With all the recent changes in the law, it can sometimes be difficult understanding the exact difference between government insurance and commercial insurance. In short, government insurance usually refers to a variety of different plans (including those that are regulated by the government in a kind of market, while commercial insurance refers to plans that are sold by for-profit companies that are free from such regulations.
affordable care act
The Pros and Cons of a High Health Insurance Deductible Plan
When it comes to choosing health insurance plans, one of the most important things to consider is the deductible. With any insurance policy, a deductible is the amount you must pay out of pocket before the insurance provider will pay for anything. While not every insurance plan includes deductibles, more than 80% of them do, so knowing which one is right for you is important. Many insurance plans are categorized by having a low deductible, meaning you only pay a little before the insurer begins to play, or a high deductible, which can be quite substantial. But because the premiums (costs) of high deductible insurance plans are lower, it can be a wise choice for some people.
Understanding HMO, PPO and EPO
With so many acronyms flying around when it comes to describing health insurance, it’s easy to get confused. Below is a simple guide to what these acronyms stand for, and how you can better understand which type of plan is best for you.
Obamacare 2016: What you need to know about the Affordable Care Act
The Affordable Care Act, most commonly known as “Obamacare,” has a number of changes that will take place for the year 2016. Below is a complete guide to everything you will need to know about enrollment in the program: