Find a Health insurance broker in Ontario Right Now – Health Insurance is now Mandatory!
Falling sick 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 charges and safeguards you from spending excessive money in health care charges. Health care insurance is usually a contract between you and the insurance company; it involves getting a health plan, where the company commits to pay a part of the medical expenses when you are hurt or get sick. The insurance plan is usually divided into several parts such as; Premium, Deductible, Co-payment, Co-insurance and Maximum out of pocket.
The advantages 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 costs of health care spending. Rules developed under the Health Insurance Market Reforms include; assured availability of coverage, single risk pool, and catastrophic plans, guaranteed renewability of coverage and governed insurance premiums.
- The guaranteed availability of coverage rules were designed 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 aspects like age, tobacco usage, geographical region and family size.
- Guaranteed renewability of coverage rules are designed to reaffirm the current safeguards that individuals and companies have in respect to coverage renewals.
- The catastrophic plans, meanwhile, attract low premiums, include recommended preventative services without cost sharing and safeguard the policy holders against high out-of-pocket expenses.
Finding a Health insurance broker in Ontario
For businesses, health insurance brokers play a critical role in assisting 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 understand their choices and make more informed decisions.
- Due to anticipated changes, brokers will play a main role in assisting customers to find the most suitable plans that are economical and meet their needs.
- Thirdly, a lot of small businesses will also be purchasing 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 navigate the complex world of health care reforms.
There is Competition Between Ontario 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 price 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 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 fees.
Choose Just Us Insurance in Ontario 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, requires all the newer health cover plans offered to individuals and small group markets to cover all the essential healthcare services. The categories covered are calculated to help families with their health insurance needs at reasonably cost effective 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 programs.
If you are trying to find personal healthcare coverage in Ontario or small business coverage, please contact Just Us Insurance today.
