Medical insurance for you and your family is not only required by law, it is a vital part of both your overall wellness and your financial protection. Consider that an emergency room visit for an uninsured person can cost, on average, up to $3,000. Likewise, the average uninsured American pays nearly $1,400 for prescriptions annually, whereas someone who is insured only pays an average out-of-pocket cost of $185. Recognizing the astronomical cost of medical treatments and prescription drugs means that it is necessary to have a comprehensive and affordable health insurance plan.
Health Insurance Requirements under the Affordable Care Act
Most individuals are required to have medical insurance, as mandated by the Affordable Care Act (ACA). However, finding the right plan at a reasonable price can be tricky. While individuals can satisfy the insurance mandate by obtaining coverage through their employers, that isn’t always an option. If you are self-employed, unemployed, or work for a very small business, you may be required to find an individual or family insurance plan. The The SIG Insurance Agencies do the leg work so you don’t have to. We understand the regulations outlined in the ACA and pass that knowledge on to our clients to ensure compliance. Likewise, we work with a variety of carriers to find you the plan that works best for your unique circumstances and fits into your specific budget.
Medical & Dental Coverage
The type of medical insurance plan that’s right for you depends on many variables; our agencies can help you answer these questions to find the perfect plan:
- To which network do your current doctors belong?
- Have you weighed the cost of monthly premiums against out-of-pocket expenses for copays and prescriptions?
- Would you prefer a higher deductible with lower monthly premiums?
In addition to medical care, proper dental care is important to your overall health. The The SIG Insurance Agencies can help you find a dental insurance plan based on your specific needs.
Healthcare for Seniors
Senior citizens have additional options when it comes to health insurance. Options are a good thing – even if they sometimes add an additional level of complexity to an already complicated process. For example, how does Medicare work in conjunction with the other types of medical coverage that you may have?
You qualify for Medicare if you are over 65 years old or have certain disabilities. The The SIG Insurance Agencies can help you sort through the different types of coverage available to you, such as:
- Medicare Part A and Part B
- Medicare supplemental coverage, such as Medigap
- Medicare Advantage Plans (Medicare Part C)
- Prescription drug coverage (Medicare Part D)
There is no need to try to understand the requirements of the ACA and sort through your different health insurance plan options on your own; we can help you do both. Contact us at (203) 359-0880 for more information on finding the plan that’s right for you.