Your Health, Your Coverage
Navigating the web of individual health insurance options is intimidating, let us take out the fright!
Navigating the web of individual health insurance options is intimidating, let us take out the fright!
Health insurance is a subject that we all need to deal with in Forest Hills, Grand Rapids, Kentwood, Walker, Wyoming, MI, and the surrounding areas, even if we don't want to. Whether you are looking for an individual health insurance plan, small business health insurance, or some other health insurance option, our team at Weadock & Associates can explain the options available through our agency. We have worked with thousands of clients and spent many years helping clients review a variety of health insurance options, including marketplace health insurance options for those who need them.
It can be complicated to compare several different plans, but our team makes it easy by working with many different insurance companies and getting our clients multiple quotes to help them compare several policy options. Contact us today to learn more and schedule a time to review your health insurance needs.
There are plenty of people who have the dream of starting their own business, and for a while, they will be the only person working on the business. Self-employed health insurance options are available for these situations, as are individual health insurance options for those people who are working for a small company that is unable to provide group health insurance options. Family health insurance policies also exist to help provide coverage for all family members.
With a family health insurance plan, you can have yourself covered, along with your spouse, as well as children up to age 26. No matter what your situation is, our team can help to find the right health insurance option that works for your situation.
Even small businesses with just a few employees are able to provide small business health insurance options for their team. Essentially, small business health insurance is group health insurance, but is tailored for the small businesses that have between 2 and 50 employees. There are several different options for your small business health insurance that our team can help to explain the differences in so you can understand the differences between available options for your small business health insurance offering.
Getting health insurance as an individual or family in Forest Hills, Grand Rapids, Kentwood, Walker, Wyoming, MI, and the surrounding areas, or offering health insurance as a small business, is an important decision. In order to get clear information, many people choose to work with an independent insurance agency like Weadock & Associates. Contact us today to schedule a time to review all of your health insurance options.
Besides getting your health insurance through your work, which a significant portion of working adults do not have available to them through their employer, the Affordable Care Act provided for marketplace health insurance as an option. This allows eligible individuals and families to find coverage from a central marketplace. And even though you are able to compare marketplace health insurance options, being able to work with a marketplace insurance agent is very helpful in understanding the different levels of coverage in Forest Hills, Grand Rapids, Kentwood, Walker, Wyoming, Plainfield, and Cadillac, MI.
Similar to how Medicare has open enrollment dates, marketplace health insurance plans also have open enrollment dates that run from November 1 thru January 15. If a client has had a 'qualifying life event', such as getting married, having a baby, or losing their previous health insurance, they can enroll outside of this window. Because we deal with health insurance plans all of the time, we can help by getting marketplace quotes for clients and helping them to understand the differences between them and how best they fit with the client's needs.
Clients will find that there are 4 different tiers, or ‘medals’, of health insurance plans. Bronze is the lowest tier, offering the lowest premiums but the highest deductibles. Silver is next with higher premiums and slightly lower deductibles. Gold plans are next, with higher premiums but significantly lower deductibles. Platinum is the highest medal tier with the highest premiums and the lowest deductibles.
The figure that Marketplace uses is the Modified Adjusted Gross Income, or MAGI. While this figure is not one that is listed on your tax return, for most people, their MAGI is very similar to the more common Adjusted Gross Income (AGI) figure.
There are a few categories of individuals who are not able or eligible to apply for health insurance coverage through the Marketplace. These people include: incarcerated individuals, those not U.S. citizens, and those covered by Medicare.
The biggest differences that clients will see with the different plans are the provided networks. There might be HMOs, PPOs, EPOs, or even POS options. It will be important to review the network for each plan to determine if your preferred provider is included in the network or out-of-network.