their families do not have health insurance coverage through consumer’s jobs, they are allowed to opt for a health plan from the Marketplace and invest in their own.
  • Individuals who shop the health insurance Marketplace must compulsorily be U.S. citizens and resides in the United States.
  • Consumers who qualify for Medicare, are not eligible to shop the Marketplace.
  • Individual consumers who are imprisoned are also not eligible.

When can I purchase a plan on the Marketplace?

  • Individual consumers can shop for health insurance during Open Enrollment or a Special Enrollment Period. The Open Enrollment period for 2021 begins November 1, 2020, and ends December 15, 2020.
  • A Special Enrollment Period is open to individuals for 60 days after some life changes such as getting married, moving, or having a baby.

What types of health insurance plans are available on the Marketplace?

  • There are four levels of health plans that individuals can afford on the Marketplace; namely: Bronze, Silver, Gold, and Platinum. Each level contributes to a different portion of a consumer’s health care bills.
  • Individuals would also pay a portion of their health care expenses through their monthly premium, coinsurance, copays, and deductible.

Can I get federal financial assistance?

  • Depending on the annual household income and the number of members present in the household, individuals might qualify for federal financial assistance to succor individuals pay for health insurance.
  • Financial assistance may lower the expense of consumer’s monthly premium.

Content sources:

https://www.healthcare.gov/glossary/exchange/

Compare Individual Health Insurance
ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

Compare Individual Health Insurance
OVERWHELMING STATISTICS
  • 40% receiving health insurance are working-age adults, ages of 18-64.*
    By 2021, this number is expected to exceed 12 million.*
QuickHealthInsurance.com
WHY US?

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

Compare Individual Health Insurance
DISCOUNTS AVAILABLE

Sample Health Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.

Find Local Doctors & Most Popular Plans
14 Years of Integrity BBB Rating A+ SSL Certificate

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

Get 2 Books Free - Health Insurance & Preventing Dementia
PLUS, Receive 2 FREE Books -
Health Insurance & Preventing Dementia

Health Insurance Exchange

Concept of Health Insurance Exchange:

  • A health insurance exchange is a digital marketplace on this platform consumersliberally compare and purchase individual health insurance plans.
  • There are severalnumbers of private exchanges that areestablished by benefiting companies and health insurance carriers which have grown in recent past years.
  • The exchanges that the consumers are generally hearing about are mostly like the state health insurance exchanges that were established as part of the Affordable Care Act (ACA).
  • State health insurance exchanges are an arena that allows individual consumers and small businesses to freely compare numerous health insurance plans alternatively, and buy the coverage that best suits consumers’ requirement.
  • Under the Affordable Care Act (ACA), every individual and the small-group planis instructed to compulsorily conform to the same regulations, irrespective of whether they are sold through the exchange or off-exchange.
  • Every individual and small-group plan effective on January 2014 or later must cover ten necessary health benefits which include emergency services, preventive services, hospitalization, and several more; these requirements are applicable for both on and off the exchange.
  • But to mention a vital point, consumers are only eligible to sustain premium subsidies and cost-sharing reductions only if they purchase their coverage through the exchange.
  • Open enrollment periods are similar on or off the exchange, and consumers are not allowed to switch from having an off-exchange plan to having an on-exchange plan outside of open enrollment unless consumers possess a qualifying event.

Recent Health Insurance News-November 18th, 2020:

  • Early open enrollment data indicate individual-market enrollment is trending greatly, higher than the previous year.
    • Connecticut’s exchange reported 2,696 early new enrollees on November 13.
    • Washington’s exchange informed more than 6,000 early new enrollees as of November 16. Enrollment in Washington is trending about 4 percent greater than this present time previous year, and higher than a third of the new enrollees have selected one of the new Cascade Care plans that Washington up rises this fall.
    • Pennsylvania’s current brand-new exchange reported that 7,965 new enrollees had registered up for 2021 coverage as of November 15. Another set of 13,258 existing enrollees in Pennsylvania had actively rejuvenated their coverage or shifted to a separate plan for 2021.
  • How is vision care covered under Obamacare?
    • A report was released by the Health Insurance & Health Reform authority on November 13, 2020, which states thatthe Affordable Care Act needs coverage for pediatric vision care as one of the vital health benefits. For children below the age of 19, vision coverage has been added in every new individual market plan, both on and off-exchange. Kids have coverage for glasses, vision screening, eye exams, and contact lenses to correct vision problems.
    • Vision screening for children comes under the group of preventive care, which indicates that it is covered at 0 charges until kids turn 19.
    • Pediatric vision care after vision screening is covered under the ACA; every vision care other than vision screening is allowed to have copays or be calculated towards the deductible or covered with coinsurance.
  • Before 2014, numerous individual plans excluded maternity coverage. Today, all new policies are adding maternity benefits.
    • The report released by the Health Insurance & Health Reform Authority on November 1, 2020, declares that The ACA has been a life-saver for individual health insurance, and maternity coverage is one of the scenarios where the changes are most appropriate.
    • Maternity care is one of the ten extremely necessary and important health benefits that have been recently included in all new individual and small group policies.
    • An expectant parent, fortunately, can now receive coverage in every state during open enrollment or during a special enrollment period triggered by a qualifying event.
    • On a good note, women are no longer charged to have to pay higher premiums as compared to men, despite the fact that all new major medical policy regardless of whether in and out of the exchanges has included maternity coverage.

Shopping on Health Insurance Marketplace - FAQs

Who shops on the Marketplace?

  • If consumers and their families do not have health insurance coverage through consumer’s jobs, they are allowed to opt for a health plan from the Marketplace and invest in their own.
  • Individuals who shop the health insurance Marketplace must compulsorily be U.S. citizens and resides in the United States.
  • Consumers who qualify for Medicare, are not eligible to shop the Marketplace.
  • Individual consumers who are imprisoned are also not eligible.

When can I purchase a plan on the Marketplace?

  • Individual consumers can shop for health insurance during Open Enrollment or a Special Enrollment Period. The Open Enrollment period for 2021 begins November 1, 2020, and ends December 15, 2020.
  • A Special Enrollment Period is open to individuals for 60 days after some life changes such as getting married, moving, or having a baby.

What types of health insurance plans are available on the Marketplace?

  • There are four levels of health plans that individuals can afford on the Marketplace; namely: Bronze, Silver, Gold, and Platinum. Each level contributes to a different portion of a consumer’s health care bills.
  • Individuals would also pay a portion of their health care expenses through their monthly premium, coinsurance, copays, and deductible.

Can I get federal financial assistance?

  • Depending on the annual household income and the number of members present in the household, individuals might qualify for federal financial assistance to succor individuals pay for health insurance.
  • Financial assistance may lower the expense of consumer’s monthly premium.

Content sources:

https://www.healthcare.gov/glossary/exchange/

Compare Individual Health Insurance
ASSET PROTECTION

Help protect your savings from the costs of care NOT COVERED
by traditional insurances or Government programs, like Medicare.
It helps you choose where you receive care and avoid the nursing home!

Compare Individual Health Insurance
OVERWHELMING STATISTICS
  • 40% receiving health insurance are working-age adults, ages of 18-64.*
    By 2021, this number is expected to exceed 12 million.*
QuickHealthInsurance.com
WHY US?

Financially strong A.M Best rated insurers with low complaint ratios related to claims will send you quotes directly and promptly. You may also have access to instant rate quotes, and side by side plan comparisons. The service is free, and comes with no obligation. Your privacy is our highest priority.

Compare Individual Health Insurance
DISCOUNTS AVAILABLE

Sample Health Insurance Savings Opportunities

Up to 30% Spousal/Partner Discount

Up to 15% Preferred Health Discount

Up to 5% Small Business Discount

* Discounts are not cumulative and vary by state.