5 Tips to Help You Understand the Health Care “Marketplaces” Created Under the Affordable Care Act

Those of you who are not covered under a health insurance plan offered by your employer may be feeling a bit anxious as the end of the year draw near and you are still without health insurance.  While January 1st is fast approaching, and while the federal government still hasn’t worked all the bugs out of their health care marketplaces to allow people to sign up for health insurance according to the requirements of the Affordable Care Act, you don’t need to start panicking just yet.

Schumacher Insurance Agency

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Here are a few tips to help you understand the health care marketplaces and how they work:

  1. The health care marketplaces operate like online commerce sites.
  2. Not all states offer a state-operated exchange.  As of the middle of October 2013, only half the states were considering one or opted for a federally-run marketplaces.
  3. You may qualify for a discount based on your annual income.
  4. If you are able to obtain health insurance through alternate sources, you do not need to sign up through the government’s marketplaces.
  5. If you have not obtained health insurance coverage through a private insurer, employer-provided health care plan, or a state or federal marketplace by March 2014, you can be assessed a financial penalty on your annual income taxes.

Our professional staff at Schumacher Insurance Group can help you find a health insurance plan that best fits your needs and your budget, without all the hassles of trying to navigate a federally operated website.  Work with a live person rather than a computer, and let our agents tailor an insurance plan that gets you covered to meet the requirements of the Affordable Care Act.  Contact us today and let us assist you in meeting your health insurance needs.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on November 19, 2013, in Agency, Uncategorized and tagged , , . Bookmark the permalink. Leave a comment.

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