Affordable Care Act Experts
Because it impacts almost every facet of life, health insurance may be the most important coverage in your portfolio. Unexpected medical bills can devastate your finances. Health insurance doesn’t just help you pay for care, it can protect you and your family financially in the event of serious and or chronic illness.
Since care costs are so unpredictable, proper coverage can give you definite peace of mind in knowing you are protected from most of these costs. Proper coverage also means you have options. When you don’t have adequate insurance, you’re at the mercy of the healthcare system, which often means no care at all.
Individual Health Insurance Plans
On March 23, 2010, President Obama signed the Affordable Care Act. This law was designed to bring comprehensive health insurance reforms, hold insurance carriers accountable for costs, as well as give more consumers access to health care.
Each year, there is a period of time called “open enrollment”, which runs from November through January. During this time you can shop and apply for a new health insurance plan if you find your current plan unsuitable. Once open enrollment period ends, you cannot buy or change a plan unless you have a qualifying life event (such as losing your current coverage, getting married or having a baby).
Tax Credits
Consumers are also offered tax credits if their household income falls below established thresholds. The law also requires penalties, based on income or number of dependents, for consumers who choose not to participate in a health care plan.
Until recently, most people got their health insurance from their employer, and those with lower incomes received coverage from the government. But more and more people are buying private health insurance plans tailor-made for individuals and families.
If you find yourself in this position, without a clear understanding of what your coverage should be, talk to the experts at Graham today.
Why choose Our Company?
Because we are an independent agency offering real time health insurance quotes and online applications from multiple health insurance companies, we believe in total transparency. Compare options and then apply online from the convenience of your own home or office.
We can help you simplify what seems complex, and help you choose from quality, competitive health care plans, including:
HMO PLANS
An HMO, Health Maintenance Organization, is a specific type of health care plan that sets out guidelines under which doctors can operate. On average, health care coverage through the use of an HMO costs less than comparable insurance packages.
Major Medical
Provides benefits for most types of medical expenses that may be incurred. Offering more complete coverage with fewer gaps, major medical insurance covers a much broader range of medical expenses—including those incurred both in and out of the hospital—with generally has higher individual benefits and policy maximum limits.
Surgical policies
Most health insurance plans sold today are major medical plans but there are a few hospital and surgical health insurance plans on the market. Surgical health plans often aren't as comprehensive as major medical plans, but are typically less expensive.
Hospital indemnity
A hospital indemnity plan provides a daily benefit for each day you are hospitalized -- and this is paid without regard to the hospital expenses incurred. This daily amount is paid to you and the benefit is triggered simply by confinement as an inpatient.
Dread Disease Policies
Often called “cancer policies,” dread disease policies cover one or more dread disease: cancer, heart disease, or other major malady.
Why We’re Different
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
