3 Key Takeaways From ACA/Obamacare Health Insurance Plans

Health insurance can be a tricky topic. It can be understandably difficult for individuals to decide which health insurance plan is best for them. With the Open Enrollment period right around the corner, here are 3 key takeaways to better understand ACA/Obamacare plans..

1.) Open Enrollment is from 11/01 — 12/15 in most states

Generally speaking, the annual open enrollment period for the ACA only lasts six weeks. This means that during the holiday season, you have a small window to enroll into coverage.

2.) ACA plans cover preexisting conditions

ACA plans are required by law to cover preexisting conditions. If you’re currently going through treatment and don’t have coverage, this is a great time to get yourself a plan to help cover those expenses.

3.) Tax-Credits are available to those who qualify

Depending on your household size and income, you may qualify for a tax-credit. This is a discount, in form a subsidy, to help lower the monthly cost on your health insurance. This can significantly reduce your premium cost or even potentially make your health insurance free!

Always speak with a licensed insurance professional when discussing health insurance.