Find a Health insurance agent in Cathedral City Today – Health Insurance is now Required!
Falling sick or getting disabled are part of everyday life, as such it is essential to have medical health care or support at some time in life. Health insurance covers many health related expenditures and safeguards you from spending way too much money in health care expenses. 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 off a portion of the medical expenses when you are hurt or get sick. The insurance plan is usually divided into several segments 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 tailored towards giving affordable health coverage to more Americans, in addition to lowering the costs of health care spending. Rules formulated under the Health Insurance Market Reforms include; guaranteed availability of coverage, single risk pool, and catastrophic plans, guaranteed renewability of coverage and regulated 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 calls for issuers under the individual and small group markets to change the premiums based on factors like age, tobacco usage, geographical locality and family size.
- Guaranteed renewability of coverage rules are designed to reaffirm the already existing safeguards that individuals and companies have in respect to coverage renewals.
- The catastrophic plans, on the other hand, attract low premiums, pay for recommended preventative options without cost sharing and protect the policy holders against high out-of-pocket expenses.
Finding a Health insurance agent in Cathedral city
For businesses, health insurance brokers play a crucial role in helping small employers to find the most affordable health coverage for their employees and their family. The market for brokers in the health care market is slated to grow because many people will obtain heath care coverage for the first time.
- Brokers are expected to help these consumers by helping them to better learn about their choices 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 affordable and meet their needs.
- Thirdly, a lot of small businesses will also be procuring 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 businesses will require assistance to maneuver the complex world of health care reforms.
There is Competition Between Cathedral city Health Insurance Companies
Several research studies have demonstrated 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 mandate 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 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 fees.
Choose Just Us Insurance in Cathedral city 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.
