Chicago, IL (PRWEB) July 02, 2015
The recent Supreme Court decision on King v. Burwell is good news for individuals who meet the financial requirements for federal tax credits and subsidies, regardless of which state they live in. But for the millions of individuals who don’t qualify or who prefer to purchase health insurance in the private marketplace, there are other options. Einsurance (http://www.einsurance.com), a Chicago-based online insurance quote comparison marketplace and information resource, offers consumer information guides (http://www.einsurance.com/insurance-guide/) that provide detailed information about the Affordable Care Act (ACA) healthcare regulations, mandates, resources and options in each of the 50 states.
“Health insurance is an increasingly complicated topic. Our state healthcare guides are written to make it easier for the average person to understand health insurance,” said Dale Q. Williams, Einsurance.com Chief Operating Officer. “Each guide explains the basic requirements and standardized benefits of the Affordable Care Act, along with state-specific information about additional mandated benefits, provider options and low- and no-cost resources available to residents.”
Williams pointed out that under the provisions of the ACA, almost every U.S. citizen and legal resident is required to purchase an ACA-compliant policy or pay a fine. “Depending on where they live, individuals who don’t have employer-provided health insurance can purchase policies from their state-run exchange or the federal exchange (also called marketplaces), or they can purchase directly from a private carrier. While no tax credits or subsidies are available for plans purchased in the private marketplace, individuals may find a wider range of available plans and provider networks, additional benefits and other advantages,” Williams said.
Most ACA-qualifying insurance is only available for purchase during open enrollment (for the coming year, that will run from November 1, 2015 through January 31, 2016) or by qualifying for a special enrollment period due to a change in marital status, family composition and other life events. “If you can’t wait for the open enrollment and don’t meet the requirements for a special enrollment dispensation, you also have the option of purchasing short-term health insurance,” Williams said. “This can provide limited benefits until you can get into an ACA-qualifying plan. Short-term plans won’t help you avoid the ACA tax penalty, but they can provide some peace of mind.”
Einsurance.com is not only an online insurance marketplace for the products and services sold by insurance carriers, agencies and brokers. It is also a marketplace for ideas. Our writers, researchers and industry experts all work together to inform consumers about financial risk management. Whether you’re buying your first car insurance policy or finding health insurance for your new family, Einsurance provides information that is relevant to your choice. Although you should always speak to an insurance professional about your specific circumstance, it never hurts to get started on our site. Or if you would like to speak with an insurance professional right away, we can help with that too. Einsurance is proud to be owned and operated by eINSURE Services, Inc.
Dale Q. Williams, COO EinsuranceSM