Find a Health insurance broker in Lemon Grove Now – Health Insurance is now Mandatory!
Falling sick or getting disabled are part of everyday life, as such it is critical to have medical health care or support at some time in life. Health insurance covers numerous health related costs and protects you from spending an excessive amount of money in health care costs. Health care insurance is usually a contract between you and the insurance company; it involves buying a health plan, where the company commits to pay out a portion of the medical expenses when you are disabled or get sick. The insurance plan is usually broken down into several parts such as; Premium, Deductible, Co-payment, Co-insurance and Maximum out of pocket.
The advantages that come with Health Insurance far outweigh the risk of going to the Emergency Room or Hospital without Health Insurance.
How can Obama Care Help You?
The Obama Care healthcare plan for America or the Just Us Care Act is geared towards offering affordable health coverage to more Americans, in addition to reducing the expense of health care spending. Rules created under the Health Insurance Market Reforms include; guaranteed availability of coverage, single risk pool, and catastrophic plans, guaranteed renewability of coverage and controlled insurance premiums.
- The guaranteed availability of coverage rules were developed to prohibit the issuers from denying coverage to people because of pre-existing conditions.
- Single risk pool requires the insurance issuers to maintain a statewide risk pool for every small employer or individual market.
- The fair health-insurance premiums rule requires issuers under the individual and small group marketplace to change the premiums based on factors like age, tobacco usage, geographical region and family size.
- Guaranteed renewability of coverage rules are designed to reaffirm the already existing safeguards that employers and individuals have in respect to coverage renewals.
- The catastrophic plans, however, attract low premiums, include recommended preventative services without cost sharing and protect the policy holders against high out-of-pocket expenses.
Finding a Health insurance broker in Lemon grove
For companies, health insurance brokers play a vital role in helping small employers to find the most economical health coverage for their employees and their loved ones. Because many people will buy heath care coverage for the first time, the market for brokers in the health care sector is slated to grow.
- Brokers are expected to help these consumers by helping them to better learn about their options and make more informed choices.
- Due to anticipated changes, brokers will play a vital role in assisting customers to find the most suitable plans that are affordable and meet their requirements.
- Thirdly, a lot of small businesses will also be buying healthcare benefits for the first time. This means that insurance brokers will be at the forefront of advancing the coverage benefits to small group markets.
- The other advantage to using brokers is that most small companies will need assistance to get through the complex world of health care reforms.
There is Competition Between Lemon grove Health Insurance Companies
Several research studies have shown that healthy competition among insurers providing health care coverage via the federal exchanges established through the Just Us Care Act has been at the forefront of pushing down the cost of premium in new markets. The safeguards in the Just Us Care Act require health insurers in each state to publicly justify any increases in premium rates of 10 % or more. This implies that health insurance companies have to spend more on health care improvements or on incentives such as rebates for the benefit of the policy holders. The medical loss ratio or 80/20 rule promoted under the act has already saved millions of consumers a lot of money in premium expenses.
Choose Just Us Insurance in Lemon grove For Your Health Insurance Needs
The categories covered are calculated to help families with their health insurance needs at reasonably affordable rates. The category of services targeted under the affordable care act include; ambulatory patient services, laboratory services, mental health services and addiction treatment, emergency services, maternity and newborn care as well as prescription drugs and pediatric services, chronic disease treatment and wellness services.
Please call Just Us Insurance today if you are looking for personal healthcare coverage or small business coverage.
