Shopping for health insurance can be overwhelming. Whether it’s your first time or your annual review, knowing the basics can help you effectively compare plans and find coverage that suits your needs and budget. An easy way to start is by understanding the basics of health insurance costs. Premiums The premium is the amount you […]

Shopping for healthcare can be time-consuming and feel overwhelming. And one frustrating part can be figuring out what health insurance might cost. There’s no one-size-fits-all answer when it comes to health insurance cost. But there are basic guidelines you can follow to help give you an idea of health insurance costs—and allow you to make […]

Wondering “What is a health insurance premium?” A health insurance premium is the fee you must pay for your health insurance policy. Premiums are typically paid monthly, quarterly, or yearly during your period of coverage. Understanding how the cost of your premium can affect the amount of coverage you receive will help you make an […]

Understanding health insurance terminology can help you choose the right plan for yourself or your family members. One issue some people find confusing is the difference between a plan’s deductible vs. the out-of-pocket limit, both of which represent points at which the insurance company pays for all or some of your care. Why are the […]

If you are one of millions of Americans who bought health insurance through a government exchange, filing your taxes could be slightly more complicated when tax season occurs. Different rules also apply depending on which U.S. state you live in. HealthMarkets can help explain the basics of the Affordable Care Act and taxes. IRS Form […]

Silver plans are the most common health insurance selections for Americans choosing between Affordable Care Act (ACA) plans. Discover why, and if this level of plan will meet your needs, with HealthMarkets. What Is a Silver Level Health Plan? A silver level health plan is one of four categories, or “metal levels,” of health insurance […]

Did you know that you may be eligible for lower-cost health insurance? Affordable Care Act (ACA) subsidies could be beneficial to you, and as of March 2021, the American Rescue Plan Act has expanded the eligibility requirements. This means that more Americans may be eligible for reduced premiums, no premiums at all, or health insurance […]

Many people who buy health insurance on the federal and state exchanges receive premium subsidies that reduce the cost of their monthly payment. But who benefits? And how is this tax credit amount determined? It’s all based on the federal poverty level (FPL). In the 2019 and 2020 Open Enrollment Periods, approximately 87% of people […]

The U.S. government provides federal subsidies for health insurance to qualified individuals to make health insurance more accessible for Americans with lower to moderate incomes. These Affordable Care Act (ACA) subsidies, sometimes referred to as “Obamacare subsidies,” help reduce the cost of health insurance premiums and come in two basic forms: premium tax credits and […]

Some Americans could receive free health insurance by qualifying for zero-premium silver and bronze plans. Why? Because as of March 2021, the federal government has enacted the American Rescue Plan Act. The American Rescue Plan Act temporarily expands the eligibility requirements for premium tax subsidies for Affordable Care Act (ACA) health plans, allowing millions of Americans […]

If you work for yourself, you know that the Affordable Care Act (ACA) can help millions of self-employed Americans find a health plan within their means. But did you know there are other ways for you to save money on health insurance? Let’s look at a few ways freelancers, solopreneurs, and small business owners can […]