The rising medical service expenses have become a matter of concern for every individual, especially for marginalized communities. It is not possible for everyone to pay for huge healthcare expenses instantly. This is where health insurance comes in as a savior.
Health insurance is designed to cover finances in case of a medical emergency. Insured individuals get long-term benefits that empower their healthcare treatment decisions. At myObamacare, our main objective is to provide affordable health coverage to everyone in need and to build strategic partnerships with organizations that align with our commitment to helping marginalized communities. We are also committed to providing education on healthy lifestyles, which is often underrepresented in Black and Brown communities.
Importance of Health Insurance in Daily Life
Health insurance plays a pivotal role in daily life by providing financial protection against unexpected medical expenses. It ensures access to necessary healthcare services that include preventive care, which can help detect potential health issues as soon as possible and improve health outcomes. With health insurance, individuals can afford regular check-ups, vaccinations, and required treatments without getting restricted due to higher costs.
Moreover, healthcare insurance plans promote peace of mind. It lets people focus on their well-being rather than worrying about medical bills. Health insurance also fosters a healthier community by encouraging individuals to seek medical attention when needed.
At myObamacare, besides insurance plans, we also offer wellness programs and resources that support healthy lifestyles, further enhancing well-being. Our team spreads awareness to invest in health insurance to safeguard health, ensure access to necessary care, and provide safety and financial stability in times of medical need.
You can use your insurance for necessary prescriptions, understanding your copayments. Additionally, you can take advantage of wellness programs and resources we offer, like mental health support. Understanding the benefits of our health insurance plans will empower you to make informed decisions about your healthcare.
Overview of US Healthcare Costs and Insurance
Now, healthcare costs have increased from 4.1% in 2022 to USD 4.5 trillion or USD 13,493 per capita.
Among the total costs, physician services are the second largest category of health costs; the average annual growth rate was 4.2% for physician services, compared to 4.4% for hospital care and 4.7% for prescription drugs from 2012 to 2022.
The average American witnesses great healthcare expenses every year. Rising premiums, higher deductibles and copays, and prescription drug prices contribute to spikes in healthcare costs.
Despite a reduction in health services during the pandemic, the Centers for Medicare & Medicaid Services (CMS) projects that national health expenditures will reach USD 6.8 trillion by 2030.
With the advent of the Affordable Care Act’s coverage provisions, the uninsured rate among Black Americans was reduced by 10 percent. It was 20.9% in 2010 and decreased to 10.8% in 2022. The Black community is more suspected of experiencing serious mental disorders. So, they must have a health insurance plan. Concerning this, at myObamacare, we have brought affordable healthcare plans and resources for the Black and Brown communities.
Our Health Insurance Features
It is important for everyone to get access to affordable healthcare plans. Our team will make it easy for you to get the necessary and required coverage as quickly as possible.
- Live Enrollment Agents
Our agents are available during business hours to answer your queries and resolve issues. We have licensed health agents to take care of live enrollment and guide our clients throughout the enrollment process.
- Affordable Health Plans
The Affordable Care Act (ACA) has resulted in affordable health insurance and made it available for every community, which led us to offer cost-effective health insurance plans for our clients.
- Witness Quicker Results
You have to wait for days or weeks to start your healthcare plans. Our plans usually start within 48 hours. The annual check-ups include services such as mammograms, visits to the doctor, Rx Drugs, and prostate screenings.
- Guarantees Peace of Mind
We prioritize every community and individual to get maximum coverage with their healthcare plans. We ensure all pre-existing conditions are covered under our plan. Our plans include Mental health, drug abuse counseling, and free preventative care.
Benefits of Healthcare Insurance Plans on Medical Coverage
Our healthcare insurance covers maximum medical treatments and service costs. Let's check out the benefits of our affordable healthcare plans;
- Annual Checkups and Vaccinations
Our healthcare insurance plan covers annual check-ups and vaccinations at no additional cost. We promote proactive health management with our plans. We understand these healthcare services help to detect potential health issues at the earliest, ensuring timely treatment. Regular check-ups allow for personalized health assessments and lifestyle recommendations, while vaccinations protect against preventable diseases. By prioritizing preventive care, our coverage plan supports your well-being and helps reduce long-term healthcare costs.
- Pre-and Post-Hospitalization Expenses
When an individual receives treatment at a hospital, they typically undergo several doctor visits and necessary diagnostic tests both before and after treatment. These expenses are covered by certain health insurance plans. For example, health insurance plans cover the expenses related to hospital treatment and also include costs in the days leading up to hospitalization prior to the treatment.
Coverages Under Affordable Care Act Plans
After the Affordable Care Act passed successfully, it guaranteed the healthcare plans to cover the following services:
- Ambulatory patient services
- Hospitalization
- Laboratory services
- Mental health and substance use disorder services
- Behavioral health treatment
- Emergency services
- Pediatric services – oral and vision care
- Prescription drugs
- Pregnancy, maternity and newborn care
- Preventive and wellness services and chronic disease management
- Rehabilitative and habilitative services and devices
Final Thoughts
To support financing your annual health checkup, preventive care, and mental health problems, it is time to get yourself a health insurance plan. Get in touch with myObamacare to check out our plans under ACA in detail.
