Call Us Today For A Free Quote | 877.727.7780
Simpson Financial Group  Preparing for life’s uncertainties
 

doctor with patientIf you bought health insurance through the Affordable Care Act (ACA) marketplace, then your plan is likely in effect. If not, it should take effect very soon.

Now that your plan is active, it’s time to sit back and enjoy the benefits. You can now access a wide variety of health care treatments.

Like with all health insurance, you will likely pay premiums for this coverage. The ACA offers cost assistance and subsidies in a variety of ways. Some people qualify for free health care coverage. However, even with cost assistance, many Americans still have to pay some of the cost of their ACA plan.

You have probably begun to pay your health care premium for this year’s plan. If you haven’t already made a payment, then you likely will soon. It's still early in the season, and you still need to get used to the payment schedule.

Don’t let your health care payments fall behind. There are many different options to pay your health care premium.

Paying for an ACA Plan

Paying the Health Insurer Directly: You may have bought your health insurance through the ACA marketplace. But, you will pay your bill directly to your health insurance provider.

Paying the Health Care Marketplace: If you used the online Affordable Care Act marketplace to get coverage, you sometimes can pay the marketplace. The marketplace will forward the payment to your insurer. However, keep in mind, the marketplace varies from state to state. Some states have their own marketplaces. Others use the federal site.

Marketplace First, Insurer Later: You can sometimes make your first premium payment on the marketplace. You make this payment when you enroll in coverage. Afterwards, you will pay the insurer directly on all future payments.

Payment Terms

ACA plans have monthly premium payments. Make sure that there is room in your budget to plan for a monthly health insurance payment.

If you don’t make your payment on time, you have a grace period to do so. This is usually around 90 days. After the grace period, you will likely lose coverage.

Payment Methods

There are many different ways that you can choose to pay your health insurance premiums. Most ACA plans encourage online payment using a credit card or direct deposit. You can sometimes use traditional methods like checks or money orders to make payments.

You can often set up automatic payments for your health care premiums. Many insurance companies and the ACA marketplace encourage this. It is a way to make sure you always pay on time. But, always be vigilant. If your bank account information or payment plan changes, update your preferences. This will help make sure payments still process on time.

You have your ACA health insurance. Now you have to keep it. Simpson Financial Group can help you choose coverage and payment options. Call us today at (877) 727-7780 for more information.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Instant Quote
Referrals
We love referrals! And thank you even more for your continued business.
Find an Agent
We have agents in your neighborhood! So give us a call.
Our Agency Blog
Stay in touch with the latest events, news and offers we have.
Computer Phone Connect
Get an instant quote online now! Talk to an agent directly by phone Connect to a local agent
Facebook Twitter LinkedIn Google+
Stay In Touch With Us Helpful Site Links Our Office





289 Elm St
Suite 102
Marlborough, MA 01752


(978) 222-3939
We have the expertise to find you the right coverage at the right price 
Attention: This website is operated by Simpson Financial Group, Inc. and is not the Health Insurance Marketplace website. In offering this website, Simpson Financial Group, Inc. is required to comply with all applicable federal laws, including the standards established under 45 CFR 155.220(c) and (d) and standards established under 45 CFR 155.260 to protect the privacy and security of personally identifiable information. This website may not display all data on Qualified Health Plans being offered in your state through the Health Insurance Marketplace website. To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at HealthCare.gov.

Simpson Financial Group, Inc., which has licensed insurance agents in 50 states. Not all agents are licensed to sell all products. Service and product availability varies by state. Sales agents may be compensated based on a consumer's enrollment in a health plan. Agent cannot provide tax or legal advice. Contact your tax or legal professional to discuss details regarding your individual business circumstances. Our quoting tool is provided for your information only. All quotes are estimates and are not final until consumer is enrolled.