The obama care health insurance in spanish cost depends on family size, age, plan you choose, and location.
For the Affordable Care Act provides grants to individuals and families as well as small, middle-income businesses and broadens medicaid free to low-income households.
The price of obama care health insurance in Spanish
E price of obama care health insurance in spanish it depends on several factors such as:
The cost
The cost depends primarily on the plan you choose, as all plans fall into one of four categories but all offer the 10 essential health benefits.
Categories of health insurance obama care in Spanish
Bronze
The bronze category has the lowest premiums, pays 60% of health care costs.
Silver
The silver category has higher premiums than the bronze category and pays 70% of medical costs.
Gold
The gold category has higher premiums than the silver category and pays 80% of health care costs.
Platinum
The platinum category has the highest premiums and pays 90% of health care costs. This is the ideal plan if you have a chronic health condition and therefore need frequent medical attention.
You need to compare the premiums for each category of plans including copayments, deductibles, and annual out-of-pocket maximums, because within a category, the lowest-premium plan may have a higher deductible.
Then you may pay more for health care costs when you get sick than with a plan with a higher premium and a low deductible, so you must assess how much the real health care costs are in order to determine the plan that will help you. reduce total costs.
Age
Age is another cost factor, as insurance companies charge higher premiums as they age, but no more than three times what they charge younger people.
The ubication
Location is another factor that influences cost, as health care is included in the cost of living and that cost of living is higher in some cities compared to others.
Wage income
If you have a salary income of 400% or less than the poverty level, you receive a subsidy. For example, if you have not married and your salary is $ 47,500, Obamacare indicates that you will not pay more than 9.5% of your annual income or $ 4,500 for the lowest silver plan. Your subsidy is the cost of the plan minus 4,500, so if your plan is $ 5,000, your subsidy will be the difference.
But if you want a more expensive plan, keep in mind that Obamacare bases the subsidies on the insurance cost of the lowest silver plan, so it will always be the same subsidized value and the difference will be paid by you.
Obamacare health insurance
In truth every plan of the obama care health insurance in spanish It has advantages and disadvantages with variable costs according to deductibles, plan co-payments and monthly premiums, but depending on your qualifications and eligibility you can access plans of $ 50 per month.
Where do I sign up for obamacare?
You can get an Obamacare plan by enrolling in open enrollment and if you lost it you can get the plan in a special enrollment.
If you qualify for special enrollment, it means that you or someone in your family has recently experienced an event such as a wedding, you moved, changed jobs, started health coverage or have had a child as some of the questions that qualify you.
If you meet certain requirements, the government helps you pay monthly premiums and out-of-pocket costs and if you have pre-existing medical conditions you cannot be denied coverage under Obamacare.
If you qualify for a special enrollment due to a life event or if you qualify for the CHIP children’s health insurance program or for Medicaid you can explain at any time, but before submitting the application review the previous estimates.
You can apply online, by phone by speaking with a customer service representative, who will help you complete the application and review your options to enroll in coverage.
You can also come in person and an aide from your community with special training will help you complete the application and enroll.
You can use a broker or agent to send the request by mail and you will receive a response within 2 weeks. The application can be submitted from November 1.
Obamacare insurance advantages and disadvantages
Advantages of Obamacare insurance
- Slows rising health care costs.
- Provides insurance with free preventive health care.
- Requires all health plans to cover 10 essential benefits: treatment for mental health, chronic illness, addiction, etc.
- Insurance companies cannot deny coverage for pre-existing health conditions.
- Health insurance companies cannot cancel or increase premiums if the beneficiary becomes ill.
- Eliminate lifetime and annual coverage limits.
- Children can stay in their parents’ health insurance plan until they are 26 years old.
- States establish insurance exchanges or use the federal government exchange, which makes it easier to buy plans.
Disadvantages
- Millions of people lost their employment-based health insurance.
- Many companies preferred to pay the fine.
- Increasing coverage also increased the overall cost of short-term medical care.
- Importers and manufacturers of medical devices had to pay a special tax of 2.3%, a tax that was suspended between 2016 and 2018.
- Families can make a deduction for medical expenses above 10% of income and previously deducted any expenses greater than 7.5% of income.