On March 23, of 2010 President Obama signed the the Patient Protection and Affordable Care Act (PPACA), commonly called the Affordable Care Act (ACA) or Obamacare. The law mandates that everyone have health insurance that meets minimum requirements, or pay a tax penalty for not having "creditable coverage". We can help you understand how it works, pick out the best plan for you, and help you enroll electronically without having to sign up for the government website and all the head aches that entails.
On April 13, 20017 CMS released the Market Stabilization Final Rule, which finalizes changes that will help lower premiums, stabilize individual and small group markets, and increase choices for Americans. The rule amends standards relating to special enrollment periods (SEPs), guaranteed availability, qualified health plan (QHP) standards on network adequacy and essential community providers, and rules around actuarial value requirements. The rule also changes the timing of plan year 2018 Open Enrollment in the Individual Marketplace to extend from November 1 through December 15, 2017 in order to have an effective date of January 1, 2018.
Did you know?...It does not cost YOU one cent more to have your very own licensed agent explain to you your options, help you enroll, and be there for you throughout the year when needed.
What happens if I don't buy health insurance?
STM Enrollment Update:
As a direct result of President Trump’s October 2017 Executive Order, the Departments of Health and Human Services, Labor and the Treasury issued a proposed rule on February 20, 2018 that would change the maximum duration of short term medical insurance for up to 364 days, as opposed to the current maximum duration of 90 days or less. There will be a 60-day comment period. After that period of time the Trump administration will announce the final rule, which would likely become effective at a date to be determined, not sooner than July 1, but perhaps later in the year.
Jeff Smedsrud, Chief Executive Officer of Pivot Health, said, “Today’s proposed changes provide additional coverage options that are more affordable to individual and families. Pivot Health will continue to provide innovative and robust products that provide alternative solutions to the individual insurance market and help consumers who have gaps in coverage. We are pleased with the proposed rule and will continue to monitor it closely, so we can develop leading-edge options to meet the new and growing demand for health plans that are affordable and yet provide quality coverage.”
Launched in 2016, Pivot Health is an insurance product development, management and marketing company led by an experienced team of health insurance professionals that has managed more than $7 billion of insurance premium. To date, the rapidly growing company offers insurance plans to thousands of contracted brokers through agent-assisted web pages.
If you have questions as always give us a call at 765-746-6459
The Affordable Care Act explained in simpler terms here. Click any BLUE link in our presentation to get even more information on that topic.
Subsidies explained! ....straight talk from the Marketplace to help understand just how subsidies work.
Today’s healthcare system is strained, expensive and inefficient. Whether it’s the time it takes to schedule an appointment with your primary care physician or the simple lack of access when you need it (nights and weekends), the current system is strained and with the rollout of the Affordable Care Act, it’s only going to get worse.
Need coverage for a short time between jobs or just looking for a more affordable solution? Check out short term medical plans! Get a free quote or enroll here.
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* For 2017- 2018 the penalty percentage will remain 2.5%. For 2019 the mandate to buy insurance is no longer in effect.