Affordable Health Care Act - Ways To make ACA Approved Insurance Affordable

The Affordable Health Care Act is in place to make health care more affordable but is it really affordable? With medical bills being one of the main causes for bankruptcy and financial ruin in the United States, the Obama administration had intentions on making sure every American would have coverage. As a matter of fact, citizens of the United States will now receive a tax penalty if they do not having coverage. While the intentions behind the policy are from a good place, the fail safe to insure that health insurance remains affordable are not in place because there aren't any laws that keep insurance providers from increasing rates.

With an increased number of people purchasing policies, the health care carriers assume more risk. Although health care providers are usually non-profit, insurance is big business. In business, changes in the market place trigger adjustments in customer rates to support budgeted profit margins or increase them. Inevitably, health insurance rates will increase for the consumer which makes health care under the Affordable Health care Act not so affordable.

Is there anything you can do to offset some of the costs? Yes. There is.

Get a supplemental health care plan that will offset insurance claims and decrease the chances of making a claim. 
Just like with any insurance, increased risk of incidents will increase the cost of insurance. Owning a car that is a known target for car thieves will increase your car insurance premiums. You are more likely to place a claim for a stolen car than someone who does not own that type of car. Home owners that live in an inner city may pay higher premiums for home owner insurance because they are more likely to file a claim for burglary than someone who lives on a farm. However, those same companies offer discounts for every preventive measure you take to avoid making claims. Discounts for car alarms and anti-lock brakes. Discounts for home security systems and sprinkler systems. It's the same for health care insurance. There are supplemental care programs that decrease the odds of the customer filing a claim that the insurance company will have to pay thus decreasing the premium paid for health care insurance.

Avoid the tax penalty by making sure you have coverage by the deadline. 
Households who are not covered by the deadline will have to pay a tax penalty. That penalty will be as much as $1000 per household. No one wants to miss out on tax refund money.

Apply for the subsidy. 
The government understands that these policies can get expensive based on pre-existing conditions and family size. They are offering subsidies based on income and family size to help cover the cost of coverage.

All Americans must have health care insurance with the Affordable Health Care Act. While it may seem unaffordable, it is more costly to not have it. Having an ACA approved health care plan for your family helps avoid hefty tax penalties and government subsidies are available for certain household income levels. Supplement health care programs lower your risk of filing a claim, putting you in a place to receive discounts on your coverage.


Fancy Free, LLC. affordable Care Act compliant health care as well as supplemental care that save our customers money on their insurance. Call us at (410) 929-0302 for your free consultation and quote.

Health Care Reform - What Is It And Why Do We Need It?

Since health care insurance was established, the cost to have it has increased exponentially in the United
States. There is much evidence to support the health care providers have not been efficient in the way they provide service. Ordering unnecessary tests. Requiring in office visits for every single ailment. Billing for multiple services and in some cases, over billing. There was a time when insurance companies would reimburse these providers for every single billable item causing the cost of insurance to skyrocket. Increasing costs of healthcare insurance has made it so expensive that it is unattainable to millions of Americans. While reform will decrease the amount of money going into the pockets of providers and other companies, it is the only course of action that will make health care within reach of millions of Americans.

It is not uncommon for someone to pass away from a condition that could have been prevented had it been caught it the early stages. There are hundreds of thousands of cases that escalate because the patient did not visit the doctor during early stages of symptoms due to lack of healthcare insurance. Most bankruptcy cases include medical bills. In fact, medical bills affect many American's credit score. Why are medical bills such a burden to so many in the United States? Physicians not being held to a standard of efficiency that is cost effective. This is where health care reform is important and steps in to lower the cost of healthcare so that it is affordable to all.

The government is stepping in and holding health care providers accountable to make sure they are not over billing patients and having ethical relationships with manufacturers of healthcare products. This means that the billing of medicare and medicaid patients is being scrutinized to make sure doctors are running unnecessary tests and performing unnecessary procedures. Healthcare providers are being held accountable for the quality of care given to patients. No more billing insurance companies for readmitting a patient multiple times within one week for the same illness. In the past, manufacturers of drugs and devices would offer perks to physicians for "trying" their new product. Health care reform is put in place to regulate those kinds of relationships that prove to be unethical.

Health care reform is such a controversial topic because money is involved. Health care providers are, not only, going to see a decrease in net profits they will also have to make significant changes in the way they are practicing medicine. Change is a difficult thing for many to embrace. However, these changes will allow American citizens to access the medical care they need, when they need it without breaking the bank.

Fancy Free, LLC. prides itself on helping people sign up for ACA compliant health insurance. If you are in the market for healthcare coverage or you would like to create residual income by helping people get the coverage they, call us at (410) 929-0302.