Insurance Blog's

14 Facts About The Health Insurance Marketplace®

published to September 24, 2014

health insurance market® It’s easy to find quality, affordable coverage. Millions of Americans have already received coverage, many for the first time.

Here are 14 things you should know about marketplaces.

  1. no matter what state you live in Marketplace can be usedSome states operate their own marketplaces, while others are federally operated marketplaces. Beginning November 15, 2014, you can sign up for 2015 Marketplace coverage.
  2. Health insurance plans offered through the Marketplace are operated by private companies.
  3. Offered by all health insurance plans on Marketplace Same set of intrinsic health benefitsdoctor visits, preventive care, hospitalization, prescriptions, etc.
  4. You can compare options on the marketplace to see your options premium, Deductible amountWhen Out-of-pocket expenses before deciding to enroll.
  5. Fill out the Marketplace application to find out if you are eligible. Reduce monthly premium costsMost people who apply for health insurance through the marketplace are eligible for some savings.
  6. You can apply Medicaid or Children’s Health Insurance Program (CHIP) Through the market at any time of the year. These programs provide free or low-cost coverage to millions of Americans with limited income, disability, and certain family circumstances.
  7. If you are eligible for Special admission periodyou can apply for health insurance through the Marketplace outside of the open registration period.
  8. Insurance plans offered through Marketplace cannot deny coverage because of a pre-existing medical condition such as cancer or diabetes. It is also not possible to charge different premiums for women and men.
  9. Marketplaces usually dental insurance As part of health insurance or alone through a separate independent dental insurance plan.
  10. you must Report certain eligible life changes If you get married or divorced, have or adopt a child, or have a change in your income, the Marketplace will help you. You will receive a new eligibility notification explaining whether you are eligible.
  11. Members of federally recognized tribes and Alaska Natives Register for marketplace coverage at any time of the yearyou can change plans up to once a month.
  12. If you have an income-generating business with no employees, you are considered self-employed and can: Get coverage through Marketplace.
  13. Even if you have access to student health insurance, Choosing to purchase health insurance through a marketplace instead. A lower fee may apply depending on your income.
  14. IF YOU DO NOT AGREE WITH THE DECISION, THE HEALTH INSURANCE MARKETPLACE® such as whether you are eligible to purchase a plan or whether you qualify for a lower cost based on your income. you may be able to appeal the decision.

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