Plans are now more affordable than ever thanks to the health care law. It is important to understand the costs associated with health care coverage.
How much do the insurance plans cost?
The health care law makes quality health insurance plans more affordable, and millions of Americans will get help paying for their new insurance plan.
The plans will vary in total costs based on the category of coverage and the deductible amount. Some plans will have less expensive premiums and will require you to pay more out-of-pocket for care or have a higher deductible amount. Some will have higher premiums and lower out-of-pocket costs for care or have a lower deductible amount.
The prices for each plan will be determined by the insurance company offering the plan. When you are comparing plans on the Marketplace, the prices will be listed along with any financial help you qualify for based on your income.
Paying for your new coverage:
Marketplace coverage will not become effective until you enroll in a plan and pay your first premium. How you pay your premium will vary state to state. For example, some state Marketplaces will allow you to pay your premium through their website, while other states may have you pay the insurance company directly. You should receive instructions on how to pay your premium after your eligibility is confirmed and you select a plan. If you are required to pay a premium for your Medicaid coverage, you will receive instructions on how to pay when you are determined eligible for Medicaid.
Paying for covered health services:
While certain health services are available for free -- including well-woman visits, birth control, breast and cervical cancer screenings, prenatal care, and other health screenings -- other services may have a copay or co-insurance. In addition, you may have to meet a deductible before the plan covers non-preventive services. Fees with Medicaid coverage are determined by state and are nominal; and certain services may have a copay.