We don’t all have to but the insurance plans offered by the Affordable Care Act. There are many health care plans that insurance companies offer besides ACA plans.
Affordable Care Act plans meet new levels of coverage and cost balances set by the law. Nonetheless, there are many health care options that are not on the federal marketplace.
How does the law affect private plans?
The Affordable Care Act makes important adjustments to insurance plans that are not on the marketplace. One of the most important changes is that you will never pay more for a similar plan outside of the marketplace than you will inside of it.
Should I shop on or off the marketplace?
Sometimes, if you don’t qualify for cost assistance on the marketplace, it is better to shop off of the marketplace for health insurance. However, you can only buy Affordable Care Act plans on the marketplace.
Nonetheless, not every plan that is available in your local area is on the ACA marketplace. So, if you want to look at different varieties of health plans, you might want to check off of the market.
It is always best to fully research the market before making your choice on health care.
Insurance brokers may not sale Affordable Care Act plans directly, but they can sometimes help you research and compare plans that are both on- and off-market. If you choose to buy off the market, you can still purchase insurance through your local insurance agency, from a broker and directly from a health insurance company.
Healthcare.gov has information to help you choose the correct plan. But the process of choosing what is best for your health means you likely have more questions. Call Simpson Financial Group at (877) 727-7780 to find out if one of these plans is best for you.