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Affordable Care Act Health Coverage: Dispelling the Myths and Providing Facts and Information that May Benefit You

Posted November 29 2013


ACA Health Coverage

 

There are many questions today regarding the state of things as it pertains to health care coverage in the United States, and the Affordable Care Act has been a major focus when it comes to health insurance. MHG Insurance Brokers is an approved ACA insurance brokerage, and we would like to educate our clients about the Affordable Care Act and the health plans that have been created under it. The goal of MHG Insurance Brokers is to put our clients in an informed position so they are able to define their family’s coverage needs, as well as choose an appropriate health plan that would deliver the greatest benefit to them.  

Common myths and questions exist about the ACA Health Insurance plans. An example of one myth that MHG Insurance Brokers’ Insurance Specialists have come across relates to out-of-pocket obligations:

  • “The Bronze plans have a sizeable out of pocket obligation that must be met by its subscribers.”

The fact is that the maximum out of pocket is $6,250 for individuals, and $12,500 for families. The 2014 cost sharing limits for individuals ($6,350), and for families ($12,700), will change each year. Small group plans and grandfathered plans have different cost sharing limits. All metallic plans - Bronze, Silver, Gold or Platinum - follow the same limits, but each differ in the percentages that the insured pays until those limits are met.

A common question regarding ACA Health Insurance plans:

  • Who qualifies for catastrophic coverage?

Individuals who are under 30 years of age and can prove financial hardship may qualify for this coverage. However, many other notable, affordable coverage options are available presently. 

MHG Insurance Brokers has many years of experience, the best industry resources, and access to a multitude of insurance carriers. MHG is proud to offer clients the best, most comprehensive plans on the market. When you work with one of MHG Insurance Brokers’ insurance specialists, he or she can provide you with detailed information about the following:

  • ACA Exchange coverage plans and the plan types available
  • Dental and Vision coverage
  • Life Insurance
  • Long Term Care coverage
  • Supplemental medical coverage
  • Medicare plans
  • AFLAC plans

MHG Insurance Brokers will be happy to discuss your insurance coverage needs, and then determine which plans would be the best fit for you and your budget. The insurance specialist that you work with will assist you with deciphering all of the confusing terminology, and he or she will also examine the features of each plan with you to help you understand the benefits. Once you have chosen a plan, MHG Insurance Brokers will continue to remain available for you any time you have a question about your policy or need assistance with a claim. 

Thanks to the Affordable Care Act, millions of Americans who were previously uninsurable due to preexisting conditions, or not meeting the qualifications for Medicaid or Medicare, will now have access to solid, comprehensive health insurance plans. They will be able to take better control of their health, and live longer, healthier lives. Let MHG Insurance Brokers take the journey to better health with you; call to speak with a knowledgeable insurance specialist, and learn the facts about health care coverage and how the ACA can benefit you. Call 954-828-1819, or visit MHG Insurance Brokers online at https://mhginsurance.com. Here’s to your better health!