Top Three Reasons to Buy Health Insurance

  1. Federal Law requires it

    With few exceptions, the Affordable Care Act nicknamed Obamacare has required since January 1, 2014 that all individuals carry health insurance that contains certain minimum essential health benefits.

  2. Health care is expensive and paying cash for health care services isn’t always affordable for most people

    One day spent in the hospital as an inpatient can cost thousands of dollars. An average three day hospital stay can cost $30,000 and treatment for a broken leg, $7,500. An air ambulance ride to Oahu from a neighbor island can cost $20-40K. Even an emergency room visit can cost several hundred dollars and higher. Whether you have significant assets or not, you don’t want the headache and stress of collection agencies going after you for your health care bills.

  3. Better quality of life

    Most health plans include wellness benefits at little to no out-of-pocket cost to you. Early detection of diseases and conditions can lead to better chances of being cured or at least more effective management of those diseases and conditions.

The Affordable Care Act (ACA)

The Affordable Care Act (ACA), also known as “Obamacare,” requires most people to have health insurance as of January 1, 2014.

The ACA also expanded benefits for health plans in areas such as:

  • No-cost preventive care.
  • No annual or lifetime dollar limits on essential health benefits.
  • Your children can stay on your plan until they turn 26 years old.
  • Pre-existing conditions can be covered.
  • You cannot be denied coverage because of a medical problem.

If you live in Hawaii and prefer not to apply through the federal marketplace and instead apply directly with Kaiser Permanente for an individual plan we can assist you as your independent agent. You will not be charged an agent or broker fee if we assist you. Contact us today for more information.

Are you eligible for Medicare?

Because the individual health exchanges created by the Affordable Care Act have nothing to do with Medicare coverage, you do not need to obtain health insurance from there. The exchanges serve an entirely different population—individuals without Medicare and families without health insurance.

Medicare is and has been for many years a federal health care program for qualified individuals over age 65 and older and individuals under age 65 who have been receiving social security disability benefits for at least two years.

Consider Medicare Supplement coverage to pick up some or all of the deductibles, co-pays, and co-insurance amounts that Original Medicare does not cover. Also keep in mind that Original Medicare Parts A and B does not cover outpatient prescription drugs. Only Medicare approved private plan sponsors offer stand-alone prescription drug coverage (Part D) or drug coverage as part of a Medicare Advantage Plan (MAPD) for eligible Medicare beneficiaries.

The Medicare Annual Enrollment Period (AEP) for Medicare Advantage and Prescription Drug plans runs from October 15th through December 7th but you may qualify for a Special Enrollment Period (SEP) that allows you to enroll or make changes outside of the AEP.

Having almost 10 years of experience with Medicare health plans and access to various carriers, we can help you confidently explore your options.

Contact us today to learn more about how to minimize your medical and prescription out of pocket costs.