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Navigating the New Health Care Landscape

The only constant is change, and that is especially true as it relates to our health care system. The Affordable Care Act (ACA) has provided another option for most Americans, but it can be complicated and difficult to understand. We’re here to make sure you have the facts and get the answers you need.

The first thing you need to realize is that health insurance (just like any other form of insurance) is a risk management tool, so it is important to be aware of your risk exposure. As with any insurance policy, if your risk goes up, your premiums should go down.

The true cost for a qualified health plan under the ACA, also commonly referred to as a “metal plan”, is generally no less expensive than private insurance plans. Do not mistake a lower premium for a lower cost. In an attempt to appear more “affordable” these plans simply generate a higher exposure in order to provide a lower premium. In order to determine true out-of-pocket costs, you must calculate the total of the premium, deductible, co-insurance, and co-payments. If you’re fortunate, this calculation arrives at roughly the same out-of-pocket amount as your current or previous plan. So for many, Obamacare plans are just a shifting of dollars.

Yes, the Health Insurance Marketplace is confusing and can be downright frustrating. But you don’t have to go it alone. Whether you sign up for a plan in the Marketplace on your own or through an insurance advisor, the cost is the same. So talk to an insurance specialist today. You hire professionals to repair your plumbing, fix your car–even cut your hair. Why not get professional help now?

Check back often as we continue the health care discussion.