Individual & Family
Affordable Care Act
The “Affordable Care Act” (ACA) is the name for the comprehensive health care reform law and its amendments. The law addresses health insurance coverage, health care costs, and preventive care. Who does the Affordable Care Act help the most? Two categories of individuals will benefit the most from the exchanges: those who don’t have health insurance right now and those who buy insurance on the individual market.
Indemnity plans allow you to direct your own health care and visit almost any doctor or hospital you like. The insurance company then pays a set portion of your total charges. Indemnity plans are also referred to as “fee-for-service” plans. The characteristics of a medical expense or indemnity health insurance plan include deductibles, coinsurance requirements, stop-loss limits and maximum lifetime benefits.
Short Term Medical
Short term medical insurance, also called temporary health insurance or term health insurance, can provide a temporary solution to help fill gaps in coverage. Consider short term if you’re: Between jobs. Waiting for other coverage to begin. … Without health insurance, outside of Open Enrollment. Most short-term plans limit your coverage to a time frame of 12 months to 3 years at a time, or less. And most short-term health insurance companies will limit how many times you can repurchase coverage in a row.
Critical illness insurance provides additional coverage for medical emergencies like heart attack, stroke, or cancer. Because these emergencies or illnesses often incur greater than average medical costs, these policies pay out cash to help cover those overruns where traditional health insurance may fall short.
Healthcare Sharing Ministries
Health care sharing ministries are organizations in the United States in which health care costs are shared among members who have common ethical or religious beliefs.
Members of health care sharing ministries are exempt from the individual mandate requirement of the U.S. Patient Protection and Affordable Care Act of 2010 (the individual shared responsibility provision was repealed in December 2017, effective in 2019). This means members of health care sharing ministries were not required to have insurance as outlined in the individual mandate, which was later repealed.
As its name suggests, disability insurance is a type of insurance product that provides income in the event that a policyholder is prevented from working and earning an income due to a disability.