Are you wondering if you should purchase health insurance before the Obamacare health insurance exchange closes on March 31st? There are many things to consider when making this decision, many of which you may not be aware of, but could save your family money. While helping thousands of individuals and families enroll in health insurance plans in North Carolina, we found that many nearly missed these key money saving opportunities.
Cost Share Reductions: Save money on out-of-pocket costs
Many people who purchase Obamacare on their own miss an important health insurance savings opportunity by not taking advantage of the a cost share reduction insurance plan in North Carolina. Cost share reduction plans are enhanced silver level plans that help minimize out-of-pocket costs, such as co-pays and deductibles. Cost share reduction health insurance subsidies are available to families who make less than 250% of the Federal Poverty Level (FPL). Without a qualified insurance agent, missing out on cost share reduction savings is one of the most common mistakes people make when they purchase Obamacare on their own or with a government Obamacare navigator.
Subsidies: Save money on your premium
Do you think you qualify for a subsidy? Many people in North Carolina do, but if you answer just one question incorrectly on the healthcare.gov exchange, you could miss out on the subsidy you deserve. The Kaiser Family Foundation estimated an approximate 48% of Americans will qualify for these subsidies. In general, individuals who earn up to $45,960 or families earning up to $94,200 annually, who do not already have access to an affordable plan, qualify for health insurance subsidies in North Carolina. When you work with a qualified, experienced health insurance agent, you can feel confident that you will receive your health insurance premium savings.
Advice: Answers at any time
Is your doctor is included in your health insurance plan? Do you know what expenses will help you meet your deductible or what your out-of-pocket maximum is? Did you know that you will have to pay an Obamacare tax penalty if you aren’t insured by April 1st.Health insurance can be confusing, but these are all important questions that need to be answered when selecting a health insurance plan. If you a uncertain where to find the answers or don’t have the time to research them yourself, working with a professional North Carolina health insurance agent can be the answer. We are highly trained and up to date on recent legislative changes. Plus, we are always here to help if you have questions at anytime throughout the life of your policy.
Don’t want to miss out on any of these savings or opportunities? Give us a call and we can help you decide what the best health insurance options are for your family and walk you through the application process.