Obamacare, also known as the Affordable Care Act, is a great initiative bringing Americans affordable healthcare plans. This Act was signed into law by President Barack Obama in 2010 and, since then, has helped to insure over 35 million people.
If you need healthcare at an affordable rate, be sure to sign up for Obamacare during the enrollment period. Not sure when, how, or what it is? Then keep reading. Below, we take a look at everything you need to know about signing up for Obamacare in Arizona to have you insured in no time!
What You Need To Know About Obamacare In Arizona
Obamacare is Federal law that is intended to improve access to health insurance for American citizens. It does so by mandating health insurance companies to provide certain levels of coverage. Some of these minimum levels of coverage include maternity benefits, emergency services, and prescription medication.
Obamacare also mandates that insurance companies spend at least 80% of premiums on medical care and improvements and prevents insurance companies from unreasonable rate increases. This is all a part of the Affordable Care Act’s mission to make health care affordable and fair to those who face financial difficulties.
How Much Does It Cost?
Obamacare ranges in cost depending on the plan that you choose. There are four plans available. These are the bronze plan, the silver plan, the gold plan, and the platinum plan.
The plans offer different percentages of coverage based on the premium. The bronze plan is the cheapest, but it has the highest costs when you need medical care.
On the bronze plan, the insurance company will pay for 60% of the medical expenses while you cover 40%. This is a great option if you are young and don’t require comprehensive coverage.
The silver plan has a higher monthly premium than the bronze and covers 70% of medical expenses while you take care of 30%.
On the gold plan, insurance companies are expected to cover 80% and you cover 20%.
If you take the platinum plan, which has the highest monthly premium, the insurance company covers 90% of the costs while you cover 10%.
In some cases, you may be eligible for premium tax subsidies which reduce the cost of your monthly premium. To qualify for tax subsidies your income must fall between $12 880 and $51 520 or 100% and 400% of the FPL (Federal Poverty Level).
If you take the bronze and silver plans, you may even qualify for a zero premium in terms of the American Rescue Plan Act.
Who Can Enroll In Obamacare In Arizona?
Any US citizen or national who lives in the United States can enroll for Obamacare provided they are not incarcerated. You are also not eligible for Obamacare if you refuse to file income tax or are married but file your tax separately to your spouse.
You also need to enroll during the open enrollment period.
In Arizona, to get coverage in 2023 you will need to enroll between November 1 and January 15.
If you fail to enroll during this time, you will no longer be able to sign up for Obamacare unless you qualify for special enrollment.
Some events that may qualify you for special enrollment are the following:
- A death
- Getting married or divorced
- Moving states
- Losing your job
How To Sign Up For Obamacare In Arizona
There are two ways to sign up for Obamacare in Arizona. Your first option is to visit HealthCare.gov, enter your state and follow the prompts. You can use HealthCare.gov to sign up, switch plans, compare plans, and enroll.
You can also sign up for Obamacare using a health insurance broker like Enhance Health. At Enhance Health we have many experienced agents who can take you through the process ensuring that you understand all the plans and fine print.
If you are new to Obamacare, it can be overwhelming to know what plan is right for you especially if you have a household to ensure.
Start by heading to our website to read about the different plans for individuals and families, medicare, short-term insurance, and other aspects relating to your health coverage. Then, schedule a call with one of our agents if you would like to find out more, or sign up.
Our agents at Enhance Health will ask you questions about your household size, your income, pre-existing conditions, and the coverage you are currently on. They will then use this information to find the plan best suited to your needs and the needs of your family.
Once you have decided on a plan, our agents are happy to assist with signing up and the enrollment process.
What Do You Need To Sign Up For Obamacare In Arizona?
When contacting one of our agents at Enhance Health, be sure to have the following handy to ensure the signup process runs smoothly:
- Social security number or document number if you are a legal immigrant.
- Your income for the upcoming year.
- Income information for every member of the household needing cover.
- Medical history.
- Employment details.
- Previous year’s tax information for you and your family members.
- Policy numbers for current health insurance.
Signing up for Obamacare in Arizona doesn’t need to be a stressful process. By contacting one of our agents at Enhance Health, we will get you the coverage you need on the right plan in no time!