The Affordable Care Act means that you are allowed to build and buy your own individualized health insurance policy via health insurance marketplace. You can simply visit your state’s website for individual health insurance marketplace.
The Affordable Care Act (ACA) is sometimes called Obamacare. This completely changed the health insurance and health care policy idea in the country. Multiple individual options mean that everyone can build their own individualized health care plans based on their health care needs.
The best thing about this thing is that no health insurer can reject you, this is restricted by the law. You need to take some things into consideration when you build your own individualized health insurance plan:
- How often do you need to visit your doctor?
- What kind of prescription drugs do you take during the year?
- What hospitals, clinics, doctors do you want to see?
- What kind of health care you may need in the next year?
The federal government has a website, healthcare.gov that includes links to health insurance marketplaces in states. You can personally visit these sites and try to build your own health insurance policy to reduce some possible extra costs.
The most preferred individualized health plans are HMO plans. However, employer-sponsored markets provide PPO’s the most. You can also make comparisons on state health insurance markets.
There are 4 metal levels of average monthly premiums for both individual and family coverage:
Bronze is the most common metal level among individual health insurance holders. The bronze metal level has the lowest monthly premiums, however, it has the highest out-of-pocket expenses. Only 2% of these people enrolled in Platinum levels.
You can also consider getting a Medicare Advantage Plan if health insurance market place is too much for you. Medicare Advantage Plans have simpler work principle since they require the enrolled people to be above 65, after all.