Your guide to 2014 Health Plan Subsidies!

Obamacare


The Federal Health Insurance Marketplace in South Carolina


The following comes directly from the SC Department of Insurance: Exchange Basics Under the Affordable Care Act, individual and small group health insurance coverage will be available for purchase in online exchanges.  In South Carolina, these exchanges will be established and operated by U.S. Department of Health and Human Services.  These exchanges are in addition […]

Health Plan Subsidies & Pre-Existing conditions


Beginning on October 1, 2013 Americans will be able to begin enrolling in health insurance plans and receive subsidies to help pay for their health insurance plan premiums. In addition, as part of the new Affordable Care Act, insurance companies can no longer deny people based on their health. Even if you have major ongoing […]

Healthplan Subsidy Info from healthcare.gov


Below is a great simplified explanation of how health plan marketplace subsidies will work – straight from the source! When you use the Health Insurance Marketplace you may be able to get lower costs on monthly premiums or out-of-pocket costs, or get free or low-cost coverage. You can save money in the Marketplace 3 ways. […]

Subsidies will be determined by Income – NOT assets….


Something that was brought up with us today was the question of whether assets could prevent someone from qualifying for a healthplan subsidy in 2014. Presently, access to health plan subsidies under the ACA/affordable care act/PPACA/Obamacare are based on income, not assets. To be eligible for subsidized coverage, your modified adjusted gross income (MAGI) would […]