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September 2013

How to figure out the Affordable Care Act as an individual

By Uncategorized, Understanding Health Care Reform No Comments

As the clock ticks down, most people are completely in the dark when it comes to setting up their health insurance under the new “Obamacare” rules.  I hope this sheds some light on the situation for people who currently have individual insurance. If you purchased your health insurance before March 29th 2010, your plan is considered “grandfathered”.  Your group had to answer health questions in order to purchase the policy, and the rate you pay is based off the claims experience within that group. The good thing about having a “grandfathered” plan is that your rate will not be affected by the new health insurance pricing rules that are set to begin in 2014.   A “non-grandfathered” plan is any policy purchased after March 29th, 2010. The biggest changes for non-grandfathered plans are that the rates these people pay will adopt the “Obamacare” rules in 2014.  There are 2 major…

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