Under the Affordable Care Act mandate, consumers will purchase more than just shoes online; now they will browse the internet for health insurance. Individuals who currently lack health coverage, will have the opportunity to use an online marketplace in search of an appropriate plan that meets their needs. With open enrollment beginning October 1st, it is exceptionally important for the consumer to become familiar with the ACA and the specific health insurance options offered under it.
- There will be three basic tiers of coverage—gold, silver and bronze in addition to different levels of coverage within each tier. It is important the consumer takes their time when weighing options; how much risk are they willing to take (or pay) in case of an illness or injury?
- Once an appropriate price plan is determined, the next step is finding the proper insurer. Network depth varies by plan, making it important to check what doctors will be available under that precise plan.
- Remember, senior benefits will not be affected by the ACA’s health insurance marketplace.
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