Find a Health insurance broker in Cathedral City Now – Health Insurance is now Required!
Falling ill or getting disabled are part of everyday life, as such it is vital to have medical assistance or support at some point in life. Health insurance covers many health related expenditures and safeguards you from spending way too much money in health care charges. Health care insurance is usually a contract between you and the insurance company; it involves purchasing a health plan, where the company commits to settle a part of the medical charges when you are injured 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 rewards 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 tailored towards offering affordable health coverage to more Americans, in addition to minimizing the costs of health care spending. Rules developed 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 devised to prohibit the issuers from refusing 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 industry to change the premiums based on variables like age, tobacco usage, geographical locale 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, pay for recommended preventative programs without cost sharing and safeguard the policy holders against high out-of-pocket expenses.
Finding a Health insurance broker in Cathedral city
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 obtain heath care coverage for the first time.
- Brokers are expected to assist these consumers by helping them to better comprehend their options and make more informed choices.
- Due to anticipated changes, brokers will play a major role in assisting customers to find the right plans that are cost effective and meet their requirements.
- 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 advantage to using brokers is that most small businesses will require assistance to navigate the complex world of health care reforms.
There is Competition Between Cathedral city Health Insurance Companies
Several research studies have revealed 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 areas. 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 means that health insurance companies have to spend more on health care enhancements 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 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.
