Your health insurance plan can really affect your finances, not to mention your health. When it comes to covered benefits, today's health plans look very similar.
All qualified major medical plans sold inside and outside of the marketplace are regulated by the Affordable Care Act (ACA) and offer the same basic benefits, rights, and protections. All ACA plans count as minimum essential coverage, and will protect you from the per month fee for not having coverage. The main differences you'll find in plans are costs and benefits beyond the minimum standards.
The Health Insurance Marketplace, also called the Federally-facilitated Marketplace or Exchange, is the name of the exchange that the federal government established in South Carolina for the individual market. Plans sold through the Marketplace may be eligible for federal subsidies depending on your income. Every plan available through the Federally-facilitated Exchanges must cover 10 categories of coverage, which are called Essential Health Benefits (EHBs).
If your household income is too high for cost assistance you may want to shop outside of the Health Insurance Marketplace.
Short Term Health Insurance
Short-term policies are a good option for people who are between jobs or waiting for a new employer's coverage to become effective. Unlike regular individual major medical plans, short-term health insurance policies are not regulated by the Affordable Care Act and their sale is not limited to open enrollment windows. With short-term policies, healthy applicants can secure immediate individual and family coverage, with plans that can kick in as early as the next day.
Short-term plans offer a selection of premiums, deductibles and benefit maximums. The policies are considerably less expensive than ACA-compliant major medical plans, so you may find that you can afford to purchase a plan with a low deductible and a high-benefit maximum.
If you're healthy and in need of temporary coverage until another plan kicks in, or if you missed the last open enrollment and need coverage to get you to the end of the year, a short-term major medical plan may be right for you.
Dental care is a very important part of any healthy lifestyle, but because dental insurance or dental coverage is not included as part of standard health care insurance, it is something that is often overlooked or forgotten until it is too late. The rising cost of quality dental care means that dental insurance might be just what you and your family need to ensure that your teeth remain healthy and well cared for.
Each individual and family have different circumstances, please contact us today to evaluate your dental insurance needs and we will work to find the plan the best fits your needs and budget.
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