Health insurance is one of the most important purchases that you will make this year. With the open enrolment period coming up soon, it’s time to compare your Georgia Health Insurance options to find a plan that is both suited to your needs and your budget.
With Mutual Health Partners, you can discover the very best policies for any situation. There will be some minor changes in the marketplace next year, and this helpful guide will be the best starting point to ensure that you are covered for 2019.
Is the Obama Care Era of Health Insurance Over?
For the last few years, you’ve probably been familiar with the Obama Care health insurance rules. Formally known as the Affordable Care Act (ACA), Obama Care is still very much a part of the insurance landscape. There will be minor changes to the rules, but the simple fact is that you will still need health insurance in 2019 if you want complete peace of mind.
The biggest change for the upcoming year is that there will no longer be any Individual Mandate Penalty from the IRS. In previous years, you would be subject to a costly tax penalty if you didn’t have an insurance policy. Even though you won’t be penalized for not having insurance in 2019, it still makes sense to purchase a policy.
Certain provisions of Obama Care, such as essential health benefits, will still be utilized by Federal and State insurance programs. For Georgia health insurance, you can expect to receive the following benefits, even on the most basic policies…
- Ambulatory services, such as outpatient services.
- Emergency services resulting from accident or incident.
- Hospitalization (the duration and amount of coverage depends on your plan.)
- Maternity and newborn care. Otherwise known as pre and post-natal care.
- Prescription medications (endorsed by your doctor.)
- Mental health services including substance abuse services.
- Laboratory services (blood tests etc.)
- Pediatric services. This includes dental and vision services for your children or dependents.
- Preventative service or disease management services, including screening.
- Rehabilitation services following disease or injury.
As you can see, the essential health benefits are quite extensive. Even the most basic Georgia health insurance will offer coverage for all the categories listed above. Even if you don’t get sick throughout the year, you can still gain value from the essential health benefits. Screening services can help to prevent future diseases and illnesses, and they are determined by age, so you will always get the best tests for the most common risks. If you have children, then pediatric services will be particularly beneficial, even for routine visits with a primary care physician.
The tax penalty for not having insurance may be abolished, but the real impact of not having health insurance can be severe. Always provide a safety net for you and your family by purchasing Georgia health insurance each year.
Is Georgia Health Insurance Going to Cost More in 2019?
Due to changes made by the current administration, health insurance premiums are going to increase in 2019. The exact amount will vary from state to state, and from insurer to insurer. Depending on the type of insurance you need, you may not be impacted by the increased premiums.
If you are purchasing a “Bronze” insurance plan, then premiums will actually be less than those for 2018. If you are purchasing “Silver” or “Gold” tier health insurance for 2019 then the increase is likely to be between 7% and 10%. Note that these changes don’t take any applicable tax credits into account. Due to current tax breaks for families and individuals, you will likely come out slightly better off when all your finances are taken into account.
The Obama Care rules have been relaxed in some areas, so it is now possible to buy emergency health insurance that only provides a bare-minimum amount of coverage. This would be the most affordable type of insurance if you are under the age of 30 and rarely get sick.
Premiums vs Deductibles, Choosing Health Insurance Based on Your Needs
When you compare your Georgia health insurance options for 2019, you will have to decide between high deductibles or high premiums.
- With a high deductible plan, you will pay more out of pocket costs for medical services. If you don’t visit the doctor often and are in good health, then this could be the most affordable type of plan for you.
- With high premiums, your deductibles would be less, which could work out better over a year if you visit the doctor and use specialist services more often.
The best health insurance for you depends on your unique scenario. You should consider your current health, your age, and your recent medical history as you are choosing a plan. In some cases, it can be more affordable to pay higher premiums with lower deductibles for regular visits. If you’re young or otherwise healthy, then you’ll spend less money with high deductibles and low premiums.
As with many things in life, there is not a “perfect” plan for everyone. If you want to find the best policy based on your unique needs, then it’s time to talk to the experts at Mutual Health Partners.
Protect Yourself and Your Family with Georgia Health Insurance
The private marketplace open enrolment period will begin on November 1st, and you must purchase your health insurance by December 15th. This will the give you coverage from January 1st, 2019, up until January 1st, 2020.
Mutual Health Partners is the best place to compare different policies. With the help of our licensed insurance experts, you can gain access to the most affordable plans with the perfect level of coverage for your personal or family needs.
Don’t leave yourself at risk in 2019. Georgia health insurance provides a financial safety net while ensuring that you can get the necessary medical care whenever you need it.