With the new provisions included in the American Rescue Plan as of April 1st, 2021 health insurance has changed dramatically. Here are some examples of plans families in our areas could qualify for as well as some general information that may be helpful to you as you explore your options.
- Family of 5 making $61,000/year – Pays $200/month for Health Insurance
- Family of 2 making $100,000/year – Pays $300/month for their Health Insurance
- Family of 5 making $200,000/year – Pays $750/month for their Health Insurance
If you would like a quote – either GIVE US A CALL at 541-506-3773 or Click here for QUOTE!
The original Affordable Care Act (ACA) dramatically changed the health insurance landscape. Some of the highlights to this legislation are;
- All Qualified Health Plans have to offer the same Essential Health Benefits , so you know that from plan to plan, and carrier to carrier your benefits are similar.
- All plans are required to offer Preventive Services for free as long as you are using an in network provider.
- The ACA also set a cap on Out of Pocket Maximum . This is the most you have to pay for covered services in a plan year. After you spend this amount on deductibles, copayments, and coinsurance for in-network care and services, your health plan pays 100% of the costs of covered benefits.
- One other major change are Advanced Premium Tax Credits A tax credit you can take in advance to lower your monthly health insurance payment (or “premium”). These tax credits can dramatically reduce the cost of health insurance for individuals and families. Oregon uses Healthcare.gov to connect tax credits for families. This is the main function of healthcare.gov, they link up with federal databases (IRS, Social Security, Department of Homeland Security) to verify a families information and eligibility for tax credits.
- Our quoting tool above will help you understand how much credit you may be eligible for based on your families income.
This sounds like a lot of information, but we are here to help you understand all of these provisions, apply for subsidies (tax credits) and enroll in coverage. Our services are offered to you at no cost. We are paid by the insurance companies, so you pay the same to have us help you navigate all of this, or tackle it on your own.