Health insurance may be the most important type of insurance you need. That is because it affects more areas than just your health, it can also affect your financial bottom line.

Unexpected medical bills can devastate your finances. Health insurance does not just help you pay for care, it can also financially protect you and your family in the event of an unexpected medical event.

Unpredictable costs can rob your peace of mind. You do not want to be in the position of adding “money stress” to an already stressful medical situation. Since care costs are so unpredictable, proper coverage can give you definite peace of mind in knowing you are protected from most of these costs.

Uncovered illness can eliminate your options. Proper coverage means you have options. When you do not have insurance, you are at the mercy of the healthcare system, which often means no care at all.

On March 23, 2010, President Obama signed the Affordable Care Act. This law was designed to bring comprehensive health insurance reforms, hold insurance carriers accountable for costs, and give more consumers access to health care. 

Each year, there is a period called “open enrollment," which generally runs from November through December 15th unless there is a special enrollment period or an extension announced by the government. During this time, you can shop and apply for a new health insurance plan if you find your current plan unsuitable or if you are uninsured. Once open enrollment period ends, you cannot buy or change a plan unless, you have a qualifying life event (such as losing your current coverage, getting married, or having a baby).

Consumers are also offered tax credits if their household income falls below established thresholds. The law also requires penalties, based on income or number of dependents, for consumers who choose not to participate in a health care plan.

Until recently, most people got their health insurance from their employer, and those with lower incomes received coverage from Healthcare.gov or GetCoveredNJ.com.  However, more and more, people are buying private health insurance plans to tailor a plan specifically for themselves and their families.

In 2019, most states eliminated the individual mandate penalty. However, if you live in New Jersey, California, Massachusetts, Rhode Island, and the District of Columbia the original mandate and penalty for being uninsured still applies.

We can help you simplify what seems complex, and help you choose from quality, competitive medical, dental, vision, and supplemental or voluntary plans. As an independent agency, we have access to all the best carriers.

Contact us today, and we will help you protect what matters most.