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Individual Health Insurance: The Process and the Plans

Individual Health Insurance Plan, Health Insurance Policy

Whether you decided to retire early but haven’t reached 65 or took a job that doesn’t offer health insurance, an Individual Health Insurance Plan is most likely right for you.

 

This offering, created by the Affordable Care Act, may provide health insurance subsidies that lower the plan’s monthly cost. It does require that individuals sign up every year during the Open Enrollment period, which for this year is November 1, 2022, through January 15, 2023.

However, to the untrained eye, this health insurance may look tricky. Here are a few tips to help you find the right plan.

What You Need to Know for 2023 Coverage

Individual Health Insurance, Health and Benefits - Portrait View of Smiling Successful Business Colleagues in a Modern Office

 

  • If you have coverage through us, you will receive a letter about how benefits and costs may
    change next year.

 

  • Compare your current plan with other available programs.
    It’s essential to log in and check if there’s a better value, even if you’re happy with your current plan. We can assist with comparing options and ensure you don’t make costly mistakes.

 

“A lot of people think that because nothing changed in their lives – their income is the same, the same household — nothing will change for their policy or their premiums, and that’s just not true,” states Aaron Dibona, AIDI Insurance Professional.

  • Select the health plan that best fits your budget and health needs.
      • What hospitals and doctors are “in-network”?
      • Does the plan cover your current medications?
      • Is there a deductible associated with your medications?
      • Is prior authorization required to have your medications covered?
      • Look at the Summary of Benefits and Coverage – Make sure it covers ACAs 10 Essential Health Benefits.
  • Meet with a professional
    We are trained and ready to sign you up for the right plan. You can call, videoconference, or meet with us in person. Most importantly, we are impartial as to which health insurance plan may be best for you. Before the meeting, assemble all the necessary documents, such as Social Security cards and tax returns.
  • Enroll in a plan from November 1, 2022, to January 15, 2023.
    Pay your first month’s premium by December 15, 2022, for your coverage to start on January 1, 2023.

Final Thought on Individual Health Insurance

 “Individual health insurance plans remain a popular option for many people, especially if they are receiving subsidies.  Since there is no underwriting on these plans, we can help most people,” echoes Dibona.

We Help You Obtain the Best Individual Healthcare Plan

Advance Insurance Design Inc LogoWhen offering individual health insurance, we are particularly interested in ensuring you stay healthy. ACA pays up to 100 percent of the costs of preventative healthcare, such as checkups, screenings, and vaccines.

Health insurance is a complicated topic, so contact us today to find out more about getting the ideal plan.