In response to the Coronavirus Pandemic, President Biden has issued an Executive Order that reopens the Federal Health Insurance Marketplace from February 15th to May 15th to help the 28.9 million uninsured Americans gain access to healthcare and get assistance paying for coverage. What does this mean for you?
You have the unique opportunity to:
- Obtain healthcare coverage
- Upgrade your existing coverage
- Find out if you are paying too much
- Determine if you are eligible for a Premium Tax Credit or Cost-Sharing Assistance
Finding health coverage can feel overwhelming. From the number of options to the terminology used, it can be easy to feel lost. Compass Insurance Agency has a team of health insurance agents ready to help take the guesswork out of shopping for coverage.
Happy with Your Coverage or Have Employer Coverage?
You may still have gaps you are unaware of. An estimated 530,000 American families file for bankruptcy each year due to medical bills, that’s roughly 67% of all bankruptcies.
- Do you know what your deductible is?
- What about your coinsurance amounts?
- In the event of an injury or a diagnosis would you be able to comfortably afford those costs?
The reality is most Americans do not have $10,000 to cover unexpected medical costs.
A majority of families that had to file for bankruptcy due to medical bills had health insurance, but they had no protection from steep deductibles and coinsurance rates imposed on them by insurers. Luckily, you can protect your family against the uncertainty of medical bankruptcy with an accident or critical illness policy to supplement your current coverage.
Health insurance can be daunting, but don’t let that stop you from getting the protection you and your family needs. Compass health insurance agents can help you find the best fit while saving you time and money.