Out-of-pocket Maximum Limits on Health Plans

Out-of-Pocket Maximums Under the Affordable Care Act The ACA limits out-of-pocket maximums, the max amount of costs for covered services you’ll pay out-of-pocket in a policy period on your health plan. For 2022, your out-of-pocket maximum can be no more than $8,700 for an individual plan and $17,400 for a family plan before marketplace subsidies.…

Catastrophic Health Plans

If you are under 30 or obtained a “hardship exemption” you qualify for a high deductible, low premium, catastrophic plan. Catastrophic health plans are the cheapest plan you can get that counts as minimum essential coverage. Catastrophic plans can be good for those who want cheap, barebones care. Catastrophic plans tend to trade a low…

How to Compare Health Plans

Learn how to compare health plans to get the best deals on health insurance and health care. Compare your health needs with your plans costs and coverage, to find an affordable plan with benefits that are designed to cover you. No matter how you shop, and boy are there a lot of different options under…

How Does Health Insurance Work?

How does health insurance work? You pay a monthly premium and your share of annual out-of-pocket costs, and your insurer pays it’s share of covered costs.  The concept is simple, but getting that perfect health plan takes some brain power and elbow grease.  By taking the time to master and internalize the content of this page,…

Actuarial Value

What is Actuarial Value? Actuarial value is average total of costs for covered benefits covered by a health plan. Let’s look at how ObamaCare’s metal plan actuarial values work and how actuarial value applies to all plans in general. FACT: Actuarial Value (AV) in regards to health insurance was created by the Affordable Care Act to rank ObamaCare’s…

ObamaCare Thanksgiving

Here is our ObamaCare Thanksgiving list of the reasons we are grateful for the Affordable Care Act. Before you read our ObamaCare Thanksgiving list, take a moment to listen to a Thanksgiving message from our President. We are grateful to the Affordable Care Act because: • 8 million got affordable coverage through the marketplace and millions more got covered last…

Washington Health Insurance Exchange

How “Washington Healthplanfinder”, The Official Washington Website for Health Insurance, Works The Washington Health Insurance Exchange, Washington Healthplanfinder, is the official Washington State marketplace for health insurance under Obamacare. You can use Washington Healthplanfinder to apply for cost-assistance, compare prices of plans, change plans and enroll in a plan that best suits you, your family…

Washington, D.C. Health Insurance Exchange

How “DC Health Link”, The Official Washington, D.C. Website for Health Insurance, Works The Washington, D.C. Health Insurance Exchange, DC Health Link, is the official Washington, D.C. State marketplace for health insurance under Obamacare. You can use DC Health Link to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan…

Vermont Health Insurance Exchange

How “Vermont Health Connect”, The Official Vermont Website for Health Insurance, Works The Vermont Health Insurance Exchange, Vermont Health Connect, is the official Vermont State marketplace for health insurance under Obamacare. You can use Vermont Health Connect to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits…

Texas Health Insurance Exchange

How the Texas Health Benefits Exchange Marketplace Works The Texas health insurance exchange will be federally run by HHS after Rick Perry decided not to run a state-based Marketplace in Texas. Although the State will not run it’s own exchange Texans can use HealthCare.gov to shop for affordable health insurance. Texas has the highest percentage of…

Short Term Health Insurance

Everything You Need To Know About Short Term Health Insurance Under the Affordable Care Act Short term health insurance is meant to provide temporary health coverage. Short term plans don’t have to offer all of ObamaCare’s benefits and protections. Pros and Cons of Short Term Health Insurance The pros and cons of short term health…

SHOP Exchange: Small Business Health Options Program

The Small Business Health Insurance Marketplace Employers can use the SHOP Marketplace (Small Business Health Options Program) to get lower costs on group plans and claim tax credits. In 2015, employers with less than 50 full-time equivalent workers (FTE) can use the SHOP. In 2016, the SHOP opens for businesses with 100 or less FTE. FACT:…

Rhode Island Health Insurance Exchange

How “HealthSource RI”, The Official Rhode Island Website for Health Insurance, Works The Rhode Island Health Insurance Exchange, HealthSource RI, is the official Rhode Island State marketplace for health insurance under Obamacare. You can use HealthSource RI to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits…

Qualified Health Plan

What is a Qualified Health Plan? Under the Affordable Care Act (ObamaCare), a Qualified Health Plan (QHP) is a health plan certified by the marketplace to meet new benefit and cost sharing standards. Qualified Health Plans include all the metal plans sold on the marketplace and count as minimum essential coverage. Let’s take a look…

Oregon Health Insurance Exchange

How the Official Oregon Website for Health Insurance Works The Oregon Health Insurance Exchange, Cover Oregon, was replaced by Healthcare.Oregon.gov and HealthCare.gov. See those sites for coverage and cost assistance. Today you can use HealthCare.gov to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits you, your family or your…

New York Health Insurance Exchange

How “New York State of Health”, The Official New York Website for Health Insurance, Works The New York Health Insurance Exchange, New York State of Health, is the official New York State marketplace for health insurance under Obamacare. You can use New York State of Health to apply for cost-assistance, compare prices of plans, change…

New Mexico Health Insurance Exchange

How “BeWellNM”, The Official New Mexico Website for Health Insurance, Works The New Mexico Health Insurance Exchange, BeWellNM, is the official New Mexico State marketplace for health insurance under Obamacare. You can use BeWellNM to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits you, your family,…

Nevada Health Insurance Exchange

How “the Nevada Health Link”, The Official Nevada Website for Health Insurance, Works The Nevada Health Insurance Exchange, the Nevada Health Link, is the official Nevada State marketplace for health insurance under Obamacare. You can use the Nevada Health Link to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan…

Minnesota Health Insurance Exchange

How “MNsure”, The Official Minnesota Website for Health Insurance, Works The Minnesota Health Insurance Exchange, MNsure, is the official Minnesota State marketplace for health insurance under Obamacare. You can use MNsure to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits you, your family, or your small…

Massachusetts Health Insurance Exchange

How “the Health Connector”, The Official Massachusetts Website for Health Insurance, Works The Massachusetts Health Insurance Exchange, the Health Connector, is the official Massachusetts State marketplace for health insurance under Obamacare. You can use the Health Connector to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits…

Maryland Health Insurance Exchange

How “the Maryland Health Connection”, The Official Maryland Website for Health Insurance, Works The Maryland Health Insurance Exchange, the Maryland Health Connection, is the official Maryland State marketplace for health insurance under Obamacare. You can use the Maryland Health Connection to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan…

Kentucky Health Insurance Exchange

How “Kynect: Kentucky’s Healthcare Connection”, The Official Kentucky Website for Health Insurance, Works The Kentucky Health Insurance Exchange, Kynect: Kentucky’s Healthcare Connection, is the official Kentucky State marketplace for health insurance under Obamacare. You can use Kynect: Kentucky’s Healthcare Connection to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan…

Idaho Health Insurance Exchange

How “Your Health Idaho”, The Official Idaho Website for Health Insurance, Works The Idaho Health Insurance Exchange, Your Health Idaho, is the official Idaho State marketplace for health insurance under Obamacare. You can use Your Health Idaho to apply for cost-assistance, compare prices of plans, change plans, and enroll in a plan that best suits…

Types of Health Insurance Plans

The Types of Health Insurance Plans Sold On and Off of ObamaCare’s Marketplace There are four types of health insurance plans available through ObamaCare’s Marketplace. They are Bronze, Silver, Gold, and Platinum health insurance plans. These Qualified Health Plans represent four tiers of coverage and are sometimes referred to as “metal plans” due to their…

What is the Health Insurance Marketplace?

How to Use Your State’s Health Insurance Marketplace to Buy “Affordable” Health Insurance ObamaCare’s Health Insurance Marketplace, or ObamaCare Marketplace, is your State’s price comparison website for subsidized health insurance under the ACA. The following guide will explain the marketplace and how you, your family, and your business can compare health plans and qualify for…