Health insurance is confusing - do you get a high deductible plan, low co-insurance, an HSA eligible plan - what are the best options!?!? It can almost sound like a different language. Let us help you. YourVirtualBenefits.com is licensed in Arizona and California and does not have allegiance to any one particular plan. We are looking out for your budget, your needs, your future and your family. It costs you nothing extra to have your own virtual Benefits Department - so contact us today!
Why get an Individual Health Insurance Plan?
The main reason people get health insurance - even healthy people who don't have medical problems is to protect themselves financially! Your medical insurance:
- Protects you against medical bills that can cost thousands or even millions of dollars.
- Affords you to get regular checkups from your doctor - so you can become aware of major health problems - early detection is critical with many diseases.
- Keeps your family safe - children are especially prone to illnesses, broken bones and have a need for vaccinations. Children receive better medical care when you have a good medical policy protecting them.
- Studies have shown that those with health insurance have a 25% better mortality rates than those without insurance. So bottom line - you have a better chance of LIVING if you have health insurance!*
Individual Insurance Plans and Healthcare Reform
Most Healthcare Reform proposals will not take affect until 2014. Once the law takes effect on 1/1/2014 here is what will happen:
- Insurance companies will not be able to refuse coverage for pre-existing conditions. Effective immediately, if you've been denied coverage due to a pre-existing condition or you've been without insurance for at least 6 months - you may qualify to buy health insurance.
- You will be able to buy insurance on state-based health insurance exchanges. But keep in mind, it will still be many of the same carriers YourVirtualBenefits.com currently offers that will be on the exchanges - there will not be government run healthcare plans.
- You will be required to have health insurance of you'll have to pay a tax penalty. The penalty will be $695 per year up to a max of $2,085 per family or 2.5% of household income. The penalty will be phased in gradually over 3 years.
- You won't get "FREE" health insurance - subsidized insurance will be available for low income families.
You need health insurance today - maybe you just lost your job, your starting your own business, or your employer has raised the cost of the premium too high. There is no reason to wait until 2014 to get coverage! If you have an individual plan now and you like the coverage, you can keep the plan through 2014 and later - and you will not be hit with a tax penalty. Keep in mind - if something better comes along - there is no contract with health insurance - it is month-to-month coverage. Of course at YourVirtualBenefits.com want you to be satisfied long-term, so contact us anytime you want to make changes or look at other options!
*Source - Science Daily