This is my first time getting insurance under the marketplace; are plans really affordable? What should I expect?
What makes insurance under the marketplace affordable is the fact that you pay based on your expected household income. Statistics show that you are likely to save money and receive discounted insurance. Eight out of ten people who apply are eligible to save considering that most find plans that are between $50 and $100 per month. Also, if you fall under an income that is between 100% and 400% of the federal poverty level, then you can qualify for what’s called a premium tax credit. This can lower your monthly payment even more.
Another thing to consider is the cost of being uninsured. Having coverage means that you will be able to get regular check-ups at the doctor’s office or clinic. This includes having access to crucial components of women’s health, like pap smears and birth control. Regular check-ups are a part of preventive care, which can save you from developing more serious issues down the line that can cause financial distress. Coverage is also vital when life’s unexpected incidents land us in the hospital. Getting treated after a bad car accident, for example, can leave you with a hefty hospital bill if you are uninsured. A health insurance plan helps you get the affordable care you need when you need it.
When searching for a plan that’s right for you, search for one that will suit your lifestyle and needs. Does it include the doctor, hospital, or clinic that you prefer, are your medical needs covered, and does it fit into your budget? For more information on how to enroll and what to look for, visit Raising Women’s Voices (RWV). Once you have chosen your plan, review the “My Health, My Voice” health literacy guide, it will help you navigate through your new health insurance plan. The NWHN is committed to equipping women, people of color, and LGBTQ individuals with adequate health literacy so that they can get quality care that suits them.
Open enrollment for 2017 kicked off on November 1! The deadline to enroll is December 15 in order to receive insurance on January 1. To apply, go to HealthCare.gov.
For more information on health care under the marketplace, visit the IRS.