Why Do I Need Texas Health Insurance Since Government Health Care Starts in 2014?
Posted on November 8, 2011 by Charles F Peeler Jr
In March of 2010, the Affordable Care Act was signed into law by President Obama. The new health care law is confusing to say the least and you’re not alone if you have unanswered questions and concerns about how your health care coverage will change or whether you even need certain coverage. Many of these questions can be answered easily, while others will have to wait to see how the new law takes shape. Nevertheless, learning a little bit about some of the new policies created by the law will help you make an informed decision if and when you decide you are ready to purchaseTexashealth insurance.
Phased Changes
The first thing you should understand about the new health care law is that many of the changes are scheduled to take place in 2014. As a result, what you may have heard about coverage options or eligibility may not be in place yet. For the consumer, this is confusing and frustrating. Nevertheless, this is how the administration chose to present heath care reform.
You Still Need Insurance
Unfortunately, many Texans are under the impression that beginning in 2014, they will not need to purchase health insurance because the government is going to provide it for free. While this may be true for some people, the majority of us will still need to purchase insurance or we will be charged a penalty.
Medicaid
Beginning in January 2014, Medicaid eligibility is expanding, making it more accessible to those in financial need. As the law is written, if you earn less than $14,000 for an individual and $29,000 for a family of four, you will be able to receive government assistance for health care through Medicaid.
Employer Assisted Health Insurance
Additionally, if you are under the age of 65, not enrolled in Medicare and cannot afford your employer provided plan, you may be eligible to purchase a more affordable health care plan using employer resources through a new Health Insurance Exchange. These exchanges are described as competitive marketplaces that will allow individuals and small businesses to buy qualified health benefit plans.
Purchase Health Insurance or Pay a Fee
For many Texans who do not qualify for the conditions described above, purchasing health insurance is still a requirement. In this case, by 2014, according to the new law, you must be enrolled in aTexashealth insurance plan that meets basic minimum standards. If you are not, you may be required to pay a fee. If you have a very low income or religious beliefs that make it difficult for you to purchase health insurance, you can apply for a waiver.
The best decision you can make regarding your health care is to find an affordable insurance plan now and include it as part of your budget. In less than two years, you will be required by law to purchase health care. Do yourself a favor and review some quality options from dependable insurers now while there are still options. Consider contacting Peeler Insurance and let the professionals guide you in finding the bestTexashealth insurance from well- known, credible providers. Get peace of mind in knowing that you are prepared for the future of health care and subsequently, any law that comes your way.
For more information on Health Insurance in Texas or to obtain an instant quote visit our Texas Health Insurance website.
Posted in Uncategorized | 0 Comment