How To Use The Obamacare Health-Insurance Exchanges

Apparently the reason people are fighting so hard to defund Obamacare is because its actually a good deal???

Over the next week or so, many states will be rolling out their health insurance exchange programs.

Recently, I took a look at how the new health insurance exchange programs, made available through the Affordable Care Act, are going to work, and so far I like what I see.

I live in Pennsylvania and our healthcare exchange options include a private insurer “marketplace” as well as the Obamacare options found in the Federally Facilitated Marketplace or FFM.

In PA, specific plans will not be made available until October 1, 2013.

The four new Obamacare options include:

  • Bronze (lowest monthly premium, highest out-of-pocket expenses);
  • Silver (standard monthly premium and out-of-pocket expenses);
  • Gold (higher monthly premium, lower out-of-pocket expenses);
  • Platinum (highest monthly premium, lowest out-of-pocket expenses).

If you are a citizen in need of health insurance, or you already have health insurance and are interested in more affordable coverage, or you have been unable to get coverage until now because of a pre-existing health condition, you can pre-register at the Healthcare.gov site. Or check back after October 1st to compare prices.

Depending on what plan you choose, your household income, and what state you live in, some plans can start as low as $26 a month.

And Premiums for even the lowest priced silver plan are surprisingly 16% lower than originally projected by the Congressional Budget Office – Jeffrey Young (Obamacare Premiums Show Low Prices for Uninsured)

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