This coverage has been the most talked about insurance over the last several years, due to the Affordable Care Act (ACA). Most people call this newer law Obamacare. While the policies provide valuable protection for you and your family, the changes have caused a rapid increase in the cost of coverage. The law mandates that you have a qualified policy, and penalizes those who don’t. If you have a gap of 90 days or more without a “qualified” plan, there is a tax penalty.
If your income fits within set parameters, you could qualify for financial assistance in the form of an “advanced premium tax credit”. This tax credit is available to those who qualify, by way of a reduction in the monthly cost for your health policy. You go through the steps on the http://www.healthcare.gov website, and then find out if you qualify. This is when we would want to talk. After you find out whether or not you qualify, we can then look into which company and plan best meets your budget and healthcare needs. If you would like for me to be your agent, you will need to provide the following information when you apply on http://www.healthcare.gov. They ask if someone is assisting you, and this is where you would enter my information.
My name: Jerrell L. Mitch
My business name: Apex Insurance
My NPN number: 6258436
If you do not qualify for the tax credit you have other options. You can purchase “direct”, which means that we apply directly with an insurance company. There are also alternative plans that some may qualify for.
It is very important that we talk about your situation before you do anything, so that you do not waste your time pursuing the wrong plan.
To see if you qualify in general for a tax credit, please click on the Federal Marketplace link on the right margin of this page.
Christian Share Programs
There is an alternative to purchasing a qualified individual or group policy. Christian share ministries are considered qualified by the ACA law (Obamacare). These programs do meet the requirement to have qualified coverage, so you would not be responsible for the tax penalty. There are five programs that existed prior to the ACA law going into effect, which will qualify through the ACA. No other programs will be allowed. One of these programs has the best design compared to the others.
Medi-Share is the name of the program, and they are now available through some agents. These programs are not insurance, nor does Medi-Share guarantee coverage. You pay a monthly share instead of a monthly premium. There is an annual household portion, which is similar to a deductible. This is the amount of bills that you cover on your own, before your bills can be shared. The shares you pay go into your share account, and are then dispersed to those in the program who have sharable needs. Unlike the other Christian sharing programs, Medi-Share doesn’t have an annual or lifetime maximum amount that can be shared. The idea is that those in the program follow the biblical model of sharing each other’s needs, and praying for each other’s needs. This program has always met the needs of those who have joined the program. The program is designed by those who share in it, as you will have a vote on how the program functions. The program does utilize a national network of preferred providers to control your cost to the program.
Short Term Medical Coverage
This year Oregon is again allowing short term medical policies to cover you for the entire year of 2018. National General has their short term medical plans available with an automatic renewal every three months, so coverage can run for the entire twelve months of next year. They are also offering two upgrades that make the coverage better, and they claim that one of the upgrades makes the total package ACA compliant. In other words, you would not have to pay the 2.5% tax penalty for having non-compliant coverage. To explore the costs and coverage, please click on the National General logo. Then answer their questions. You can add the optional plans to see what is covered, and how the plans work together. Until you click on the button to actually purchase the coverage, you can keep looking over the information without starting the policy.
Taking care of your dental health is very important to your overall health. The cost would start at only $33 per person per month. This coverage is high quality, but there are waiting periods for the more expensive treatments. If you were covered by another dental policy for the last year, the waiting period may be waived. Otherwise, dental plans have a six month to one year wait for the more expensive services.
This insurance product is often overlooked by families, and is usually very affordable. If you or a loved one were suddenly gone, what expenses would cause a problem to your family? The loss of the deceased person’s income can cause severe budget issues, and some very tough decisions. Some of the areas of concern would be the mortgage or rent payment, automobile loans, student loans, credit card bills, and other consumer debt. The future or current cost of college for the children. Monthly income for your family. The cost to cover these needs is very low for most people. The cost if you don’t have this coverage is definitely life changing.
Insuring your paycheck is quite valuable. What important things would go away along with your income? This is not the easiest product to obtain, but is invaluable in protecting your way of life.
Long Term Care Insurance
This product covers the cost of a nursing facility, or the cost to be cared for in your own home. Those with a family history of Alzheimer’s, Dementia, or Stroke, should definitely look at this type of insurance plan. Many others will have a need for long term care insurance as well, but these types of conditions raise your need to a higher level. End of life conditions quite often require long term care, and this product would be an obvious help in saving the finances of your family.
If you have any further questions, feel free to call me or submit a request for me to contact you below.