Second Lowest Cost Silver Plans and Lowest Cost Bronze Plans Explained The Second Lowest Cost Silver Plan (SLCSP) is a plan on each state’s Marketplace used to determine cost assistance for ObamaCare. Likewise, the Lowest Cost Bronze Plan in each state’s marketplace is used to determine affordability. This page covers everything you need to know about Second… Read More
ObamaCare’s Silver Plan is a type of Metal Plan on the Health Insurance Marketplace. Silver Plans qualify for both Tax Credits and Cost-Sharing subsidies. Other Metal Plans include Bronze, Gold, and Platinum. Also, a Catastrophic Plan is available to young adults and to some people with hardship exemptions. HealthCare.Gov, or your state’s Marketplace in states that don’t… Read More
How the American Rescue Plan Impacts the ACA The American Rescue Plan Act increased and expanded cost assistance under the Affordable Care Act (ObamaCare). The Rescue Plan Act included repayment relief for 2020, $0 premiums and lower deductibles for those making up to 150% FPL from 2021-2022, and tax credits for those making up to… Read More
The American Rescue plan Act increases and expands cost assistance under the Affordable Care Act. Up to 29 million Americans stand to benefit from the changes.
Everything You Need to Know About Biden’s HealthCare Plan We explain Joe Biden’s “Protect and Build” ObamaCare plan (AKA the Biden Plan to Protect & Build the Affordable Care Act).The goal of Biden’s healthcare reform plan is to keep most key parts of ObamaCare, improve them, and add in a public option. The plan also… Read More
Under the ACA, health plans are ranked according to metals where the plans are ranked bronze, silver, gold, and platinum. Bronze has the lowest premiums and highest cost sharing, platinum has the lowest cost sharing and highest premiums.
Trump’s move to cut Cost-Sharing Reduction assistance will likely result in lower premiums for those who qualify for Premium Tax Credits on Bronze, Gold, and Platinum plans.
We present a simple list of the pros and cons of the ObamaCare Replacement plan (as found in the The American Health Care Act) that some call TrumpCare.
We review “the American Health Care Act” (The New ObamaCare Replacement Plan) to help everyone understand the proposed changes.
Hey, So I am in NYC and I am looking through all of these plans and there are only a few random Bronze and Silver plans that say “HSA” in the title. But the premiums are very high compared to the “Catastrophic Care Plans.” If it doesn’t say “HSA eligible” does that really mean that… Read More
Updated Cost Assistance Information for 2017 For 2017, shoppers can get three types of health insurance cost assistance under the ACA: Premium Tax Credits, Cost Sharing Reduction Subsides, and Medicaid/CHIP. Below is updated cost assistance information for 2017 plans, including all plans purchased during 2017 open enrollment Nov 1. 2016 – Jan. 31. 2017. TIP: Seniors… Read More
2017 Open Enrollment for ObamaCare starts November 1st and 7 in 10 marketplace shoppers can still get prices as low $75, and 8 out of 10 less than $100!
We explain Scott Walker’s plan to repeal and replace ObamaCare. We compare it to the ACA and examine what it gets right and wrong.
College students have a number of health plan options including the Marketplace, Medicaid, school health plans, catastrophic plans, and their parents plan. Below we take a look at student health options under the Affordable Care Act (ObamaCare). FACT: A university health plan counts as Minimum Essential Coverage for ObamaCare if it’s fully insured or self insured. Aside… Read More
In June of 2014, I terminated my employment and called 1800 ASK Blue to assist in finding an affordable Health Plan. The representative was very helpful and I chose the HMO Silver at cost of she noted I could be approved for a subsidy that bring the cost down to $105.70. We could make a… Read More
If the cheapest employer plan available to you is 9.56% of MAGI for self only coverage you can get ObamaCare’s cost assistance.
All Silver plans offered on the Health Insurance Marketplace offer cost sharing reduction subsidy options. The amount of reduction you qualify for is based on your projected income.
Under the ACA cheaper plans typically have high deductibles, the ACA limits what these can be, but it can still be costly. Here are some tips and tricks.
If you are switching on or off a Marketplace plan, because you lost or gained income, you should be aware cost assistance is based on annual income. A few of our readers have been confused about how ObamaCare’s cost assistance works when getting or losing a job. We break down how cost assistance works with… Read More
The best health insurance plan for an individual or family is going to depend on the income and needs of that family. With that said, many will find a marketplace plan that qualifies for cost assistance to be the best value for them. Very generally speaking the best health plan when it comes to benefits… Read More
If you tried to change your health plan, but the change didn’t go through, here is what you do.
ObamaCare’s Platinum Plan is a type of Metal Plan on the Health Insurance Marketplace. Platinum Plans qualify for Tax Credits and have the highest premiums. Other Metal Plans include Bronze, Silver, and Gold. Also, a Catastrophic Plan is available to young adults and to some people with hardship exemptions. Platinum plans have the highest premiums and the lowest cost-sharing. They only make… Read More
ObamaCare’s Gold Plan is a type of Metal Plan on the Health Insurance Marketplace. Gold Plans qualify for Tax Credits, have high premiums, and generous cost-sharing. Other Metal Plans include Bronze, Silver, and Platinum. Also, a Catastrophic Plan is available to young adults and to some people with hardship exemptions. Gold plans mean higher premiums, less Tax Credits, but much… Read More
ObamaCare’s Bronze Plan is a type of Metal Plan on the Health Insurance Marketplace. Bronze Plans qualify for Tax Credits and have low premiums. Other Metal Plans include Silver, Gold, and Platinum. Also a Catastrophic Plan is available to young adults and to some people with hardship exemptions. All plans offer basic benefits and minimum cost-sharing, Bronze Plans tend… Read More
Understanding the difference between HMO Health Maintenance Organization and PPO Preferred Provider Organization health plan types helps you compare plans to get the right coverage for you and your family. You can learn about the less common EPO Exclusive Provider Organization plans here. Under ObamaCare most plans are either HMOs or PPOs. Knowing which one is… Read More