The decision of choosing between enrollment for health insurance directly through the marketplace or a professional service provider can be confusing. Since the introduction of the Affordable Care Act or ACA in 2010 under the Obama administration, the term ‘Obamacare’ has become an important highlight in the healthcare services ecosystem. The ACA or Obamacare serves crucial advantages such as coverage for pre-existing health conditions alongside offering affordable health insurance.
However, registering for insurance directly through the marketplace can also have certain setbacks. In such cases, you would have to rely on professional insurance agencies to enroll for healthcare coverage. As one of the most trusted insurance agencies, we at myObamacare believe in helping everyone find accessible and affordable healthcare. Let us show you the benefits of enrolling for health insurance coverage with us rather than directly through the marketplace.
What is the Affordable Care Act?
Before you find the reasons to choose us over directly enrolling through the marketplace, you must understand the importance of the Health Insurance Marketplace. The Health Insurance Marketplace is a trusted platform to access insurance plans for families, small businesses, and individuals.
It is important to note that the Health Insurance Marketplace has been established according to the Affordable Care Act or ACA. What is the purpose of the marketplace? It helps millions of Americans in availing the benefits of health insurance coverage. Different states have their own marketplaces, and the federal government has deployed an exchange for residents from other states.
The Affordable Care Act, or Obamacare, was implemented to reform the healthcare industry by offering low-cost insurance coverage to eligible Americans. The legislation features cost-sharing reductions alongside premium tax credits for lowering the insurance expenses for individuals and families with low income. Furthermore, ACA also implies that insurance plans offered through the Health Insurance Marketplace cover important preventive services without any cost to policyholders.
What are the Advantages of Obamacare?
The most crucial aspect that can help you make a decision about enrolling directly through the marketplace points to the advantages of Obamacare. For example, the ACA helped over 16 million Americans in obtaining health insurance coverage within the first five years of its introduction. Obamacare has ensured that insurance companies should spend at least 80% of insurance premiums on healthcare and medical improvements. On top of it, the Affordable Care Act has also prevented insurers from making unexplainable increases in premium rates. As a result, people could access a broader range of insurance coverage options.
One of the most significant highlights of Obamacare is the opportunity for people with pre-existing health conditions to obtain coverage. Before the ACA, people with pre-existing health conditions such as cancer experienced difficulties in obtaining insurance coverage. However, insurers cannot deny insurance coverage on the grounds of pre-existing health problems under Obamacare.
In addition, enrolling for health insurance directly through the marketplace ensures that you can cover more screenings and preventive services in the insurance plan. On top of it, you could also avail of prescription drugs at lower costs. Most important of all, insurance companies could no longer have a specific limit of insurance coverage for customers.
Why Should You Enroll for Health Insurance through myObamacare?
The benefits of the Affordable Care Act show that any eligible US citizen could avail of insurance coverage with limited complexities. However, it is also important to pay attention to the setbacks with the ACA Health Insurance Marketplace for exploring alternatives. Here are some of the notable setbacks you can come across by enrolling through the marketplace.
- Higher PremiumThe ACA has increased the number of services included in insurance coverage through the Health Insurance Marketplace. Insurance companies could offer a broad range of benefits alongside insurance coverage for people with preexisting health problems. Therefore, people who have opted for health insurance plans have to pay higher premiums.
- The Robinhood EffectSince the implementation of ACA, many new taxes have been passed according to legislation. For example, taxes on pharmaceutical sales and medical devices. In addition, the ACA has also led to an increase in taxes for people in the high-income groups. Therefore, the wealthy are practically paying for the insurance of the economically underprivileged section of society.
- Preparations for Enrollment DayThe ACA website showed multiple technical issues when it was introduced for the first time. As a result, people experienced difficulties in enrolling for insurance coverage. However, customers have also pointed out the challenges in finding the right coverage plan.
How Can myObamacare Help You with Insurance Coverage?
We at myObamacare, help customers in finding affordable healthcare insurance coverage. Our primary aim revolves around offering education and guidance for enrolling in the right health insurance plans. You can rely on myObamacare for faster access to customer service alongside personalized attention to your healthcare needs. On top of it, you could also find a detailed explanation of available health plan options to choose the ideal coverage.
You can consult with live enrollment agents at myObamacare, who could help you find answers to all questions about the enrollment process. The live enrollment agents are licensed local health agents, thereby ensuring that you can receive credible responses to your questions about enrolling for insurance coverage.
In addition, you can also rely on responsive customer service agents for help with understanding different health plans and the associated costs. The guidance of licensed professionals could ensure that you can find healthcare insurance coverage plans according to your personal healthcare requirements. On top of it, myObamacare also offers you peace of mind for avoiding unwanted costs and choosing plans with affordable premiums.
Conclusion
The advantages of enrolling directly through the Health Insurance Marketplace established by the Affordable Care Act have transformed the state of healthcare in the US. However, it is also important to understand that the marketplace could lead to setbacks such as higher premiums. In addition, the lack of information about enrollment period and required procedures for enrollment can create problems in availing health insurance coverage. Therefore, you can rely on trusted insurance agencies such as myObamacare to enroll for health insurance plans according to your personal health needs.
