Trumpcare Insurance for 2019 – How Much has Changed?

It’s critical to understand the differences between Obamacare and what has now become known as Trumpcare when you choose your health insurance for 2019. Although there is a misconception that the Affordable Care Act is no more, the reality is that very little has changed regarding your insurance options and the amount of insurance that you will need to buy to remain compliant with insurance rules.

If you are purchasing insurance for 2019, then the following information will help you to understand your options.

The Affordable Care Act is Still in Place, Despite the Name Change

Obamacare entered the public consciousness when the Affordable Care Act was first introduced. With President Trump’s election into office, there were several changes proposed that would make the Affordable Care Act more flexible for Americans.

The Affordable Care Act, as the name indicates, was designed to provide more affordable insurance for Americans. Those who were without coverage found that they were able to get better options when the Act was first passed into law. Because much of it remains intact, it is still possible to find affordable plans. The only key difference is that some of the changes could now make premiums higher for some individuals and families. While this may seem concerning, the reality is that the current structure is likely to work out better for your needs.

While some premiums will increase, there will be lower premiums for alternative healthcare plans. While the Obamacare version of the Affordable Care Act was quite stringent and only beneficial to a relatively small group of the population, the Trumpcare version of the act will mean that individuals can now try different insurance packages offered by private insurers.

The result is more choice, and potentially lower premiums when you want to purchase limited coverage that suits your needs. If you found that the rules under Obamacare were not suited to you or your family, then policies for 2019 will likely be much more appealing to you.

Do Private Insurers Still have to Follow Insurance Rules Set by Congress?

The changes with Trumpcare do not mean that insurers have complete freedom regarding the type of health insurance they offer. There are still some specific rules that all insurance companies must adhere to. As has been mentioned, and this is critically important; the Affordable Care Act remains in effect. There are subsidies for individuals and families on mid-income ranges, and states can still use elements of Medicaid to provide coverage for those in the lowest income ranges.

The key takeaway is that rather than forcing private citizens to buy insurance under Obamacare, there will now be more flexibility to look outside of the Affordable Care Act insurance market.

Healthy competition in the insurance market could lead to better overall health care plans that are more suited to unique scenarios. No family or individual has the same medical or insurance need, and Obamacare grossly overlooked this in many ways.

If you were concerned that president Trump’s efforts to change insurance rules would work out negatively for you, then you can set aside any fear. Any new rules implemented in the coming years are highly likely to benefit the population. Major changes will need to be passed into law by elected representatives, and there will also be a period of public discussion.

In short, if you are purchasing insurance for 2019, then the change from Obamacare to Trumpcare should not represent any real negative impact.

Subsidies Have Not Been Eliminated

Obamacare aimed to make subsidies available for certain groups of the population. These subsidies were never fully implemented by lawmakers and existed in a kind of legal grey area. Despite some of the news coverage, there are still heavy subsidies available in many different scenarios. Insurers also have incentives to provide discounts to qualified customers.

Overall, you are now more likely to be able to get the insurance that you need at a price that works within your budget.

The Key Facts When You Purchase Insurance for 2019

By now you have likely set aside most of your concerns regarding the change from Obamacare to Trumpcare, and any differences that might exist in the Affordable Care Act. As a quick point of reference, the following are the key facts that you need to be aware of as you are purchasing insurance for 2019.

There’s Still a Deadline for Purchasing Your Insurance – As always, there is still a deadline for signing up to your insurance. The difference is that the deadline has now changed from November 1st, to December 15th. This will give you more time to plan your insurance this year and compare all the different options that are available.

The Government Will Still Help – It is still possible to get assistance from the government when signing up for insurance through official channels. Nothing has changed from the rules that existed under Obamacare.

States Have More Freedom Over Insurance Rules – Outside of the private insurance marketplace, both Federal and State marketplaces will still exist. Some states will follow the Federal system, while others have the power to create their own. This will depend entirely on where you live.

You Can Still Enroll Through Healthcare.gov – If you won’t be purchasing on the private market then you can still enroll for health insurance through the official government site.

Private Market is Still Ideal for Most People

The differences between Obamacare and Trumpcare insurance have been largely overexaggerated. Although the President has proposed sweeping changes to insurance laws, there is yet to be any major laws passed in Washington. With the Affordable Care Act in place, those who need to can still purchase affordable subsidized insurance.

If you can afford private insurance and want the benefits of more flexibility, a higher level of coverage, and more freedom to customize your insurance package, then this is highly recommended. With Mutual Health Partners you can get expert advice and access to the most competitive health insurance plans from individual providers and networks. Talk to us today to start planning your 2019 insurance and have complete peace of mind knowing that you are prepared for the unexpected.

 

Family Health Insurance – Making Sense of 2019 Health Insurance Options

Choosing the right 2019 health insurance plan is one of the most important things that you will do this year. Your health insurance will determine the type of medical care that is available to you, where your doctor will be, and how much you will pay for services. If you choose the wrong insurance plan, then you could find that your options are severely limited. Get the right plan, and you’ll enjoy complete family health insurance with absolute peace of mind.

One of the hardest things about comparing the different types of insurance is making sense of the options. PPO, HMO, EPO… what do all the acronyms mean?

At Mutual Health Partners it is our mission to help you find the family health insurance that is perfect for your needs. This means that you need to have all the best information so that you can make an informed decision on the plan you choose.

In the following sections, we will define the various health insurance categories while giving some essential insight so that you can have a clearer idea of which one might be right for you.

HMO For Family Health Insurance

An HMO (Health Maintenance Organization) plan will likely be the most affordable plan you can find for 2019. HMOs are more affordable because they provide care only within a designated network. You will need to choose a primary care provider (PCP) from within the network, and all your general consultations and referrals will be made through this physician.

There are several advantages to choosing an HMO, with the low cost being the most important one for most people. Both deductibles and premiums will be affordable for most families, even those on lower incomes. Billing is also very user-friendly as HMOs don’t typically have complex billing structures for different medical procedures.

HMOs are not ideal in terms of flexibility, so you’ll need to be sure that you find a policy that covers all your needs. If you need to receive medical care outside of the network then you won’t receive coverage, so ultimately you will need to choose between convenience and cost. If low cost is the most important factor for you, then an HMO could be perfect for your 2019 family health insurance.

PPO Plans for 2019 Family Health Insurance

If an HMO sounds too inflexible for your needs, then you may want to consider a PPO (Preferred Provider Organization) instead. PPOs provide some of the benefits of other types of plans while offering better flexibility. You can receive services from inside or outside of your network and still receive insurance coverage.

PPOs are popular because they allow for families to choose the right service provider based on their needs, rather than the limitations of their health insurance plan. Keep in mind that savings will always be the highest when choosing services from within the preferred provider network. Services availed outside of the network will incur higher deductibles.

EPO Health Insurance for Your Family

Family Health InsuranceAn EPO (Exclusive Provider Organization) plan is just as the name implies. All your services will be provided only through an exclusive network of healthcare providers. If you need to receive care from outside of the network, then the costs will be completely out of pocket. However, these plans can often have relatively low monthly premiums.

The choice of an EPO is somewhat similar to choosing an HMO. The difference is that with an EPO you will have some more flexibility as you won’t have to pass everything through a primary care provider. If you or anyone else in your family travels often, then this type of plan could be limiting. Any emergency care needed outside of the network will be costly.

An EPO makes a lot of sense for some families, but in other cases, it can actually turn out to be more expensive than other plans. If you are confident that you won’t need any medical services outside of your network, then this could be the best plan to go for. If you would prefer to have some more flexibility and peace of mind, then you could consider a PPO or a fully flexible plan such as a POS.

POS Healthcare to Protect Your Family

The last option we will look at is POS (Point of Sale). This is something of a hybrid plan, combining some of the best benefits from all the different types. Like an HMO, you will need to select a primary care provider who will authorize all your referrals. The difference to an HMO is the fact that you can get specialist consultations and procedures from inside or outside of the network.

Out of network costs are higher than those inside the network, except in one specific scenario. If your primary care provider refers you to a specialist that is outside of the network, then the whole cost will be covered by your plan.

POS offers some reasonable compromises to provide better all-around flexibility. This could be the perfect choice for your family health insurance in 2019.

The Enrolment Period for Family Health Insurance is Coming Up Fast

Enrolment for 2019 family health insurance starts on November 1st, and you will have until December 15th to sign up for a plan. Remember that if you are without insurance, you will receive a significant penalty. The cost of not being insured is simply not worth it.

Now that you understand the different types of insurance plan, it’s time to start comparing your options from the most trusted insurance providers in America.

Ensure that your family has the best protection available for your budget. Mutual Health Partners helps you to compare the very best family insurance plans available for 2019. Get started today and have complete peace of mind knowing that you are prepared for enrolment.