Health Subsidy and the Exchange Plans
0 views
Skip to first unread message
Dennis Jarvis
May 11, 2013, 6:12:05 AM5/11/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Dennis Jarvis
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1835689
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1835689
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Health Subsidy and the Exchange Plans
Author: Dennis Jarvis
Word Count: 534
Article URL: http://www.isnare.com/?aid=1835689&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1835689
Easy Publish Tool: http://www.isnare.com/html.php?aid=1835689
*********************** ARTICLE START ***********************
We have had two decade of health insurance experience and the health reform changes still require a great deal of study to understand. We can imagine how it must feel for the average American who is trying to see how it applies to them. There's a host of new terms with critical impact on how much you will pay for health insurance. One of these is Health Exchange. Let's understand what exactly the Health Exchange is and how it affects your options for a health subsidy.
First, what is the Health Exchange?
The Health Exchange is a marketplace to buy specific health plans starting Jan 1st, 2014. These are referred to as Exchange Plans and they are also called the Metallic health plans. There will be a Bronze, Silver, Gold, and Platinum with a Catastrophic option for younger people. There will also be other plans outside of the Exchange and we'll discuss how these might be different. You will be able to quote both Exchange plans and non-Exchange plans through our Health Subsidy Quote page once they're available (Oct 1st, 2013). This ideal since the Exchange will only be able to quote plans inside it which may or may not be the best value for you. What will dictate this?
Subsidies will form the dividing line for Exchange Plans
If you make less than 400% of poverty (the 400% Rule), it will be hard to beat the eligible Exchange plans since you will likely qualify for a health subsidy which is after all, the whole point of this entire website. It's potentially a lot of money at state...$1000's of dollars per year for most people. Your Quoting page will automatically determine if you qualify for a health subsidy and towards which plan at no cost to you. Only the qualified Exchange plans (should be the Silver health plan) will be eligible for a subsidy so that will narrow your decision making down considerably since the the total premium will probably be subsidized by 50-80% depending on your income level. This will supersede any other plans/rate differences that might occur in most situations. What if you don't make under 400% of the Federal Poverty Level? Do the Exchange Plans still make sense?
Differences between Exchange and Non-Exchange plans
The first consideration will be whether you have a Grandfathered plan. We've discussed this consideration in depth at our Grandfathered plan versus Exchange plan page. It's important to understand how that works. If you have a non-Grandfathered health plan, there may be advantages to non-Exchange health plans. We're starting to see a blueprint for non-Exchange health plans with much larger doctor/hospital networks than Exchange plans. The core benefits for non-Exchange plans have to match the Exchange plans but the in-network doctor networks may be half the size of current networks inside the Exchange. This could be a big deal. The costs will likely be the same but if you want the better doctors/hospitals, non-Exchange plans might be the way to go. Again, you'll be able to quote both Exchange health plans and Non-Exchange health plans through our Health Plan Quote page when they're available October 1st, 2013.
About The Author: Dennis Jarvis is a licensed health insurance agent who focuses on helping people understand the new health subsidy available through Reform for health care. http://www.healthsubsidy.net
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1835689
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Dennis Jarvis
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1835689
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1835689
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Health Subsidy and the Exchange Plans
Author: Dennis Jarvis
Word Count: 534
Article URL: http://www.isnare.com/?aid=1835689&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1835689
Easy Publish Tool: http://www.isnare.com/html.php?aid=1835689
*********************** ARTICLE START ***********************
We have had two decade of health insurance experience and the health reform changes still require a great deal of study to understand. We can imagine how it must feel for the average American who is trying to see how it applies to them. There's a host of new terms with critical impact on how much you will pay for health insurance. One of these is Health Exchange. Let's understand what exactly the Health Exchange is and how it affects your options for a health subsidy.
First, what is the Health Exchange?
The Health Exchange is a marketplace to buy specific health plans starting Jan 1st, 2014. These are referred to as Exchange Plans and they are also called the Metallic health plans. There will be a Bronze, Silver, Gold, and Platinum with a Catastrophic option for younger people. There will also be other plans outside of the Exchange and we'll discuss how these might be different. You will be able to quote both Exchange plans and non-Exchange plans through our Health Subsidy Quote page once they're available (Oct 1st, 2013). This ideal since the Exchange will only be able to quote plans inside it which may or may not be the best value for you. What will dictate this?
Subsidies will form the dividing line for Exchange Plans
If you make less than 400% of poverty (the 400% Rule), it will be hard to beat the eligible Exchange plans since you will likely qualify for a health subsidy which is after all, the whole point of this entire website. It's potentially a lot of money at state...$1000's of dollars per year for most people. Your Quoting page will automatically determine if you qualify for a health subsidy and towards which plan at no cost to you. Only the qualified Exchange plans (should be the Silver health plan) will be eligible for a subsidy so that will narrow your decision making down considerably since the the total premium will probably be subsidized by 50-80% depending on your income level. This will supersede any other plans/rate differences that might occur in most situations. What if you don't make under 400% of the Federal Poverty Level? Do the Exchange Plans still make sense?
Differences between Exchange and Non-Exchange plans
The first consideration will be whether you have a Grandfathered plan. We've discussed this consideration in depth at our Grandfathered plan versus Exchange plan page. It's important to understand how that works. If you have a non-Grandfathered health plan, there may be advantages to non-Exchange health plans. We're starting to see a blueprint for non-Exchange health plans with much larger doctor/hospital networks than Exchange plans. The core benefits for non-Exchange plans have to match the Exchange plans but the in-network doctor networks may be half the size of current networks inside the Exchange. This could be a big deal. The costs will likely be the same but if you want the better doctors/hospitals, non-Exchange plans might be the way to go. Again, you'll be able to quote both Exchange health plans and Non-Exchange health plans through our Health Plan Quote page when they're available October 1st, 2013.
About The Author: Dennis Jarvis is a licensed health insurance agent who focuses on helping people understand the new health subsidy available through Reform for health care. http://www.healthsubsidy.net
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1835689
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages