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SHORT TERM HEALTH PLANS
Could they be the best option for you and your family?
The alternative to expensive, high deductible, limited network Obamacare plans are Short Term Health Plans, that are
- comprehensive Major Medical
- with vast nationwide networks and re-pricing benefits
- more deductible choices
- are portable
- have next day coverage
- and you can enroll anytime.
Even if you are subject to a fine, the Short Term Medical Plan may be more cost effective, and with better coverage!
Short Term Health Plans are a great short term solution to the volatile and unknown future of the Affordable Care Act, AND can give you better coverage and protection!
An Alternative to Obamacare’s outrageous premiums, can save you thousands in premiums in 2016 and 2017, and have great, comprehensive coverage! Most individuals and families who are not subsidy eligible, and especially individuals and couples over 50 years old, qualify for an exemption to the Obamacare fines!
Nevada, get ready for health care rate hikes in 2017
No wonder Obamacare’s sixth birthday celebration on March 23 passed completely unnoticed. There are some big losers in this experiment in health care legislation and nothing to expound on its successes, because there really aren’t any.
Remember the “risk corridor provision” in the Affordable Care Act that guarantees insurers of their potential losses with Obamacare plans, commonly told to the public and sold to the health insurance companies as a means to adopt and expand into the new ACA marketplaces? The insurers that made profits in the new marketplace are required to place some of those profits in the risk corridor for those companies that lost in other geographic and demographic areas. Well, guess what? They all lost money or went out of business, including our own taxpayer-funded Nevada co-op as well as over half the co-ops nationwide. The oldest health insurance company in the world (120-plus years) stopped selling health plans forever. Health insurance companies were promised they would receive 100 percent of their losses; now it appears they will receive less than 13 percent of the losses due to Obamacare. Insurance companies and their stockholders have lost over $2.5 billion to date.
The results of this calamity will undoubtedly be extreme rate increases in the individual and commercial health insurance marketplace in 2017, and (or), there may limited or no areas that insurers will offer plans; they simply don’t want to market to areas where they will lose money. Yes, that means people who buy their own plans and employer sponsored plans will be affected – everything is Obamacare, including the plans you get from your employer. I urge everyone to be diligent and check out the Nevada Division of Insurance website for proposed rates for 2017, which should be available late May, approved Many Nevadans who pay for their own health insurance (individual plans) and don’t qualify for subsidies, saw their premiums rise an average of 250% when the Affordable Care Act went into effect in Nevada in 2014, two years earlier than was necessary, I might add. A couple in their mid-50’s were paying $500 per Month For an individual plan, that was extremely comprehensive with little out-of-pocket for wellness care, the same plan under the ACA in 2014 is $1300 with free wellness benefits. That seems extreme, and now they are paying close to $1500!
A few groups of citizens have been happy about the outcome of Obamacare: those who are now covered with free healthcare through expanded Medicaid, which is fairly admirable but plagued with fraud, as well as the vast majority of Nevadans who receive premium and cost-sharing subsidies, having their premiums and healthcare bills paid by their neighbors through statutory extortion. And because enrollment has stalled desperate government agencies let, with little or no accountability, ineligible people enroll to increase enrollment numbers, with about 2 Billion in unaccounted subsidies. The ineligible include, those with unmatched social security numbers, incarcerated, and dependents of employer plans, who are also ineligible to receive subsidies.
This is not good news for anyone who embraces Obamacare.
Do you qualify for an exemption? Contact us today to arrange for your FREE personal consultation with our health insurance experts.
Disclaimer: AFFORDABLE CARE ACT TAX
Term health insurance is not considered “minimum essential coverage” and you may be subject to the Affordable Care Act uninsured tax if you do not qualify for an exemption. To learn more about the tax and how consumers can determine if the combination of the tax and a Term Health Insurance premium can be cheaper than traditional insurance for their circumstances, please refer to our Obamacare Exemptions page. Term Health Plans may not be suitable for all family members, especially those with ongoing medical needs and remarkable pre-existing conditions.