Find a Health insurance agent in Escondido Now – Health Insurance is now Mandatory!
Falling sick or getting hurt are part of everyday life, as such it is vital to have medical care or support eventually in life. Health insurance covers many health related expenses and safeguards you from spending excessive money in health care expenses. Health care insurance is usually a contract between you and the insurance company; it involves getting a health plan, where the company commits to settle a part of the medical expenses when you are hurt or get sick. The insurance plan is usually broken down into several portions such as; Premium, Deductible, Co-payment, Co-insurance and Maximum out of pocket.
The benefits that come with Health Insurance far offset 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 cost 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 governed insurance premiums.
- The guaranteed availability of coverage rules were created 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 calls for issuers under the small and individual group markets to change the premiums based on variables like age, tobacco usage, geographical region and family size.
- Guaranteed renewability of coverage rules are designed to reaffirm the existing safeguards that employers and individuals have in respect to coverage renewals.
- The catastrophic plans, conversely, attract low premiums, pay for recommended preventative services without cost sharing and safeguard the policy holders against high out-of-pocket expenses.
Finding a Health insurance agent in Escondido
For companies, health insurance brokers play a critical function in helping small employers to find the most economical health coverage for their employees and their loved ones. The market for brokers in the health care sector is slated to grow because many people will buy heath care coverage for the first time.
- Brokers are expected to assist these consumers by helping them to better understand their alternatives and make more informed choices.
- Due to anticipated changes, brokers will play a key role in assisting customers to find the perfect plans that are economical and meet their needs.
- Thirdly, a lot of small companies will also be securing 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 benefit to using brokers is that most small companies will need assistance to maneuver the complex world of health care reforms.
There is Competition Between Escondido 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 expense of premium in new markets. The safeguards in the Just Us Care Act demand health insurers in each state to publicly justify any increases in premium rates of 10 % or more. This indicates that health insurance companies have to spend more on health care upgrades 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 charges.
Choose Just Us Insurance in Escondido For Your Health Insurance Needs
Just Us health coverage such as the one mandated by the Just Us Care Act promises many benefits to individuals and the family as a whole. The Just Us Care Act, mandates all the newer health cover plans offered to individuals and small group markets to include all the essential healthcare services. The categories covered are calculated to help families with their health insurance needs at reasonably reasonably-priced prices. The categories 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.
If you are considering personal healthcare coverage in Escondido or small business coverage, please contact Just Us Insurance today.
