Should You Switch To A Non-ACA Health Insurance Plan?
Trying to find health insurance that doesn't have a premium that's higher than your rent can be tough, and your choices vary by state. Some states allow health insurance companies to offer non-ACA-compliant plans along with exchange and private ACA-compliant plans. These non-ACA plans had quite a bit of support in some states when they began because of their lower costs and different coverage, which often gave people more opportunities to see doctors before having to pay down the deductible. If you live in a state that allows these plans, are they plans you should look into?
Basically a Blast From the Past
These non-ACA plans are pretty much pre-ACA health insurance plans. You can be denied coverage for pre-existing conditions, so these plans are better for those who don't have any pre-existing conditions. You can also be dropped at any time. However, like health insurance pre-ACA, you can still get care and stay on the plan. These plans are best for very healthy people.
They Can Be Cheaper
One of the reasons for creating these non-ACA plans was to give people a break on premiums. ACA plans have notoriously high premiums that aren't always reduced to truly affordable levels by subsidies. Plus, many people fall into that dreaded middle ground where they make too much to qualify for subsidies but don't make enough to really be able to swing an expensive premium each month. The non-ACA plans are meant to provide basic coverage for much less each month.
Check Your Options if Working Remotely
With so many people moving to different counties and states as remote work becomes the standard for many companies, the options for health insurance will change drastically. You may find that non-ACA plans are suddenly not as widely available as insurers decided not to offer anything in the new county (or were prohibited from operating in the new state), or you may find that you have more choices. If you plan on making a move, talk to the insurance companies you're interested in and find out how your move will affect your policy choices.
Non-ACA health care insurance and care can be a lot more affordable for those who generally don't have a need to see the doctor that often. It does have more restrictions than ACA health insurance, but if you're used to pre-ACA plans and how they worked, you could get quite a financial break by going non-ACA.
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