If you are one of the millions of Americans who have received a health insurance policy cancellation notice due to to the PPACA – “Patient Protection & Affordable Care Act” (Obamacare). You do not have to purchase the expensive “Medal” (Bronze, Silver, Gold, Platinum) plans that are offered inside the PPACA – HIX – “Health Insurance Exchange Marketplace”. If you are one of the lucky few who have actually been able to access the HealthCare.gov web site you already know that the cheapest plan available – the “Bronze” plan – exposes couples and families to $12,700 in out of pocket risk each year. And that is if you stay within the limited PPO or HMO networks that these “Qualified Health Plans” offer. We still do not know the risk exposure if you seek treatment outside of these networks. One thing is for certain, your out of pocket risk exposure will be greater out of network.
Whilst it is true that if you qualify you may be better off buying a ‘subsidized’ health insurance plan inside the HIX. Many of us in the “middle class” do not qualify for these subsidies. For we make more than 400% above the Federal Poverty Level. That stated, if your 2013 MAGI – Modified Adjusted Gross Income – (income after deductions and retirement contributions) is less than the following:
$46,960 for an individual
$62,040 for a couple
$78,120 for a family of three
$94,200 for a family of four
$110,280 for a family of five
$126,360 for a family of six
you will qualify for OPM – ‘Other Peoples Money’ – to artificially lower the high cost of PPACA “Qualified Health Plans”. Obama administration officials refer to this money as a ‘subsidy’. Keep in mind, those who are just below those aforementioned levels may still stay pay more in premium than they would for a plan purchased outside the HIX. Find out if you qualify for a ‘subsidy’ by running your own quotes using my private carrier links below:
To run your own quotes for subsidized PPACA “Qualified Health Plans” from Humana click the banner below:
To run your own quotes for subsidized PPACA “Qualified Health Plans” from Aetna click the banner below:
To run your own quotes for subsidized PPACA “Qualified Health Plans” from Blue Cross Blue Shield of Illinois click:
Please note: There is one major difference between my online quote engines and the HealthCare.gov web site. Mine actually work!
Options for those who make more than the aforementioned income levels
Two of the largest health insurers in the nation made a decision early on not to offer ‘Qualified Health Plans” inside the HIX in most other states. Those health insurance carriers are United HealthOne and Assurant Health.
Although these two carriers must still adopt all 10 of the new federally mandated “Essential Health Benefits” in 2014 (they already include 6-8 of them depending on the plan). And, they must also offer guaranteed insurability (no preexisting conditions) to all applicants during two ‘Open Enrollment” periods next year. 1/1/14 to 3/31/14 and 10/15/14 to 12/7/14. The deductible and coinsurance arrangements that they offer to their clients can be different than the standard deductible and coinsurance arrangements included with the “Medal” plans offered inside the HIX but only until December 30, 2013.
This means that their prices are inherently lower than the “Medal” plans sold inside the HIX for those who do not qualify for OPM – Other Peoples Money (subsidies). And, the out of pocket expenses don’t have to be $12,700 for a couple or family. Because these two carriers have made the decision to stay out of the HIX around the country. They are both able to make the following commitment to potential new policy holders who purchase any of their health insurance plans before 12/31/2013.
If you purchase a health insurance policy from either of these two carriers prior to 2014 you will not lose or have to change that health policy and you will not receive a premium increase until December 30, 2014. You will also be able to design your own policy with your own deductible, co pay and other policy features, including HSA (Health Savings Account) qualified plans that after 2014 will be designed by the federal government.
Run your own quotes for 2013 health insurance plans from United HealthOne by clicking their logo below:
If you can not purchase Temporary health insurance in your area using the above link please use the link below: