WHAT HEALTH INSURANCE IS RIGHT FOR YOU?

Employer Plan

Employer plans are usually the BEST options for individuals. I usually recommend individuals to stay on their employer plan, unless their employer is willing to give them a stipend towards an outside plan that gives better coverage. For a family, it can be very expensive to add spouses and dependents to an employer plan, so sometimes it’s more cost effective to put the spouse and dependents on their own plan tailored to their individual needs!

Public Market (Obamacare)

ACA plans, also known as Obamacare are the BEST option for individuals that don’t have access to an employer plan and that qualifies for a large government subsidy (usually $35k-$45k combined pre-taxed household income). It is also the best option for individuals that have alot of health problems because these plans are not based on approval. However, if you are a family and you make too much money to qualify for any government subsidies, and maybe only one person suffers from a medical problem, I would suggest putting that person on the public marketplace and looking at more cost effective options for the rest of the family.

Private Market

Private Plans are BEST for individuals or families that are healthy and do not qualify for any government subsidies (Makes $40k+ combined pre-taxed household income). These are medically underwritten plans, so they are approval based and exclusive association memberships. Private plans group together all healthy people so, because they know they are insuring healthy people, they can provide better coverage at a competitive rate compared to the public and even some employer plans.