Given a 31 Percent Cost Increase For Most Popular Obamacare Plans, Consumers Must Compare Coverage Alternatives
Health insurance products that are widely available alternatives to Obamacare have not experienced the same rise in premiums. For example, a short-term health insurance plan (with a deductible and out-of-pocket cost comparable to a 2018 Obamacare Bronze plan) can be purchased for less than
Georgia:
For consumers who are priced out of the individual market and lack employer or government health insurance coverage, there are three well-established alternative forms of health coverage: short-term health insurance, healthcare sharing ministry plans, and health benefit insurance:
- Short-
Term Health Insurance is a form of major medical insurance designed to bridge gaps between other forms of health coverage, and has been offered by insurance companies such as UnitedHealthCare® for over three decades. Like other major medical health plans, short-term health plans include coverage for doctor and specialist visits, hospitalization, emergency care, and lab tests. Most plans allow a member to choose any doctor or hospital. - Healthcare Sharing Ministries plans are technically not insurance but a group of individuals and families who have joined together to share the cost of healthcare across the group. Members must agree to live by certain religious codes, such as limited tobacco and alcohol use. Generally these plans do not discriminate based on age, weight, or health history. Members are not limited to any network and may seek providers both in and out of state.
Health Benefit Insurance is a form of indemnity medical insurance and has been offered to by insurance companies such as Aflac® for over six decades. Heath benefit insurance plans will pay a fixed cash benefit to members in the case of covered medical event such as a doctor visit or hospital stay. Health benefit plans are often combined with supplemental insurance products such as accident or critical illness insurance, as well as supplemental non-insurance services such telemedicine.
Consumers should understand that these three alternatives generally will not cover pre-existing conditions and may not offer all of the ten essential health benefits included in an ACA plan. Consumers may also be subject to the
*Price increases cited are from a HealthPocket study. There are multiple other studies that may differ a little due to differences in the methodology used to calculate increases. For instance,
HealthPocket and AgileHealthInsurance are the registered trademarks of
AgileHealthInsurance.com was created to educate people about the benefits of short-term health insurance and provide a fast, online process for purchasing these plans. Short-term health insurance is a flexible and low-cost major medical insurance for individuals without expensive pre-existing health conditions. It is not Obamacare. Short-term health plans offer consumers the flexibility to choose health plans with the benefits that matter most to them and combine these benefits with broad provider networks. Additional information about AgileHealthInsurance can be found at www.AgileHealthInsurance.com.
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SOURCE AgileHealthInsurance
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