3 Important Facts About California Open Registration
Should you choose a high deductible, low premium plan or vice versa? What exactly is a deductible? When you choose a new health insurance plan, the deductible is what you pay before your insurance "kicks in". For example, if your deductible is $ 2000, you will have to pay that much money before your health insurance begins to apply stronger benefits to your account (you usually get some free benefits like preventative care before you meet your deductible).
Usually, when you choose a high deductible plan, your premium – the amount you pay into the plan each month – will be lower. Low premium plans, high deductible plans are ideal for those without pre-existing health conditions: They are designed to make the client responsible for most of the costs of their care. High premium plans, low deductible plans may be preferred by those who want to meet their deductible quickly, but these plans can be difficult for the monthly budget. Examine Covered California Plans
Many Californians may not be aware of this online market that connects citizens to health insurance under the Affordable Care Act. These plans are different from Medicare and Medicaid and they are available to those who do not receive health insurance automatically through their employment. At Sackett & Associates, we can help you comb through these plans to make sure you get the benefits you want and the coverage your family needs. We can also help you determine if there is additional coverage (such as dental care or vision) that you may need in addition to the plan you choose.
3. Consider If You Need An HSA
A health-saving account can be a wonderful way to set aside money specifically for medical bills and appointments – but before choosing a plan linked to an HSA, make sure you really need that account. If you only have a few medical appointments a year and if these visits usually involve preventive care such as checkups and minor health problems such as sinusitis and sprained wrists, an HSA may be more drained of your finances than necessary. Most HSA exits expire at the end of the year, so all the money taken out of your payroll check before tax will not be used if you do not spend it on medical needs.
Do not delay: The open registration is coming soon. Contact Sackett & Associates as soon as possible for more information on how to choose the best health insurance plan for yourself and your loved ones.