How the ACA Made WI Health Care Affordable
When the Affordable Care Act (also referred to as Obamacare or the ACA) was passed in 2010, new healthcare laws were introduced to help make affordable health plans more accessible to families across the nation, including Wisconsin.
According to the HHS, "out of 139,815 residents enrolled in a WI health insurance marketplace, 91% of them received some financial assistance with their coverage. Wisconsin enrollees have also received $2,584,967 in refunds from their health insurance provider due to the new 80/20 rule."
Of the many benefits that helped Wisconsin residents was the introduction of the four levels of coverage, or "metal levels," that determine how much coverage you receive from your health insurance provider based on how much you may be paying in monthly premiums.
These four levels of coverage on the healthcare insurance marketplace include:
- Bronze: 60% covered by your health insurance provider, 40% covered by you.
- Silver: 70% covered by your health insurance provider, 30% covered by you.
- Gold: 80% covered by your health insurance provider, 20% covered by you.
- Platinum: 90% covered by your health insurance provider, 10% covered by you.
Need help figuring out which plan and health insurance company will work for your unique health and budgeting requirements? HealthMarkets can help. With more than 3,000 licensed agents available across the country, and in local areas in Wisconsin, we're confident we can help you find the right plan today.
Finding Affordable Health Insurance in Wisconsin with HealthMarkets
We've put together information on policies offered by insurance companies nationwide. We'll match your needs with what they have to find you affordable health insurance in Wisconsin in just a few minutes. Our services are free to you, and can save you time, money, and make sure you have the coverage that you need.
http://www.forbes.com/sites/investopedia/2013/10/01/how-to-choose-between-bronze-silver-gold-and-platinum-health-insurance-plans/ | http://www.hhs.gov/healthcare/facts/bystate/wi.html