Do you want to get empowered to make wiser and healthier decisions for yourself and your family? Then, you must understand these health insurance facts before taking any step. Understanding your options can be a bit complicated when choosing your insurance policy. You probably know that there are many confusing points out there. But you can make smarter decisions about your health insurance needs now and in the future by knowing the facts thoroughly.
Well! We face so many insurance questions. And it is why we have come up with this blog where we tried to answer the most asked questions regarding this topic. So, read them out!
Why Can You Not Get Health Insurance Plan Whenever You Want?
Generally, there is a period called “open enrollment” when you can apply for a new health plan. It runs from November 1 through January 31. People go for the enroll-by window to keep the insurance cost low. Healthy people may wait until they are sick or injured to purchase a plan without a limited enrollment period, driving up the price for everyone.
However, there is an option for special enrollment outside the annual open enrollment window. But, it is possible only when you experience certain life-changing events, like getting married, losing health insurance due to job loss, having a baby, or moving to or within California. Besides, if you qualify for Medi-Cal or your annual household income is at or below 150 percent of the federal poverty level, you can enroll at any time of year.
What Features Make a Health Insurance Financially Smart Idea?
This insurance policy looks like a significant monthly expense because monthly premiums may sound like much money. It is true until you take a look at what health care costs. But with the correct insurance options, you can get a vital financial safety net to protect you from high, unexpected costs like treatments for broken legs, accidents, cancer, etc. You will understand the cost of insurance is reasonable if you think of it as an investment in your overall physical and financial wellbeing.
Well! It is not as expensive as it looks. Covered California negotiates with insurance companies on behalf of consumers to lower costs. Visit our Facebook page now!
Is It Necessary to Pay a Deductible and Copays While already Paying a Monthly Premium?
Typically, there are three components when it comes to the total cost of health insurance. These are- premiums, deductibles, and copayments. Many insurance plans cover both deductibles and copays. But according to the rules, policies with lower premiums have higher deductibles and copays, while those with higher premiums have lower deductibles and copays. As a health insurance company, we help provide consumers the opportunity to choose a plan that best suits their needs by offering a diversity of plans and options.
With the help of Covered California, you may select among four categories (Bronze, Silver, Gold, and Platinum) according to your affordability and requirements. But remember, you are in charge of how much each component might cost by selecting a health plan. So, choose the best plan that works best for your wellbeing. Check out our Instagram page if you have further queries regarding this.
Is It Right to Get Health Insurance When You are Healthy?
In previous days, people used to face many problems regarding this because there was a time when the people were denied health insurance coverage or penalized with higher premiums if they had pre-existing health conditions. But thanks to the Patient Protection and Affordable Care Act for changing the circumstances. And nowadays, you are free from this denial and penalty. So, no one can deny health insurance if you have a pre-existing medical condition. Also, you will not have to pay more because of it. The benefits and conditions will be the same as a regular insurance plan.
In a Nutshell
Hopefully, you have gained detailed information about health insurance, and you will not feel lost while applying for it. And, if you still need some more knowledge, contact us soon. Our professional agents will help you throughout the process, enabling you to choose the best plan for you according to your need and budget. For further details, you may visit our Twitter page now!