If you or your spouse have recently lost employer-covered insurance for your household, you might be wondering what to do next with your health insurance coverage coming to an end. You may be eligible for an Affordable Care Act (ACA) plan. Here is why you should consider ACA plans.
- More affordable: As the name suggests, ACA plans provide more affordable health insurance with more availability to both individuals and families.
- Tax credits: Through the ACA, you might qualify for a subsidy or advanced premium tax credit that is applied to the cost of your monthly premium to reduce the overall cost each month with an ACA plan. This tax credit amount is determined based on your household income and size.
- Lots of options: With your tax credit, you can afford to choose from a wide variety of insurance options that vary in deductibles, out-of-pocket limits, and monthly premiums. You can choose which is best for you and your family.
- Extensive coverage and benefits: Most ACA plans will provide coverage for hospitalization, laboratory services, prescription drugs, maternity coverage, pediatric vision and dental care, ambulance services, hearing aids, outpatient care, emergency services, preventative care, and rehabilitation services while other insurance plans may not.
Here at Jeannie Pierce Insurance Agency, we understand that everyone is different with unique needs, circumstances, and financial situations. We will happily meet with you to help you find an ACA plan or other insurance plan that is right for you and your situation. If you are interested in learning more about ACA plans and getting insurance coverage for you and your family, give us a call today.