Competition in Healthcare Keeps Costs Down
The Affordable Care Act has brought health insurance to more Americans than ever before. However, while access to care has improved, the entire system is still inefficient, unreliable and cost-prohibitive. Among the primary causes of this persistent problem is the lack of competition. Consumers still have limited options when it comes to health insurance and health care providers.
More Health Insurance Options in 2020
Traditionally, short-term health insurance plans have been used during times of transition, allowing people to keep health insurance coverage while they’re waiting to obtain long-term comprehensive coverage. In most cases, limited-duration health insurance policies were available for three-month periods. However, as of this current date, 11/15/2019, these plans can be extended to 6 months in Nevada. The plans cannot be renewed. They do not provide pre-existing coverage, most wellness, and Rx is limited. The short term plans, however, provide great coverage for things that happen suddenly and unexpectedly. This option does provide Nevadans with some real insurance protection that is less expensive than an ACA plan. We caution, however, they are not a long term substitute for an ACA plan.
10/1/2019 Changed Everything For Nevadans
Prior to 10/1/2019, insurance companies were required to offer insurance to anyone covering pre-existing conditions with a 90 day wait, but that option is no longer available. This is why “Open Enrollment” from 11/1 to 12/15 of each year is more important than ever.
Signing Up for Health Insurance in 2020 with Nevada Insurance Enrollment
To find out more about the health insurance options available to Nevada residents in 2020 and to get help with finding the best plan for you, talk to a health insurance agent at Nevada Insurance Enrollment. We specialize in helping Nevadans navigate the ever-changing health insurance landscape and find a plan that is right for them, whatever their healthcare needs and budget.
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Health Insurance Plans for Year 2019 and Beyond
According to a recent study, health insurance premiums could increase for individual plans on the ACA marketplace between 35 and 94 percent by 2021. Concern over health care is nothing new; in fact, this is the fifth consecutive year that Americans have ranked health care as a top concern.
Health Insurance Could Become The Wild Wild West Once Again
At least for now, many aspects of ACA are still in place. Currently, an insurer can’t turn you away for a pre-existing condition, and long-term health insurance plans still have to provide coverage for ACA’s 10 essential health care benefits. Prior to 2010, private health insurance usually did not cover maternity, or preventative like it does now, and mental health was generally non-existent.
Repeal of the Individual Mandate
Health insurance, which has always been a topic surrounded by confusion, is doubly complicated as coverage requirements have evolved in recent years. Among the most significant changes was the individual mandate that was put into place under the Obama administration.