Still uninsured? Beware Obamacare's narrow network
Do your homework and take note of the limited number of health care providers and networks offered through the exchanges.
This post comes from Krystal Steinmetz at partner site Money Talks News.
Still don't have health insurance? Time is running out. The deadline to sign up for health insurance is just days away.
If you're still searching for coverage, take heed of the following:
Many health insurance plans sold on the Obamacare exchanges swap lower premiums for a narrow provider network. Be aware of this when you're signing up for coverage, because going out-of-network could come at a cost, Kaiser Health News says.
These may include: separate out-of-pocket maximum costs for out-of-network services, potential charges for preventive care services that are free under your network plan, and higher co-payments.
Deadline and penalties
You have until March 31 to enroll and pay for a plan or face a potential penalty of $95 or 1 percent of your income, whichever is higher. The penalty will be assessed on next year's tax return. The penalty for uninsured children, under age 18, is $47.50, with a maximum penalty of $285 per family.
The only way you can sign up for individual health insurance after March 31 is if you have a qualifying life event, like moving out of state, changing jobs or having a baby.
Only those who use the online government marketplaces to buy insurance are eligible for a subsidy, in the form of a tax credit, to help them afford the premiums. But if you make too much money to qualify for a subsidy, you might want to consider purchasing a health insurance plan from a certified insurance website or use a certified insurance broker to help find a custom plan for you.
This leaves you with greater flexibility in choosing your health insurance and the possibility of a broader provider network. But you still need to enroll by March 31.
Changes are slated for Obamacare in 2015. The Obama administration is ordering the insurance marketplaces to "include a more robust offering of care providers in 2015," The Washington Post said.
Health plans offered on the government marketplaces next year will be required to include 30 percent of area "essential community providers," like health centers and hospitals that serve mainly low-income patients. The 2014 requirement was 20 percent.
Are you uninsured and still looking for a health insurance policy? Share your experiences in the comments below.
More on Money Talks News:
It is ignorance to said that Texans are free of the penalty just because Rick Perry didn't signed.
The only thing that Texans don't get is extended Medicaid, but the penalty is still there.
'next time up', "guberment'!!! You need to go to school.
The article does not state what happens when you don't make enough money. According to the ACA, if you are a Texas resident with two children, you have to make more than $41K before they will offer you the choice of a policy. Otherwise you are stuck with Medicaid. For the person I know, Medicaid is not a viable option due to available facilities. They are willing to pay for quality care, but have found that ACA prevents that.
Check on the private market, they direct you to the healthcare exchange if you are unemployed.
If you don`t like Obamacare don`t sign up for it.Just pay higher rates and make the drug
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