Five things you must know to understand the cost of your health insurance

Five things you must know to understand the cost of your medical care.

Premium

The amount of money you pay to keep your health insurance plan active. You will pay this amount monthly for  the entire year. Your health plan will remain active as long as you pay all of your monthly premium cost.

Co-Pays

The specified amount you pay for certain medical services. These services include doctors visits,pharmacy prescriptions,diagnostic testing, home care services and other services according to your insurance policy.

Deductible

The specified amount of money you will be responsible to pay before your insurance company starts paying. Your deductible will be met according to the amount of medical care you use during the year.

Co-Insurance

The amount of medical bill you will pay for specified services, after you meet your deductible.Your co-insurance cost is actually sharing the cost of your health care with your health insurance company.

Out of Pocket Maximum

The total cost you will pay before the insurance company pays all of your medical care for that year.

Free quotes: http://www.mintcofinancial.com/health-insurance-obamacare-quote

Call 716 565 1300 or 813 964 7100

Health Insurance for young single individuals: Why should i buy health insurance?

I’m young and healthy. Why should I buy health insurance?

People become seriously ill and injured at all ages. Health insurance protects your financial as well as your physical health. If you need medical treatment, from emergency services to hospital care to rehabilitation, your bills could become overwhelming very quickly.

Another good reason to buy health insurance for young adults: it is the law as of March 31, 2014.

As of March 31, 2014, you should have health care coverage. If you don’t, you will pay a penalty. The IRS will add this penalty to your tax bill at the end of the year.

The Affordable Care Act gives you many more options to find health insurance that fits your needs and your budget.

Need a free quote: http://www.mintcofinancial.com/health-insurance-obamacare-quote

Call 716 565 1300 to speak to our agent Lloyd.

Health Insurance Quotes Online: Can I buy coverage outside of the open enrollment period?

?Can I buy coverage outside of the open enrollment period?

Most individuals may only buy private health insurance doing open enrollment, which runs from November 15 through February 15. However, certain life events will qualify you for a special enrollment period, during which you can buy coverage through the Marketplace. Life events include losing job-based insurance, moving, or a change in family size. HealthCare.gov offers a screener to help determine if you qualify for a special enrollment period.

If you qualify for Medicaid or the Children’s Health Insurance Program, you may enroll at any time. There is no open enrollment period for these programs.

Health Insurance Quote: http://www.mintcofinancial.com/health-insurance-obamacare-quote

Call 716 565 1300

Health Insurance Obamacare online quotes: Quick and easy free online quotes

http://www.mintcofinancial.com/health-insurance-obamacare-quote

You won’t be able to purchase health insurance outside of open enrollment unless you qualify for a special enrollment period. Certain life events, like moving to a new state, losing or changing jobs, or a change in family size, will trigger a special enrollment period.

If you have health insurance but want a more affordable plan, start keeping basic records about your household income and spending. You may be able to receive discounts or financial help when buying coverage for next year. You will need to provide income information when you apply for coverage through the Health Insurance Marketplace.

http://www.mintcofinancial.com/health-insurance-obamacare-quote

Call 716 565 1300 to speak to an agent.

http://www.mintcofinancial.com/health-insurance-obamacare-quote

Can I buy coverage outside of the open enrollment period?

Most individuals may only buy private health insurance doing open enrollment, which runs from November 15 through February 15. However, certain life events will qualify you for a special enrollment period, during which you can buy coverage through the Marketplace. Life events include losing job-based insurance, moving, or a change in family size. HealthCare.gov offers a screener to help determine if you qualify for a special enrollment period.

If you qualify for Medicaid or the Children’s Health Insurance Program, you may enroll at any time. There is no open enrollment period for these programs.

What is Obamacare? Understand it in a few words

Obamacare – also known as the Affordable Care Act, or the ACA – is a law enacted to ensure that all Americans have access to affordable health insurance. It does this by offering consumers discounts (known as tax credits) on government-sponsored health insurance plans, and by expanding the Medicaid assistance program to include more people who don't have it in their budgets to pay for health care.

The ACA also changed some of the rules insurance companies have to follow. For example, in the past if you had diabetes or some other preexisting medical condition, you could be turned down for insurance or your cost for coverage would be astronomical. Now you can't be turned down for any reason and the hope is that costs will be contained.

Obamacare is not a plan. It is a group of reforms that private insurers must adhere to in their plans. For example, insurers under Obamacare may not deny coverage or treatment for those with preexisting health conditions. You may buy an Obamacare compliant plan from a private insurer, contact Mintco Financial at 716 565 1300 or go to www.MintoFinancial.com.

If you buy health insurance through your workplace, your employer will inform you about its open enrollment period. The information below is for people buying health insurance on their own.
If your buying health insurance on your own, you have several options for purchasing a policy:

From your state’s health insurance marketplace -- check https://www.healthcare.gov to find yours

Directly from a health insurance company: www.MintcoFinancial.com
From websites like www.MintcoFinancial.com tthat offers health insurance quotes (http://www.mintcofinancial.com/) from multiple carriers
From a health insurance agent: Call 716 565 1300

www.MintcoFinancial.com