Open Enrollment ( Obamacare )in the Healthcare Marketplace for 2023 coverage ends January 15th, 2023. Even if you miss the deadline, you may qualify for the Special Enrollment Period
(SEP) so don’t lose hope. Today we would like to explain the advantage of choosing a Silver Plan when you sign up for Obamacare.
The Health Insurance Marketplace® offers four health plan categories: Bronze, Silver, Gold, and Platinum. Each plan has its own merits as far as coverage and cost are concerned. Choosing a Silver Plan can allow you to take advantage of even more savings.
Live in Boca Raton and struggling to pay for healthcare? Maybe you need to cut prescription costs in Port St. Lucie or Greenacres. People in Palm Beach County and throughout the Treasure Coast rely on us to get signed up for Obamacare and obtain affordable health insurance. Call Absolute Best Insurance at (561) 420-0280 or click here to learn more.
Lower All of Your Healthcare Costs With a Silver Plan
Let’s talk about Cost-Sharing Reductions (CSR). Part of our job when helping you find ACA health insurance is to help you apply for coverage. After submitting the application, we learn if you qualify for tax credits that lower your total health insurance bill. We also learn if you qualify for extra savings with CSR.
The catch is that if you do qualify for CSR, you must sign up for a Silver Plan to take advantage of the savings available. Qualification is based on your income, where you live, and how many people live in your home. Cost Sharing Reductions lower your out-of-pocket expenses by:
- Lowering your deductible. Your deductible is what you have to pay before your health
insurance kicks in and starts paying its share of your coverage. A Silver Plan with CSR
can reduce your deductible by hundreds of dollars.
- Reduce your out-of-pocket maximum. If you have an extended stay in the hospital or a long-lasting illness, your medical expenses will add up fast. The out-of-pocket
maximum puts a limit on how much you are responsible for in a coverage year. A Silver Plan with CSR can reduce that amount by thousands of dollars.
- Lower your copayments. Every time you visit the doctor, you have to make a copayment, also known as coinsurance. Having to visit a specialist typically costs more than seeing your primary doctor. By taking advantage of the Silver Plans available, you could cut those costs in half.
Cost-Sharing Reductions have made ACA Silver Plans the number-one choice for health insurance coverage.
Absolute Best Insurance Will Help You Choose the Right ACA Health Insurance Plan.
Don’t go through the process alone, let one of our agents help you navigate the application process at no additional charge. We ensure you get comprehensive health insurance coverage that takes care of every healthcare need for you and your family. Call Absolute Best Insurance in Greenacres, Port St. Lucie, and Boca Raton at (561) 420-0280 or click here.