Availing of health insurance is an essential step to financial security. After all, you wouldn’t want to save and invest all this money for it to be spent on hospital bills if you get sick.
Americans usually get their health insurance through a group health plan from an employer, ACA plans from private carriers or Medicare. While the group health plan may be easy to understand, ACA and Medicare can be confusing.
The ACA or Affordable care act is a series of laws that regulate the health insurance industry in the U.S. ACA is associated with the health insurances sold on the ACA exchange or marketplace. The premiums for these plans usually range from $326 to $865 per month depending on the state you’re in. Your benefits will also depend on the coverage level, but all levels cover essential benefits. This includes emergency care, prescription drugs, newborn care, and more.
Medicare on the other hand is a federally-funded health insurance program for adults over the age of 65 and younger people with certain disabilities and medical conditions. Most people receive Medicare part A premium-free while medicare part B costs $144.60 per month. Medicare part C and D can average between $35.55 and $52.23 per month. Your medicare coverage depends whether you are under medicare part A, B, C, or D. These do not cover cosmetic procedures, alternative therapies, and long-term custodial care.
Still confused? You might want to check with our national insurance associates in High Point, North Carolina on which life insurance you are qualified for. Come on over and visit us at Exemplar Insurance Associates, Inc.
We offer insurance services in North Carolina including life and final expense insurance, group health plans, dental and vision plans, and others.