LET US HELP YOU FIND A COST-EFFECTIVE, HIGH QUALITY HEALTH PLAN
THE HEALTH INSURANCE MARKETPLACE helps you find health coverage that fits your needs and budget. Every health plan in the Marketplace offers the same set of essential health benefits, including doctor visits, preventive care, hospitalization, prescriptions, and more. You can compare plans based on price, benefits, quality, and other features important to you before you make a choice.
You may qualify for tax credits or other help to pay for health insurance costs.
Open Enrollment Period runs from November 1 to December 15, 2020 and coverage starts January 1. If you don't act by December 15, you can't get health insurance unless you qualify for a Special Enrollment Period.
HOSPITAL INDEMNITY. Hospital indemnity insurance (also known as hospital confinement insurance or simply hospital insurance) is supplemental medical insurance coverage that pays benefits if you are hospitalized. While health insurance pays for medical services after copays, co-insurance, and deductibles are met, hospital indemnity insurance pays you if you are hospitalized, regardless of any other coverage you may have.
CRITICAL ILNESS. In the late 1990s, a new financial product was developed to help consumers cover expenses associated with critical illness. Appropriately, it’s called Critical Illness Insurance. This specialized insurance provides a lump-sum, tax-free payment should a policyholder suffer from certain specific critical conditions.
MEDICARE. Original Medicare includes Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance). You pay for services as you get them. When you get services, you'll pay a deductible at the start of each year, and you usually pay 20% of the cost of the Medicare-approved service, called coinsurance.
MEDIGAP also known as Medicare Supplement Insurance. They cover your above mentioned 20% of the the costs (coinsurance, copayments, or deductibles and some other medical charges) of Medicare-covered services. Some policies cover certain costs not covered by Original Medicare.
PART D. If you want prescription drug coverage with Original Medicare, in most cases you will need to actively choose and join a stand-alone. If you are entitled to Original Medicare Part A and/or enrolled in Medicare Part B, there are 2 ways you can get Part D Prescription Drug coverage.
Enroll in a separate, or standalone, Medicare Part D Prescription Drug plan (when you turn 65 or during Open Enrollment)
Choose to join a Medicare Advantage plan (Part C) that includes drug coverage. (Not all Medicare Advantage plans include drug coverage. Review the details of any plan before you enroll.)
PART C, also known as Medicare Advantage. This is a type of Medicare health plan offered by private companies that are Medicare-approved. They are considered an alternative to Medicare and cover all the expenses incurred under Medicare. Advantage plans cover additional costs not paid for by Medicare including vision, dental, and hearing expenses
LONG TERM CARE. Long-term care insurance steps in if you develop a health condition that requires you to receive care and supervision. This could mean home health care, nursing home care or personal or adult day care. Many people mistakenly believe that Medicare or Medicaid would cover their care expenses, but this is often not the case. Without long-term care insurance in place, you may burn through your life savings or have no choice but to rely on a family member for care. Long-term care insurance is worth it because it protects your assets, spares your family from financial and emotional stress, and puts you in control of your health decisions.
