BUYING PRIVATE HEALTH INSURANCE
IF YOUR EMPLOYER DOESN’T OFFER TO YOU HEALTH INSURANCE AS PART OF AN EMPLOYEE BENEFITS PROGRAM, OR YOU LOST YOUR JOB AND THE INSURANCE IT PROVIDED, YOU MAY BE LOOKING AT PURCHASING YOUR OWN HEALTH INSURANCE THROUGH A PRIVATE HEALTH INSURANCE COMPANY.
It is common to be concerned about how much it will cost to purchase health insurance for yourself. However, there are various options and prices available to you based on the level of coverage you need. And based on the income you earn. A premium is the amount of money an individual or business pays to an insurance company for coverage for coverage. Health insurance premiums are typically paid monthly. Employers who offer an employer-sponsored health insurance plan typically cover part of the insurance premiums. If you need to insure yourself, you’ll be paying the full cost of the premiums.
Looking to start the process? Download the application form here and then contact us.
When purchasing your own insurance, the process is more complicated than simply selecting a company plan and having the premium payments come straight out of your paycheck every month. Here are some tips to help guide you through the process of purchasing your own health insurance.
You may need to purchase individual healthcare coverage if you just turned 26, are unemployed or self-employed, work part-time, starting a business that will not have employees, or have recently retired, but didn’t reach Medicare age yet.
If you do not have the option of enrolling in an employer-sponsored health insurance plan, a good source for gaining insurance coverage is through the Health Insurance Marketplace that was created in 2014 by the Affordable Care Act (ACA).
Under the provisions of the Affordable Care Act (ACA) of 2010, young people can be covered as dependents by their parents’ health insurance policy until they turn 26 years old. After that, they must seek out their own insurance policy.2
WHY YOU SHOULD PURCHASE HEALTH INSURANCE
If you find yourself in one of the above situations and lack health insurance coverage, it’s important to enroll in an individual plan as soon as possible. Even though you’re not required to have insurance, you cannot predict when an accident will occur that will require medical attention. Even a minor broken bone can have major financial consequences if you’re uninsured.
While you may not be able to afford the same kind of plan an employer would offer you, any amount of coverage is more advantageous than going without. In the event of a major accident or a long-term illness, you will be prepared.
If you purchase insurance through the Health Insurance Marketplace, you may be eligible for income-based premium tax credits or cost-sharing reductions. The Health Insurance Marketplace is a platform that offers insurance plans to individuals, families, and small businesses.
The Affordable Care Act established the marketplace as a means to achieve maximum compliance with the mandate that all Americans be enrolled in health insurance. Many states offer their own marketplaces, while the federal government manages an exchange open to residents of other states. This year NJ started its own GetCoveredNJ.gov.
Getting your own health insurance policy is not be as easy as signing up for an employer’s plan but at least you have control over the plan you get. Once you figure out what you need and become familiar with the terminology used to describe health insurance plans, your research will become easier. With the number of options available, you can probably find a plan that meets your needs—and your budget. In our office we can help you research, navigate the market for the individual insurance and obtain subsidy at the marketplace if you’re eligible.
BUYING PRIVATE HEALTH INSURANCE
IF YOUR EMPLOYER DOESN’T OFFER TO YOU HEALTH INSURANCE AS PART OF AN EMPLOYEE BENEFITS PROGRAM, OR YOU LOST YOUR JOB AND THE INSURANCE IT PROVIDED, YOU MAY BE LOOKING AT PURCHASING YOUR OWN HEALTH INSURANCE THROUGH A PRIVATE HEALTH INSURANCE COMPANY.
It is common to be concerned about how much it will cost to purchase health insurance for yourself. However, there are various options and prices available to you based on the level of coverage you need. And based on the income you earn. A premium is the amount of money an individual or business pays to an insurance company for coverage for coverage. Health insurance premiums are typically paid monthly. Employers who offer an employer-sponsored health insurance plan typically cover part of the insurance premiums. If you need to insure yourself, you’ll be paying the full cost of the premiums.
Looking to start the process? Download the application form here and then contact us.
When purchasing your own insurance, the process is more complicated than simply selecting a company plan and having the premium payments come straight out of your paycheck every month. Here are some tips to help guide you through the process of purchasing your own health insurance.
You may need to purchase individual healthcare coverage if you just turned 26, are unemployed or self-employed, work part-time, starting a business that will not have employees, or have recently retired, but didn’t reach Medicare age yet.
If you do not have the option of enrolling in an employer-sponsored health insurance plan, a good source for gaining insurance coverage is through the Health Insurance Marketplace that was created in 2014 by the Affordable Care Act (ACA).
Under the provisions of the Affordable Care Act (ACA) of 2010, young people can be covered as dependents by their parents’ health insurance policy until they turn 26 years old. After that, they must seek out their own insurance policy.2
WHY YOU SHOULD PURCHASE HEALTH INSURANCE
If you find yourself in one of the above situations and lack health insurance coverage, it’s important to enroll in an individual plan as soon as possible. Even though you’re not required to have insurance, you cannot predict when an accident will occur that will require medical attention. Even a minor broken bone can have major financial consequences if you’re uninsured.
While you may not be able to afford the same kind of plan an employer would offer you, any amount of coverage is more advantageous than going without. In the event of a major accident or a long-term illness, you will be prepared.
If you purchase insurance through the Health Insurance Marketplace, you may be eligible for income-based premium tax credits or cost-sharing reductions. The Health Insurance Marketplace is a platform that offers insurance plans to individuals, families, and small businesses.
The Affordable Care Act established the marketplace as a means to achieve maximum compliance with the mandate that all Americans be enrolled in health insurance. Many states offer their own marketplaces, while the federal government manages an exchange open to residents of other states. This year NJ started its own GetCoveredNJ.gov.
Getting your own health insurance policy is not be as easy as signing up for an employer’s plan but at least you have control over the plan you get. Once you figure out what you need and become familiar with the terminology used to describe health insurance plans, your research will become easier. With the number of options available, you can probably find a plan that meets your needs—and your budget. In our office we can help you research, navigate the market for the individual insurance and obtain subsidy at the marketplace if you’re eligible.
Better to be lucky than rich. – said my grandmother. I was once again convinced of this wisdom when I met the insurance agent Mira Segal. Mira does not use advertising. Good fame about her passes from mouth to mouth. I’m lucky. In this high-level woman, professionalism is enhanced by her purely human qualities. From the first minute I felt that such an important matter as my health insurance was in good and reliable hands. A complete understanding of my specific situation, a deep analysis of medical problems and warm human participation gave me full confidence in the correctness of my choice. Thank you, Mira, for your help! Thank you fate for our meeting!
DINA PEREPELITSKY, VICE PRESIDENT, BANK OF NEW YORK MELLON
Better to be lucky than rich. – said my grandmother. I was once again convinced of this wisdom when I met the insurance agent Mira Segal. Mira does not use advertising. Good fame about her passes from mouth to mouth. I’m lucky. In this high-level woman, professionalism is enhanced by her purely human qualities. From the first minute I felt that such an important matter as my health insurance was in good and reliable hands. A complete understanding of my specific situation, a deep analysis of medical problems and warm human participation gave me full confidence in the correctness of my choice. Thank you, Mira, for your help! Thank you fate for our meeting!
DINA PEREPELITSKY, VICE PRESIDENT, BANK OF NEW YORK MELLON
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