Making Sense of Marketplace Insurance Available Options

Here is a Marketplace option for you to enroll yourself or your family for the upcoming plan year.

We have a lot of great information for you regarding Marketplace health insurance open enrollment below. Here is an option that serves Mississippi residents for those of you who want to compare options immediately.

Obtaining health insurance for you and your family can be confusing and very stressful. At Mississippi Group Health, we have trained extensively to make the process as seamless and comfortable as possible, leaving you knowing that you made the very best choice for you and your loved ones when providing for their protection.

Open enrollment is now upon us for Marketplace major medical plans.

It is now your chance to have the major medical health plan you need or change your existing Marketplace coverage. Mississippi Group Health is the perfect place to get all the answers to your questions and help match your unique situation to a plan that can fit your budget.

For 2021, open enrollment begins on November 1st and ends on December 15th, 2020. All new plans and changes will be implemented and take effect on the 1st of the year 2021.

Don’t miss your chance for valuable coverage that includes true major medical benefits that no family or individual should be without. Get covered for everything from emergency care to wellness visits to prescriptions. You may even qualify for financial help.

Open enrollment is the only time during the year that you can get new Marketplace coverage or make any changes to your coverage for the new year of 2021.

The exception to this is a qualifying life event or a change of your status. Such changes would allow you to pick up new coverage or make changes to your coverage outside the open enrollment time frame. These changes may include involuntary loss of other coverage, a marriage, birth or adoption of a child, legal separation or divorce, or death within the family.

Who can be included in this coverage?

The answer is everyone that you claim as a dependent up to the age of 19. Actually, everyone in the household must be included in the coverage you select. People on Medicaid, Medicare, or a qualified group health plan are ineligible. If a parent or both parents are on a qualified group health plan, the children or remaining dependents are also eligible for the marketplace plan.

When choosing the right coverage, you have to consider price versus benefit. Generally, the less you spend on premiums, the more out of pocket expenses you may incur. This is a matter of personal affordability and the need for added security; however, CSR (cost-share reduction) and financial assistance can also be a factor. 

It’s a good idea to look at your medical expenses for the last year or two to help you pick out the plan that will work best. Also, having an idea of upcoming health concerns may drive your decision for a richer plan or not. No one can exactly predict the future, of course, but making certain observations when planning is certainly a great idea.

Our agency is the perfect place not only to pick up coverage to protect you and your loved ones, but it is also the place to be educated, informed, and enlightened on every single option available. We do not charge any fees to assist you in helping compare plans/enroll. We highly recommend talking to us before enrolling in any plan on your own. Your unique personal situation can mean that some thought and care should be used when choosing the right coverage.

All Marketplace plans are accepted in all counties in Mississippi.

Also, they utilize telemedicine, which is where you can access multiple varieties of health-related services and information by way of electronics. With the current pandemic, it is nice not to have to leave your home’s comfort when accessing care. This platform allows you to see a doctor or other healthcare provider without an office or hospital visit. Providers can evaluate, diagnose, or consult remotely.

The following is a guide to see if you and your family can qualify for federal aid for 2021 if you make one to four times the 2020 federal poverty level for your household size. For a family of four, that range is from $26,200 to $104,800. Keep in mind that the total income is of the whole family combined. Also, this is based on projected income for 2021 and not the prior year’s income.

CSR or Cost Share Reduction is where your out of pocket expenses are greatly reduced. The amount of CSR is based on income in addition to the lowering of premiums. With our agency, you can count on us determining these savings factors without confusion and complication.

If you already have a Marketplace/HealthCare.Gov plan in place currently, the simplest thing to do is just let it roll over. However, you may seriously be selling yourself short by not exploring new options based on the changes in the last 12 months.

These changes can be the type of changes that have happened to your and your family. They can be things like if you or anyone in your family needs elective surgery, a change in your or your spouse/partner’s employment, the number of people in the household, or possibly the number of visits to the doctor were less than you expected.

The other types of changes could apply to the plans that are offered for the new year. There is possibly a different option or options that were not available during the prior enrollment period. All of these factors can have a major influence on your choice of what plan you should go with.

Lastly, we are here for you. We will do everything to help assist you in any way possible after the plan is in effect. We realize that serving our client’s needs with compassion, patience, and professionalism is key to our success in the industry. Call us today, don’t wait, because once open enrollment ends, your chance of having the protection of the important health benefits you deserve is gone.