If you are not offered coverage through your job, then you do have the option to get coverage in the individual market. If you need major medical coverage that covers pre-existing conditions, then you must enroll into a Qualified Health Plan (QHP). You can only enroll into a QHP during the Open Enrollment each year from November 1 – December 15. Outside of the Open Enrollment, you can enroll into a QHP but only if you have had a Qualifying Event with 60 days (such as losing employer coverage). If you have not had a Qualifying Event, you can enroll into a Short Term Medical Plan. Whatever your situation may be, Harbour Health Insurance will help you understand your options so that you can get coverage. Our agents have the knowledge and expertise to help you decide which plan best suits you and we will assist you with this process at NO additional cost for our services.
MAJOR MEDICAL
Since the Affordable Care Act (ACA or Obamacare) went into effect in 2014, major medical individual health insurance is now available to everyone regardless of age or health conditions. There are no exclusions for pre-existing conditions nor can the carrier charge you a higher rate for a pre-existing condition. Rates are simply based on Age, Location, and Tobacco Use. Under ACA regulations, all Qualified Health Plans (QHP) must cover 10 Minimum Essential Benefits, including maternity and certain preventive tests.
Open Enrollment for ACA plans is November 1 – December 15. This is the time of year when you can enroll into your plan for the upcoming year. Outside of Open Enrollment, you can enroll into an ACA plan but only if you have recently had a Qualifying Event (such as losing employer coverage within 60 days). If you need individual coverage, Harbour Health will help you determine what coverage is best for you and your family. Under the ACA rules, your income may also qualify for a subsidy/tax credit which can lower your premium significantly. We will guide you through this process and assist you with understanding all the different plans so that you can enroll into a plan that best suits your needs. Our agents have the knowledge and expertise to help you decide which plan best suits you and we will assist you with this process at NO additional cost for our services.
SHORT TERM MEDICAL
Short term medical plans are available to those who do not have a Qualifying Event and need to obtain coverage outside of the Open Enrollment. Short term plans are designed to provide coverage for a specific period of time. They generally cost less than ACA plans because they do not cover pre-existing conditions nor preventive tests. However, they do provide good coverage at an affordable cost.