Many employers offer group health insurance to their employees. This insurance will cover medical expenses for the employee and eligible family members and will most likely be the most cost-effective coverage available because premiums are based on the power of group insurability and because the employer may pay part or all of the insurance premium.
If, however, your employer does not offer health insurance coverage, you should obtain individual family health insurance. You may be insurable through a group such as an organization of which you are a member; or, if you’re over 50 years old, you may qualify for insurance through membership in the (American Association of Retired Persons).
The Affordable Care Act (ACA)
Under the Affordable Care Act, individual and family healthcare policies are available through various online insurance exchanges. The policies offered, and the costs for each, vary widely; however, income-based subsidies are available to help lower-income individuals offset the cost. The Certified Application Counselors at Schultheis Insurance are trained to explain the program and certified to help you complete an application for coverage.
While all healthcare policies are now required to meet certain minimum standards, you may also make insurance decisions that will affect the amount of your premiums. For example, you may choose a higher deductible amount that you would pay before the insurance coverage begins. Your Schultheis Insurance Agent can help you make the decisions about the type of coverage you need and can advise you about the companies whose plans best suit your needs.