Remove Broker Remove Out-Of-Pocket Remove Premium
article thumbnail

Four reasons to not wait until January to enroll in an ACA health plan

Healthinsurance.org

Delayed enrollment might mean missing out on free money. Or you might have opted to buy ACA-compliant coverage outside the exchange , if you weren’t eligible for premium tax credits (subsidies) the last time you looked. The premium that your insurer charges is likely changing for 2025. Letting your plan auto-renew?

article thumbnail

ACA open enrollment: what’s new for 2025

Healthinsurance.org

State-funded health insurance subsidies change in several states In addition to the ACA’s federal premium subsidies and cost-sharing reductions, several states offer additional state-funded subsidies that further offset enrollees’ premiums, out-of-pocket costs, or both. 4 For 2025, the program is expanding.

Premium 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Medical Health Insurance Broker Can Simplify Your Choices

Smart Insurance Agents

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

article thumbnail

Top Tips for Choosing the Best Broker for Medical Insurance

Smart Insurance Agents

A broker for medical insurance can simplify the process. In this article, we’ll explain the benefits of using a broker, how to find a reliable one, and key questions you should ask. This guidance is particularly valuable as brokers have a legal obligation in many states to assist clients in finding the most appropriate insurance plans.

Broker 52
article thumbnail

Short Term Health Insurance Illinois

Smart Insurance Agents

Affordable Premiums: Short Term Health Insurance Plans typically offer more affordable premiums compared to long-term health insurance plans. Short Term Health Insurance Illinois: No longer available as of January 1, 2025. They can use the Find Local Help tool on GetCoveredIllinois.gov to find our navigators in their area.

article thumbnail

How to Reduce Your Commercial Property Insurance Costs: Tips and Strategies

Jackson & Jackson

Increase Your Deductible Increasing your deductible is one of the simplest ways to lower your insurance premiums. This means you will pay more out of pocket in case of a claim, but your monthly or annual insurance costs will be lower. Ensure the broker is well-connected with multiple insurers to get various quotes.

article thumbnail

What consumers need to know about unauthorized Marketplace plan changes

Healthinsurance.org

The story was first reported in early April 2024 by Julie Appleby, and CMS subsequently released a statement, acknowledging the problem and noting that the agency is “ taking swift actions to protect consumers from unauthorized activity by agents and brokers.” What should consumers do?