MONDAY, OCTOBER 14, 2013
While there are many benefits of the Affordable Care Act such as:
- Guaranteed acceptance for individuals with pre-existing conditions
- Wellness benefits
- 10 Essential Health Benefits - click here to learn more
However the new plans that have just been unvailed in and out of the Illinois Public Exchange have been received with mixed feelings. If you've had insurance and have to convert your plan to an ACA compliant plan, you will see higher deductibles - $4,500 or even $6,000. Plus you will most likely see higher premiums. Health Insurance as we know it has changed. Individuals will have more out of pocket expenses for medical procedures, however keep in mind there are less out of pocket costs for Wellness benefits. You may have to choose a different plan, network, or move from a PPO to an HMO to keep your costs down.
If you didn't catch this article in the Chicago Tribune - it's worth reading.
http://articles.chicagotribune.com/2013-10-13/business/ct-biz-1013-obamacare-deductibles-20131013_1_health-care-overhaul-health-insurance-health-coverage
If you have any questions, please call us - we can help! 847-430-3342
Posted 2:26 PM
No Comments
Post a Comment |
|
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|