Individual Health Insurance

There are a handful of options for individuals and families who are looking for health insurance coverage.

Health Insurance

Ever since the passing of the Patient Protection and Affordable Care Act in 2010, often referred to as Obamacare or the ACA, health insurance coverage has seen a dramatic change across the US. The law allows individuals and families looking for health insurance coverage to pick a plan through an insurance company, while also accessing a tax credit to help cover the cost of insurance. The amount of tax credit is determined by each individual/family’s household size and income. Some qualify for $0 coverage because their tax credit covers the entire bill, while others make too much to qualify for any tax credit.

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Learn About the plans

Individual Health Exchange

For those who qualify for a sizable Advanced Premium Tax Credit from the federal government, enrolling in a plan from the exchange will be their most advantageous option. By law these plans cover preexisting conditions, accept anyone who is enrolling during a valid enrollment period, and are the only plans where the tax credit can be utilized. 

Cancer, Heart Attack & Stroke Plans

If your family history naturally increases your risk for cancer, heart attacks, or a stroke you may be eligible to enroll in a policy that pays you a sum of money ($5,000-$30,000) if you are diagnosed. 

Dental, vision, & hearing insurance plans

Dental and Vision coverage can be purchased at any time. These options are customizable to allow one to purchase the coverage that they want.

Health Savings Account

Some ACA compliant health plans allow the enrollee to set aside money on a pre-tax basis, and spend that money for healthcare expenses. When the account is fully funded, these tax savings can amount to thousands of dollars annually.

Let’s Talk about Health Insurance

Learn more about HSA’s

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Whether you have Medicare Advantage or a Medicare Supplement Insurance plan for traditional Medicare Parts A and B (original Medicare) depends on your preferences and

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Whether you have Medicare Advantage or a Medicare Supplement Insurance plan for traditional Medicare Parts A and B (original Medicare) depends on your preferences and

Read More >

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Whether you have Medicare Advantage or a Medicare Supplement Insurance plan for traditional Medicare Parts A and B (original Medicare) depends on your preferences and

Read More >

INDIVIDUAL HEALTH EXCHANGE

The healthcare exchange, also known as the Health Insurance Marketplace, serves as a pivotal platform facilitating access to affordable health insurance for millions of Americans. It offers individuals and families a diverse array of insurance plans from various providers, empowering them to select coverage that best suits their needs and budget. One of the key benefits of the healthcare exchange is the provision of Advanced Premium Tax Credits (APTC), which serve as financial assistance to help individuals afford their chosen insurance plans. These credits are based on income and household size, effectively reducing the monthly premiums that individuals are required to pay. By leveraging the healthcare exchange, individuals can explore different insurance options, compare prices, and ultimately secure coverage that offers both comprehensive benefits and financial stability. A person can only enroll in a plan either during Open Enrollment or after a Qualifying Life Event such as marriage or divorce, losing other insurance coverage, or moving.

Cancer, Heart Attack & Stroke Plans

Cancer plans act like a small life insurance policy that will pay the enrollee a lump sum of money when a diagnosis occurs. Heart Attack and Stroke policies act similar to the cancer policies. 

Dental, vision, & hearing insurance plans

Dental, vision, and hearing insurance plans provide coverage for essential healthcare services related to oral health, eye care, and auditory well-being, respectively. Dental insurance typically covers routine services such as cleanings, fillings, and oral surgeries, while vision insurance helps offset the costs of eye exams, glasses, and contact lenses. Similarly, hearing insurance may cover hearing tests, hearing aids, and related services. 

For individuals who are new to dental insurance, waiting periods are common before certain services are covered. These waiting periods vary depending on the insurance plan and can range from a few months to a year. During this waiting period, the insured individual may not have coverage for certain dental procedures, which can impact their ability to access timely care. It’s important for individuals considering dental insurance to understand these waiting periods and how they may affect their coverage options and healthcare decisions.

Health savings account

Contributing to a Health Savings Account (HSA) offers individuals notable tax advantages, particularly when paired with a High Deductible Health Plan (HDHP). One of the primary benefits is the ability to make pre-tax contributions, which reduces taxable income for the year of contribution. This tax deduction applies regardless of whether the individual itemizes deductions on their tax return or not. Furthermore, any interest or investment earnings within the HSA are tax-free, allowing the account to grow over time without incurring additional tax liabilities. Withdrawals from the HSA for qualified medical expenses are also tax-free, providing a tax-efficient way to cover healthcare costs. Additionally, HSA contributions can be made by either the account holder or their employer, further enhancing the potential tax savings. Overall, HSAs offer a valuable avenue for individuals to save for current and future healthcare expenses while enjoying significant tax benefits, contingent upon enrollment in an HDHP.