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.

 

Have You Prepared Your 2019 Health Insurance?

When it comes to the wellbeing of yourself and your family, health insurance is one thing that you literally cannot afford to be without. Not only does a lack of health insurance mean that you will end up paying more in tax penalties, but not being insured could also leave you and your loved ones without options if you need treatment for an illness or in an emergency.

The new year is approaching fast, and that means that it’s time to start considering your 2019 health insurance options. By looking early, you will have more time to consider the different plans that are available and find the one that is perfect for your needs and your budget.

What’s the Cutoff Date for 2019 Health Insurance?

The 1st of November marks the first day of the enrollment period, so make sure you set a reminder for yourself. This will give you enough time to compare any plans that you discover in the final weeks of the year.

The enrolment period will last up until December 15th. It’s critical that you decide upon your insurance and purchase it by this date. This will ensure that you have coverage from January 1st, 2019, right up until December 31st of the same year.

The cutoff date has been changed for 2019 health insurance, so you’ll find that you have a bit more flexibility than in previous years. Even so, don’t wait until the end of the cutoff date to purchase your insurance. Start researching the plans that are available to you now, and this will make for a much easier decision when it comes to the enrolment period.

Have There Been Any Rule Changes?

There has been some confusion in the 2019 health insurance marketplace, particularly in terms of Obamacare vs. Trumpcare. Many people are familiar with the Obamacare system. Officially known as the Affordable Care Act, most of what we called Obamacare is still in place. Although President Trump has proposed some sweeping changes for health care, there are yet to be any new laws passed that would fundamentally change the system.

The only major differences for 2019 health insurance will be the abundance of plans available. Private insurers now have some more flexibility to offer competitive health insurance coverage at discounted rates. Insurers can offer low-cost health insurance that is more competitive than plans that are compliant with the old Obamacare era. Plans would be short-term, ranging from 12 to 36 months.

Although these plans will be less comprehensive than the Obamacare plans that people are used to, they will at least be much more affordable, which could make them ideal for people who don’t traditionally use their insurance in a calendar year.

Have You Considered What Kind of 2019 Health Insurance You Will Need?

There are millions of Americans who simply purchase the same health insurance plans, year after year. Many people get comfortable dealing with a single insurer, and for some of them it works out.

However, there are plenty of cases where staying with the same insurer is a bad idea. In terms of saving money, staying with the same insurer probably means ignoring what’s available on the market. Re-signing for the same plan every year could also mean that the coverage is outdated. Needs can change, and, as we age, our medical needs typically increase.

If you aren’t reviewing your policy every year then you could be exposing yourself to unnecessary risk. First is the risk of spending too much on a policy, and the second is the risk of paying for 2019 health insurance that doesn’t meet your needs.

Premiums and Deductibles and How They Impact Your Health Insurance

There are two critical elements of every health care plan that will determine how affordable it is.

  • The first and most important figure to note is the monthly premium. This is essentially the cost of the insurance if you didn’t need medical services in that month. Higher premiums typically mean higher overall cost of insurance, but this also depends on how much you will pay for deductibles.
  • The deductible on a policy is the amount of money you are expected to cover for your medical care before your healthcare plan kicks in.

The relationship between an insurance premium and deductible is important. If you have a history of requiring regular medical care, then a policy with a high premium and a low deductible will be ideal. This is because you would pay more every month, but you would have less out of pocket expense when you need to visit the doctor or receive treatment that is covered by your plan.

If you don’t visit the doctor often, and if you don’t have any existing illness or other medical condition, then a low premium with a high deductible would usually be best for your situation. You would save money by reducing your monthly spend, and if you only require a couple of doctor’s visits in a calendar year, then you will ultimately come out better off.

It’s all about finding the right balance when you choose 2019 health insurance.

Find the Perfect 2019 Health Insurance Plan with Mutual Health Partners

Everybody needs insurance. Not only will the right plan give you access to essential medical care and a safety net when you need it, but, insurance is also the law. You’ll incur significant penalties if you are uninsured, making it a much better idea to research your options and find a plan that works.

With Mutual Health Partners, you will have access to the best insurance plans for 2018, no matter what kind of coverage you need. Whether it’s a PPO with low deductibles, a more flexible POS insurance plan, or even an affordable HMO plan, we can give you the best options to compare, from America’s best insurers.

Trust Mutual Health Partners to help you find the right insurance for 2019. With the enrollment period coming up soon, now is the best time to talk.