The Health Insurance Market Place

The Health Insurance Market Place

Posted by AskNurseLinda on Dec 4, 2017 10:21 am

0737840da311e3921850d166f69dca8b-huge-isIndividuals seeking insurance might want to check a newer resource. The Health Insurance Market Place is an option for finding insurance that is based on your needs and at a price you can afford. This is a program offered by private insurers through a government supported program. This program is for individuals who do not have health insurance through their work or public funding such as Medicare or Medicaid. If you do have funding from another source, you can obtain a secondary plan to increase your coverage but be careful to make sure that the plan you obtain can act as a secondary.

If you are interested in this type of insurance coverage, you will need to act quickly. The dates for this insurance is coming to a close, December 15, 2017 for most people, although you will see from the following information, that there are some different times for people in different states or if you were affected by the hurricanes.

Think carefully about what your health needs are before you begin your search into the types of coverage offered for any insurance plan. Know what is absolutely necessary such as emergency coverage or extra therapy. Then decide what is mandatory for your needs, what would be nice and what you are willing to pay out of pocket.

Just as with any study of insurance plans, the options will be vast. Determining what matches your needs is much easier if you have created a clear plan. As with many products, side to side comparisons may not be easy to assess. Plans provide information from different views. This is why is it better to know exactly what you will need prior to dipping into the plan benefits. You will discover options that you did not think about as you review the options.

It is easy to quickly become overwhelmed with all of the differences in the plans. Some people find reading about health insurance to be a bit of a dry subject. You might want to read about one plan one night and another at a different time to break it up a bit. You can make a chart of benefits needed and check off as you read. There is a system within the market place to help you pick a plan.

Once you know what you require and would like in a health insurance policy, consider your funds. Everyone would like a deluxe policy that covers all of their needs but few of us have the luxury or the money to cover such a policy. If you know you have a certain amount of money that you can spend on insurance, then look within that price range. Remember that many policies will have co-pays. If you use insurance a lot, you will have to factor the co-pay into your funding.

Figuring out how much you can spend is a challenge when you do not know what illnesses you will be facing in the future. None of us do. However, you can make a fair estimate by reviewing your history. If urinary tract infections have been an issue, you will need to think about how many you have had last year that could be an estimate for this year. You can do the same with all of your healthcare needs. This will not provide an exact number for the future but it will give you some figures to start.

Be sure to look at the IRS.gov website under Health Insurance Market Place for tax information. There is funding available that will assist you to purchase the health insurance policy that you need. Checking this website will let you know if you will need to pay taxes on this assistance. There are some frequently asked questions available on site that will provide some understandable answers. You can also phone or email the IRS to get information that might be easier to understand.

There is a significant amount of controversy with the politics of the Health Insurance Market place. It is available now for benefits in 2018. After that time, the future is uncertain, as it is for many things in life, but for now, this is a viable option for many individuals. Don’t overlook it if you are not in political agreement with it. Use it for your benefit.

The Health Insurance Marketplace dates provided below are copied from information assembled by the Christopher and Dana Reeve Paralysis Foundation. You can also contact the Foundation for more information and direction. Nurse Linda
 
The Affordable Care Act:
Key Dates for the Health Insurance Marketplace

The marketplace is a new way to find health coverage that fits your budget and meets your needs. There are things you can do to start getting ready now, and some upcoming key dates you should mark on your calendar.
November 1, 2017: Open Enrollment starts-this is the first day you can enroll, re-enroll, or change a 2018 insurance plan through the Health Insurance Market place. Coverage can start as soon as January 1, 2018.
December 15, 2017: the last day (in most States) to enroll in or change plans for coverage to start January 1, 2018.
 
California 1/31/18
Colorado 1/12/18
Connecticut 12/22/17
District of Columbia 1/31/18
Massachusetts 1/23/18
Minnesota 1/14/18
New York 1/31/18
Rhode Island 12/31/18
Washington 1/15/18
Enrollment for hurricane areas: 12/16/17-12/31/17
 
Market Place Resources: Healthcare.gov
Marketplace Call Center 1-800-318-2596. TTY: 1-855-889-4325.
Like Facebook.com/HealthCareGov
Follow@HealthCareGov on Twitter
 
Medical Disclaimer
The information in this message is presented for the purpose of educating and information you about paralysis and its effects. Nothing contained in this message should be construed nor is intended to be used for medical diagnosis or treatment. It should not be used in place of the advice of your physician or other qualified health care provider. Should you have any healthcare related questions, please call or see your physician or other qualified health care provider promptly. Always consult with your physician or other qualified health care provider before embarking on a new treatment, diet or fitness program. You should never disregard medical advice or delay in seeking it because of something you have read in this message.

This project was supported, in part by grant number 90PR3002, from the U.S. Administration for Community Living, Department of Health and Human Services, Washington, D.C. 20201. Grantees undertaking projects under government sponsorship are encouraged to express freely their findings and conclusions. Points of view or opinions do not, therefore, necessarily represent official Administration for Community Living policy.

Nurse LindaI'm online in this community every Wednesday from 8-9 PM ET to answer your SCI and paralysis related questions.

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Re: The Health Insurance Market Place

Posted by Jenn on Dec 8, 2017 10:22 am

Nurse Linda,

This was super helpful and informative, and thank you for listing all of the important dates.

-Jenn 

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