Bronze Plan


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

Silver Plan

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

Summary of Benefits and Coverage (SBC)

Your health plan’s Summary of Benefits and Coverage (SBC) is a summary of what your plan covers in terms of benefits and cost sharing, and explanations of how everything works. We suggest opening up a Summary of Benefits and Coverage sheet as you follow along. The Summary of Benefits and Coverage PDF can be found… Read More

Health Insurance Quotes

Get health insurance quotes and find out if you qualify for cost assistance from CMS approved brokers and on HealthCare.Gov. Below we will discuss the best ways to get health insurance quotes (HINT: Start at ObamaCare’s Health Insurance Marketplace sometimes called “the Marketplace” AKA HealthCare.Gov). We’ll also give you lots of helpful advice to help ensure you get… Read More

Tips for Getting the Best Health Plan

Here is a quick list of tips for getting the best health plan. No matter how you shop, this list will ensure you don’t over or under-buy health insurance. NOTE: Finding the best health plan for you and your family depends on your family size, income, needs, region, and more. The best plan for one… Read More

Should I Get Health Insurance?

Having Health Insurance means you are covered in an emergency. Not getting coverage could result in big fees for those who wait until taxes are due. Obtaining and maintaining health insurance isn’t just about avoiding a fee, it’s about taking responsibility for your health, knowing you have coverage when you need it, and avoiding the devastating… Read More

Factors that Affect Health Insurance Costs

Let’s take a look at factors that affect health insurance costs for premiums and cost sharing under ObamaCare, including Marketplace subsidies and Medicaid. ObamaCare helps ensure fair health insurance premiums (Sec. 2701), helps curb premium growth, and provides Tax Credits to lower premium costs. The ACA also includes measures to reduce out-of-pocket spending and curb national… Read More

Health Insurance Coinsurance

What is Health Insurance Coinsurance? In health insurance, coinsurance is your share of costs of the allowed amount for a covered service after you reach your deductible. Coinsurance is different from a copay which is a fixed dollar amount for services and is not typically dependent on meeting your deductible. How does Coinsurance Work? Each service or drug that is subject… Read More

Health Insurance Copay (Copayment)

What is a Health Insurance Copay? In health insurance a copay (copayment) is a fixed amount you pay for covered services, typically when you get the service. Copays differ from coinsurance (the percentage you pay for covered services, usually after reaching your deductible). Each plan treats copays and coinsurance differently, so it’s important to understand if… Read More

Health Insurance Deductible

What is a Health Insurance Deductible? Your health insurance deductible is the amount you have to pay out-of-pocket for covered services before your insurance begins to pay. It doesn’t include premiums or costs that aren’t covered by your plan. Once you meet your deductible, your plan will pay its share of your coinsurance. TIP: Your maximum deductible… Read More

Health Savings Account (HSA)

What is a Health Savings Account? A Health Savings Account (HSA) is a tax-advantaged medical savings account you can contribute to and draw money from for certain medical expenses tax-free. HSAs can be used for out-of-pocket medical, dental, and vision. HSAs can’t be used to pay health insurance premiums. HSA’s can only be used with… Read More

File Taxes For ObamaCare

There are several reasons you may have to file taxes under ObamaCare (the Affordable Care Act). Learn how to file your ObamaCare taxes in 2019 and beyond. This section includes tips on: how to make a Shared Responsibility Payment for not having coverage, how to report health coverage known as Minimum Essential Coverage, how to… Read More

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,… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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… Read More

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,… Read More

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… Read More

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… Read More

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