Find a Health insurance broker in Highland Now – Health Insurance is now Required!
Health insurance pays for numerous health related costs and protects you from spending too much money in health care expenses. Health care insurance is usually a contract between you and the insurance company; it involves purchasing a health plan, where the company commits to pay a chunk of the medical expenses when you are injured or get sick.
The advantages that come with Health Insurance far exceed 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 minimizing the cost of health care spending. Rules devised 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 developed 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 factors like age, tobacco usage, geographical region and family size.
- Guaranteed renewability of coverage rules are designed to reaffirm the existing safeguards that individuals and businesses 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 broker in Highland
For companies, health insurance brokers play a vital role in assisting small employers to find the most economical health coverage for their employees and their family. Because many individuals will acquire heath care coverage for the first time, the market for brokers in the health care sector is slated to grow.
- Brokers are expected to assist these consumers by helping them to better learn about their alternatives and make more informed choices.
- Due to anticipated changes, brokers will play a vital role in assisting customers to find the ideal plans that are affordable and meet their requirements.
- Thirdly, a lot of small businesses 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 companies will require assistance to get through the complex world of health care reforms.
There is Competition Between Highland 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 price of premium in new areas. 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 fees.
Choose Just Us Insurance in Highland For Your Health Insurance Needs
Just Us health coverage such as the one mandated by the Just Us Care Act assures 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 address all the essential healthcare services. The categories covered are calculated to help families with their health insurance needs at reasonably economical costs. 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 searching for personal healthcare coverage in Highland or small business coverage, please contact Just Us Insurance today.
