When it comes to health insurance, the new national laws sometimes create more worry and uncertainty rather than simplify the process. Yes, there are choices to make, but there are also penalties and market fluctuations to consider. Basically, in Washington State, the choices for Health Insurance include:
Buying a Metal Plan – Bronze, Silver or Gold – from the Washington Health Plan Finder Exchange.
Buying a Metal Plan – Bronze, Silver or Gold – directly from a carrier such as Premera or LifeWise.
Choosing to not purchase the coverage and paying a penalty, which may vary from year to year, and is based on your income.
Obtaining qualified coverage via either your employer or your spouse’s.
Even with the myriad of choices, not everyone chooses to purchase the mandated coverage. Some forgo the purchase and instead willingly pay the fee. Other’s cannot go without it. Contact our office with your questions and get answers to help you make an informed decision. As most health insurance inquiries vary depending on a number of factors, get a quote by contacting us today.
If you are age 65 and older, you are eligible for Medicare. This governmentally run health program is not mandatory but most do sign up. However keep in mind there are limits to the program – aka holes to fill. Just getting Medicare doesn’t give you full coverage. That’s why supplemental plans exist.
Medigap or Medicare Supplemental policies come in many different forms, meant to fill in different types of Medicare coverage gaps. They are usually identified by an alphabet letter such as:
Medicare Plan C – Pays Medicare deductibles plus more
Medicare Plan D – the Prescription Drug plan supplement
Medicare Plan F – pays the difference between what Medicare pays and what your doctor charges
Not all plans are available in all areas. But wherever they are offered, the plans are standardized and include the same coverage from state to state. Lastly, they apply on an individual basis only – a couple must buy a plan for each person.
It’s wise to take advantage of a Medigap plan to plug the holes in your coverage, which could save you thousands of dollars in the long run. Contact our office for more information on your choices, and pricing information.
Duda Insurance- A Division of Augustedge PLLC
521 S Chelan Avenue, Suite A
Wenatchee, WA 98801
Available: by appointment