ACA Case Studies

Posted November 29 2013


ACA Case Studies

 

Did you know the deadline to sign up for January 1st, 2014 coverage in an Affordable Care Act (ACA) plan is December 23rd 2013? If not, you may also be unaware that MHG, a full-service insurance brokerage, is one of the select few brokerages in South Florida that is certified and ready to help clients understand and enroll on the Exchange. We can help you find the ideal plan, one that not only offers you the coverage you need, but is also in your budget. In fact, we have helped many clients find the ACA plan that is right for them, in addition to hearing incredible success stories. 

Here are just a few we want to share with you:  

Real-life Example 1 – This is one of our favorite examples! Our client was paying over $1,600 per month (out-of-pocket) for insurance for herself and her son. Her renewal rate was about to skyrocket to over $2,000 per month. She was faced with limited options, as she has several pre-existing conditions and would be turned down by other insurance carriers if she applied. After reviewing and selecting the right ACA plan, she is now receiving a better plan at a more affordable price – less than $800 per month for her and her son! Her coinsurance remained the same, but her office copays and annual out-of-pocket maximum is less, thanks to this ACA plan. 

Real-life Example 2 – A recent client allowed his insurance plan to lapse over a year ago. Unfortunately, he suffered a stroke shortly after and had no success when trying to apply for other insurance policies because of this pre-existing condition. A stroke falls under automatic decline for insurance until 2014. Starting this past October, we have been able to provide him with quotes for plans that have a January 1st, 2014 effective date. Now, with his new insurance plan, he will not have an exclusion because of the stroke and will not have to wait for treatment related to the stroke. 

Real-life Example 3 - Several employees on our group plans have been able to add their adult children onto their plans since 2010, when specific aspects of the Affordable Care Act went into effect. It no longer mattered if these children were unmarried or students. For many employees who had other children on the plan already, it did not increase their monthly premium. 

Real-Life Example 4 – A recent client of ours was inquiring about purchasing health insurance after finding out she was pregnant. The best solution we could offer her was waiting for a January 2014 effective date with an ACA plan. She did not meet the requirements for Medicaid due to her income and assets. Now, thanks to the Affordable Care Act, she is eligible for coverage, with maternity, starting in January 2014. 

As you can see, many of our clients are benefiting in incredible ways thanks to plans made available through the Affordable Care Act. If you have questions about an ACA plan, or want to review your existing coverage, do not hesitate to call one of our knowledgeable insurance representatives. We can offer you information and guidance regarding the Affordable Care Act and can help you enroll in a plan. Remember, the deadline for January 1, 2014 coverage is December 23rd, so do not delay. Let MHG, one of South Florida’s few certified ACA brokerages, help you find a plan tailored to your health needs and financial situation. Visit mhginsurance.com for more information on ACA plans or call us today at 954-828-1819.