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Think About 2021 and Sign Up for Health Insurance Now

Free and low-cost insurance alternatives are open, particularly for all those who have lost their jobs or are doing worse than before.

Without a doubt, most of us are excited about 2021. This is the best time for most people to register for health care coverage. Here’s an opportunity to look forward, beyond this tough moment, to the blank slate of 2021. 

Sure, it isn’t the most thrilling thing to worry about. But at least that’s something you can do now and be in charge of next year. It’s particularly important if you’ve lost your health insurance in 2020 due to job loss, or if you’ve had to limit your hours of work – or if you’ve not had any insurance this year at all.

What if I Got Insurance Through My Job or a Family Member’s Job?

Many companies offering health coverage use October and November as the Open Enrollment window for 2021 programs. Be sure you know the date.

Choose carefully if you have a choice of plans. Don’t just look at how much the package would cost you per month – look at how much you’re going to have to pay if you go to a clinic, emergency department, or hospital.

If you have a high-deductible plan, you’re going to spend for coverage before the insurance kicks in – so it’s still necessary to have cash at hand in case you get sick. You can save the money, little by little, in a savings account. You don’t get charged on the money you deposited in your account.

Good news: if you have a health problem, you won’t get your company’s coverage implemented even if the Affordable Care Act is declared unconstitutional in 2021, and even though there’s no way to keep it going or fix it. An earlier statute defends people with community health schemes from this. But if you have a pre-existing illness, the overturned ACA will change the form of protection you will find if you want to quit your job or risk your job.

However, the Affordable Care Act ensures that you don’t have to pay for those forms of health care, and that you will take care of a grown child under the age of 26 with your package. These rules, and others, can change if the law is thrown out in court and there is no solution or substitute

What if I Have Public Health Insurance?

There’s a new online app that lets you evaluate different insurance policies, like prescription drug plans, and choose the one that best suits your needs. And there are new benefits that will reduce the cost of treatment for those with diabetes who require it, depending on the plan they want. The fate of the Health Care Act in court will not affect the provision of drug and patient care services.

The Affordable Care Act closed a ‘donut hole’ for the cost of prescription medications that had historically plagued people. This meant that certain people continued to pay hundreds or thousands of dollars for their drugs before a disastrous plan began. If the ACA goes down, the donut hole will come back until Congress and the President patch it in 2021.

What If I Have an Insurance Plan I Bought Directly?

Millions of citizens purchase their policies from the Federal Exchanges, and the Open Enrollment for these plans starts as early as now. The Michigan Medicine team will help you assess your choices, or you can get more free help. And if you like the schedule that you had in 2020, you can contact Health Insurance Plans at  (866) 358-2150 or review what’s available for 2021.

Current policies have reached the marketplace, and some plans have lowered their cost. If your salary goes down in 2020 and you might stay down in 2021, you could be eligible for financial aid even if you weren’t there before. Those incentives or subsidies will potentially lower the prices.

The Affordable Care Act established the Marketplace and financed financial aid for individuals at such income thresholds. It also mandated plans available on the Marketplace Platform to cost the same for everyone, even those with pre-existing medical conditions. While health insurance providers will also encourage you to purchase insurance directly if the ACA is repealed without substitution, the government would not help with premiums, and employers will charge extra for those with health problems.

Are you wondering how to go about securing valid health insurance for you and our family? This is a good decision since you will not pay out of pocket for medical consultation and services. At Health Insurance Plans we have competent insurance advisors who will help you enroll in the best insurance plan. Contact us at (866) 358-2150 and get a quote right away or for more information.

References and Resources

• Open Enrollment 2021 guide
• When is the open enrollment deadline for 2021?