Since the passage of the Affordable Care Act, every taxpayer must carry some major medical health insurance. That confuses some individuals because there exist multiple types of medical coverage. Rather than purchasing from an advertisement, you need to know the difference between the insurance types and where to find the insurance coverage that meets the ACA qualifications. This blog explains the difference between hospitalization and preventative health care policies as well as pharmaceutical/prescription plans, so you can visit North Georgia Insurance Center of Commerce, GA to obtain the insurance coverage you need.
Major medical health insurance refers to Medicare and Medicaid health insurance plans for individuals, medical coverage for families, employer-provided health insurance policy, subsidy-purchased plans, and catastrophic medical plans. These all cover a broad range of costly medical issues that typically require hospitalization.
Some types of medical insurance do not qualify as major medical health policies, including gap insurance, which consists of critical illness, accident, and telemedicine policies, as well as short-term health policies. Pharmaceutical plans and preventative care, also called wellness plans, do not qualify.
You can compare plans in the health insurance marketplace, or you can meet with your insurance agent. You can only add insurance during open enrollment or if you qualify for a special enrollment period. The latter occurs due to a major change in your way of life, such as losing a spouse whose work provided insurance coverage or losing your job.
During open enrollment periods, you cannot get denied coverage due to a pre-existing condition. This ensure that every individual can obtain proper insurance. You will still get a choice between using a Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), Exclusive Provider Organization (EPO), Point of Service (POS), High Deductible Health Plan (HDHP). You can use a short-term health insurance plan if you miss open enrollment, so you have coverage until the next open enrollment period.
Contact North Georgia Insurance Center of Commerce, GA for more information on health insurance and help to determine which best meets your needs.