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Alabama Health Insurance

Approximately 5 million residents call Alabama home. About half the population is covered by health benefits by their employers, and 36% are covered by Medicaid and Medicare. About half a million people lack health care benefits.

Maybe you’re one of the hundreds without health care, you’re at greater risk of high medical costs and debt. If you reside in Alabama and are looking around for a policy change, there are a range of insurance offerings open to you.

Find Affordable Healthcare That’s Right for You

When will the 2021 Open Enrollment Date be?

You will partake in a contract via the Health Care Exchanges during the Open Enrollment Period (OEP) from 1 November to 15 December 2020. Coverage continues on 1 January 2021.

In 2020, 160,249 Alabamans registered for health coverage via healthcare.gov during the Open Enrollment Period.7 This is a decline from 2019 when 166,128 individuals signed up for health benefits in the Health Insurance Exchanges.

If you need protection beyond this time, you might be eligible for special enrolment if you encounter a qualifying life case. Qualifying life experiences refer to people who have left their employment, wed, had a child or moved to a new city or state.

Health Insurance Premiums in Alabama?

In 2020, 40-year-old people will pay $553 for the second-lowest-cost silver (benchmark). This is a $7 rise from 2019 where the Baseline Package cost $546.9 for 2021 health care premiums, the State approved a spike of 5.1% for the average non-subsidized premium, or a monthly increase of $35.10.

The amount you pay for your insurance depends on the amount you select. The median marketplace premium for metal tier for 2018-2020 is as follows:

What are the Alabama Health Care Subsidies?

If your salary is big, you could be qualified for incentives, such as the Advanced Insurance Tax Credit, also recognized as Obamacare Subsidy. These subsidies make Marketplace’s policies more competitive and will significantly reduce the prices.

For instance, the average price of monthly healthcare insurance premiums in Alabama is $669 free of subsidies. However, the estimated monthly cost for Advanced Premium Tax Credit is only $123 a month—giving you savings of $6,552 a year. Check the 2020 subsidy diagram and the calculator to see which subsidies you might be qualifying for.

What firms are selling private health care schemes in Alabama?

The State has witnessed turnover among insurers selling plans under the Affordable Care Act (ACA). Initially, three firms were selling plans:  United Healthcare, Humana, and Blue Cross Blue Shield. Blue Cross Blue Shield of Alabama and Bright Healthcare are presenting proposals for 2021.

What if you qualify for Low-Income Coverage?

If you’re low-income, you can also get decent health care through the following choices:

• Medicaid- With a reduced income or disability, you might be entitled to receive treatment by Medicaid. As of November 2019, nearly 750,000 Alabamans had registered in Medicaid. You can apply if the salary is less than or equal to 146 percent of the Federal Poverty Line. For a family of three, your income cannot surpass $2,643 per month.
• All Kids- ALL Kids is a low-cost child coverage service for children below the age of . If the family follows the income restrictions, ALL Kids have preventive treatment, access to a sick child clinic, immunizations, and more. Your child must be a U.S. resident or qualified alien and not protected by any other insurance. As of November 2019, more than 173,000 children were enrolled in ALL Kids.

What If You Qualify for Medicare?

If you are above 65 years of age, you are eligible for Medicare coverage. Most citizens have Medicare Part A premium-free. This version does not have a premium for as long as you or your partner have worked and paid Medicare taxes for a defined duration.

If you are not eligible for Part A premium-free Medicare, you might choose to order it. You’ll have to spend up to $458 a month to do this.

In Alabama, nearly 650,000 people are participating in Original Medicare, whereas approximately 390,000 are enrolled in the Medicare Benefit Plans. An estimated 365,124 state people are registered in the Medicare Part D—a stand-alone prescription medication coverage. 

Although Medicare is generally for people aged 65 or older, in some conditions, you can apply for insurance. If you have been eligible for Social Security payments for at least 24 months, have Lou Gehrig’s disease, receive a disability pension from the Railroad Retirement Board, or have a chronic kidney failure, you will qualify for Medicare. Contact Health Insurance Plans today at (833) 572-0898 for quotes for whatever form of insurance package you choose in Alabama and clarification on other options that are available and effective.

Call for your Quote Today

Stop waiting around! The right insurance provider is out there and we’re going to make sure you’re covered for the foreseeable future. Accidents can happen any time whether it’s day, night, workdays, or holidays. Insurance is the best way to prepare for the unpredictable, and a great way to secure your peace of mind. Give us a call today or fill out the form for a quote – you’ll be glad you did!

References and Resources

• Open Enrollment for 2021 has concluded
• Alabama health insurance