Affordable Care Act Update

So where are we now on the institution of the new law? Well, the new individual plans are all out. You can see them all and price them all out by going to the Affordable Care Act page on our website, under the research center tab. Here are a few things to know.

First, you can purchase health insurance without going to the Illinois Marketplace(exchange). The purpose of going to the exchange is primarily to get a tax credit(subsidy) from the government. If you don’t qualify for that, there is really no need to go to the Federal Exchanges.

Second, the plans have changed. Most of the new plans have higher out of pocket costs than their predecessors, however they have certain coverages which were mandated by the law, which they may not have previously had. Our agency can help with determining the available plans and coverage.

Third, there is no underwriting with the new plans. They are guaranteed issue with no preexisting conditions. It makes the application process easy. You can apply online through our website. We are here to help you at 847-907-4520.

Lastly, the new plans tend to be more expensive. Sorry about that, but no matter what the politicians and media tell you……that is the truth. You’ll see that when you price them out.

With all of the trouble the exchanges have experienced, I wanted you to know you can still purchase insurance. You can, if you choose, get to the exchange through our website. Give us a call and we’ll explain. We can also walk you through the entire process. Remember, we are your place to go regarding your health insurance, as well as your personal insurance needs.


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