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Washington State Insurance Marketplace

The Washington Health Benefit Exchange is planning to offer new health plans to Washington residents on Oct. 1. Four insurance providers have offered plans that have been approved for the marketplace: Lifewise Health Plan of Washington, BridgeSpan Health Company, Premera Blue Cross and Group Health Cooperative. These plans meet federal standards of the Affordable Care Act. Washington residents who purchase these plans will avoid the individual tax penalty that uninsured residents will be forced to pay under the new law. Low-to-middle-income residents in Washington may qualify for subsidies to help offset the costs of these new plans. Washington is participating in the expansion of Medicaid, so more of the poorest families in Washington will have access to free health care.

Health Insurance Washington State

What Consumers Need to Know When Buying Individual Health Insurance

Health insurance protects you and your family from the high expenses you would incur if you ever become seriously ill or injured. The decision to purchase an individual health insurance plan should be reviewed carefully. The individual health insurance you choose should be selected based on your individual needs both now and in the future. Doctor visits, hospital services, laboratory and x-ray services (including expensive CT scans and MRIs), are often covered by individual health insurance plans. Additional features may be included such as maternity benefits and prescription drug benefits.

Selecting and purchasing individual health insurance plans can be confusing. For this reason, you will want to obtain expert advice to make your health insurance affordable and suited to your future needs. This will save you time and money overall by ensuring that the medical plan will perform as expected.

Getting the expert advice you need about making health insurance affordable is easy when you purchase through Affordable-insurance.com. We serve Washington state, Oregon and Idaho. Health insurance agents are available Monday-Friday 8 am to 5 pm to help you with your individual health insurance plan decision. The cost of a quality health insurance agent is already built in to the price of our health insurance. Oregon, Washington, and Idaho residents are eligible. Click here to understand more about how health insurance works.

Who Buys Individual Health Insurance?

Typically, individual health insurance is suitable for people in the following situations:

  1. You have exhausted your COBRA coverage through your former employer’s plan or you can’t afford the cost of COBRA premiums.
  2. You are self-employed.
  3. You have a spouse or dependent covered on your group insurance and find that it is less expensive for them to purchase an individual health insurance plan.
  4. You are a student and can purchase individual health insurance plans at a much lower cost than enrolling on your parent’s employer-based plan.
  5. You have retired early and you need coverage until you reach Medicare eligibility.

There are many reasons to purchase individual medical insurance plans. Call us today to see if this is the right decision for you. Affordable-insurance.com provides individual health insurance, Oregon medical insurance, Idaho health insurance, Washington Medicare plans, Medicare supplement plans, Oregon Medicare plans, and much more.

Buy a Comprehensive Individual Health Insurance Plan

When you decide to purchase individual health insurance you should make sure the plan is comprehensive and from a well-known, financially stable company. Recently, there have been several news articles describing the types of problems families faced after purchasing a “discount medical plan.” These are individual health insurance plans that only cover very limited claims but are marketed as medical insurance. A comprehensive insurance policy should pay up to one or two million dollars in medical claims over the lifetime of the policy. The individual health insurance policy you purchase should protect you from the bills associated with a major illness or catastrophic event. The lifetime maximum and the financial stability of the insurance carrier is the most important feature of any plan. At Affordable-insurance.com, we only sell comprehensive medical plans underwritten by financially stable insurance companies. Contact us today to learn more about our Oregon medical insurance, Idaho health insurance, and Washington health insurance plans. Washington State, Oregon, and Idaho residents are eligible.

Buying a Catastrophic Medical Plan

Catastrophic medical plans are defined as medical plans purchased with the intent to pay for large medical claims and not necessarily the every day smaller claims such as prescription drugs or doctor office visits. Our advice to the purchaser who desires a catastrophic medical plan is to make sure it pays at least one million in total lifetime benefits and has a deductible of $5,000 or less. If you have cancer or significant heart problems, it is easy to create $100,000 or more in doctor and hospital bills. A catastrophic medical plan will provide significant financial protection against the high cost of treatment for large medical claims. It is far better to have a catastrophic medical plan than it is to have no insurance. Many people are surprised at how affordable health insurance premiums are for typical catastrophic plans.

Finding Affordable Health Insurance When You Retire Before Age 65

Many people who want to retire before they are eligible for Medicare coverage have difficulty finding affordable health insurance. The best answer is often a good individual health insurance plan. In most states, individual health insurance plans are rated on the basis of the purchaser’s age. Younger ages have a lower monthly premium and older ages are required to pay more. However, premium rates for ages in the mid-50s and early 60s can still be competitive. For example, a 58 year old in Washington State can purchase a catastrophic individual health insurance plan for less than $150 per month. Most plans pay up to two million dollars in claims, and this provides good financial protection against the high cost of medical bills. When compared to the cost of extending the employer’s coverage for 18 months as is allowed under COBRA law, the individual health insurance plan is often a far better value. We always tell those who consider purchasing COBRA coverage to compare the cost of an individual health insurance plan. Making the right decision in purchasing affordable health insurance can save thousands of dollars over the long term.

Rules When Buying an Individual Health Insurance Policy

Affordable-insurance.com serves consumers in Washington, Idaho and Oregon. Medical insurance purchasers from these states must answer questions about their health history before a policy is issued. For the few that are turned down for regular coverage, other options are available. In some cases, you are not required to answer these health questions, and the insurance company must issue the policy regardless of health status. Because everyone has a different circumstance, it is an excellent idea to utilize the advice of a professional. When purchasing Washington, Oregon and Idaho health insurance plans, Affordable-insurance.com can help find a plan that is right for you. Even if you think you would have difficulty buying health insurance in Idaho, Oregon or Washington, you should call one of our expert Customer Service Agents. You might be pleasantly surprised with our Washington, Idaho and Oregon medical insurance plans as well as our HSA Plans.

Medicare Plans and Med Advantage Plans

Medicare coverage is provided to eligible US citizens at age 65, 66 or 67 (depending on the year that you were born); to those who have been determined by the Social Security Administration to be disabled (at any age), and to those who have end-stage renal (kidney) disease (at any age). Once you have Medicare coverage, most people want a Medicare Supplement plan to fill in the coverage gaps of Medicare. These plans are also called Medigap plans. There is another option for those who are eligible for Medicare, Med Advantage plans. Med Advantage plans replace Medicare and often offer benefits that exceed those offered by the typical setup of Medicare plus a Medicare supplement. However, Med Advantage plans require purchasers to follow insurance company plan rules. The rules range from requiring the individual the use a defined list of doctors and hospitals to requiring the use of a primary care physician. Again, it is of great value to use the advice of a trusted professional. Visit Affordable-insurance.com to learn more about individual health insurance, Medicare plans, and Medicare supplement plans. Oregon, Idaho and Washington State only.

Why Purchase a Med Advantage Plan?

Medicare Advantage plans contract with the federal government and are designed to reduce out-of-pocket expenses and provide more coverage than traditional Medicare alone, providing all the benefits of Medicare Parts A and B, plus additional benefits. The beneficiary continues to pay the Medicare Part B premium as well as any additional premium charged by the Medicare Advantage plan. These plans go by names such as Regence MedAdvantage, Secure Horizons, etc. These plans offer a tremendous value to many Medicare eligible people, however, they are not for everyone. Call today to learn more about our Oregon health insurance, health insurance in Idaho, and Medicare plans. Washington, Oregon and Idaho residents only.

Why Buy a Medicare Supplement Plan?

Medicare supplement plans fill in the gaps left by Medicare such as the Medicare part A deductible, the Medicare part B deductible, prescription drug coverage as well as some of the cost shares that Medicare requires. These plans have fewer restrictions than Medicare Advantage plans and are well suited to individuals who travel frequently throughout the United States and desire a type of stable coverage that has changed little over the past 20 years. Affordable-insurance.com provides a variety of Medicare supplement plans; Washington, Oregon, and Idaho residents are eligible.