Six Common Questions and Answers for Purchasing Health Insurance in Leland NC
Purchasing health insurance in Leland NC can be full of ambivalence, especially if you have not done this before. At Schnitzer-Slate Insurance Agency, we are committed to make the process as simple and pain-free as possible. One of the ways we will do so is by answering your common questions to help you be rest assured about purchasing health insurance.
Questions and Answers about Health Insurance
• What are the penalties if I do not have health insurance?
In 2010, The Patient Protection and Affordable Care Act mandated that the majority of Americans have health insurance. Those who not have health insurance will be penalized monetary wise. The payment for not having health insurance can be determined per individual or household income.
A per-household-income-penalty for being without health insurance in 2017 is a tax of 2.5 percent of your income. Individual penalties are $695 dollars per adult and $347.50 dollars per minor.
• Is my employer mandated to offer me health insurance?
Companies who had employed 50 or more employees were mandated to offer 95 percent of their full-time employees health insurance. The health insurance that they are required to offer must cover at least 60 percent of their services and cost less than 9.5 percent of their pay. Workplaces will have their own open-enrollment period.
• Where can I purchase health insurance?
There are several different sources that you can purchase health insurance from if you cannot purchase health insurance through your employer. You can purchase health insurance through an exchange, which is a market place that is run by the state or federal government. You can purchase directly from an insurance company or broker. You may even be eligible for government subsides, tax credits, and Medicaid.
• Can I purchase health insurance at any point during the year?
You can only purchase a health insurance plan during open-enrollment period. Open enrollment is typically November into December for coverage to begin the new year. Open enrollment in most states is 45 days, but some states extend it.
If you miss open enrollment, you might still be able to purchase health insurance in Leland, NC if you qualify for special enrollment, which is if you or an immediate family member gets married, has a child, loses coverage through divorce, death, or job loss; moves to a different area; gains citizenship; released from prison; has income that impacts subsidy eligibility.
• What health insurance is right for me?
Marketplace insurance plans come in five different categories.
• Bronze
• Silver
• Gold
• Platinum
• Catastrophic
These categories determine your out-of-pocket costs, not the quality or quantity of your healthcare. The right health insurance for you is dependent upon your needs, wants, and the amount of money you are able to and/or willing to pay out-of-pocket. If you need more coverage, gold or platinum may be a better option for you. Catastrophic is only for those under 3o years-old or can claim a hardship exemption.
Schnitzer-Slate Insurance Agency is Here for You
If you are ready to purchase health insurance in Leland NC, call us at Schnitzer-Slate Insurance Agency at 910-338-0686 or visit our website www.healthplannc.com. Our representatives will be happy to assist you in your endeavor.
Questions and Answers about Health Insurance
• What are the penalties if I do not have health insurance?
In 2010, The Patient Protection and Affordable Care Act mandated that the majority of Americans have health insurance. Those who not have health insurance will be penalized monetary wise. The payment for not having health insurance can be determined per individual or household income.
A per-household-income-penalty for being without health insurance in 2017 is a tax of 2.5 percent of your income. Individual penalties are $695 dollars per adult and $347.50 dollars per minor.
• Is my employer mandated to offer me health insurance?
Companies who had employed 50 or more employees were mandated to offer 95 percent of their full-time employees health insurance. The health insurance that they are required to offer must cover at least 60 percent of their services and cost less than 9.5 percent of their pay. Workplaces will have their own open-enrollment period.
• Where can I purchase health insurance?
There are several different sources that you can purchase health insurance from if you cannot purchase health insurance through your employer. You can purchase health insurance through an exchange, which is a market place that is run by the state or federal government. You can purchase directly from an insurance company or broker. You may even be eligible for government subsides, tax credits, and Medicaid.
• Can I purchase health insurance at any point during the year?
You can only purchase a health insurance plan during open-enrollment period. Open enrollment is typically November into December for coverage to begin the new year. Open enrollment in most states is 45 days, but some states extend it.
If you miss open enrollment, you might still be able to purchase health insurance in Leland, NC if you qualify for special enrollment, which is if you or an immediate family member gets married, has a child, loses coverage through divorce, death, or job loss; moves to a different area; gains citizenship; released from prison; has income that impacts subsidy eligibility.
• What health insurance is right for me?
Marketplace insurance plans come in five different categories.
• Bronze
• Silver
• Gold
• Platinum
• Catastrophic
These categories determine your out-of-pocket costs, not the quality or quantity of your healthcare. The right health insurance for you is dependent upon your needs, wants, and the amount of money you are able to and/or willing to pay out-of-pocket. If you need more coverage, gold or platinum may be a better option for you. Catastrophic is only for those under 3o years-old or can claim a hardship exemption.
Schnitzer-Slate Insurance Agency is Here for You
If you are ready to purchase health insurance in Leland NC, call us at Schnitzer-Slate Insurance Agency at 910-338-0686 or visit our website www.healthplannc.com. Our representatives will be happy to assist you in your endeavor.