Affordable Care Act Plans
Free Consultations for Affordable Care Act Plans
By law, we cannot charge any fees for our services. Consultations for Affordable Care Act Plans are always no cost and no obligation. We enjoy getting to know our clients and building relationships over time.
Understanding the Affordable Care Act
The Affordable Care Act (ACA) also known as “Obamacare,” became the law of the land back in 2010. The ACA changed the face of Health Insurance forever. The ACA accomplished a number of objectives, including providing standardized health plan designs, provided required health plan coverages, and provided Premium Tax Credits (subsidies) to lower premiums for many people. Most people on Group Health plans do not realize that they also conform to the ACA.
Advantages of Affordable Care Act Plans
There are many advantages to Affordable Care Act Plans. For example, Affordable Care Act Plans are “guaranteed issue” which means they must cover pre-existing health conditions. By law, there are no coverage limits, out-of-pocket maximums are capped, and they must include 10 Essential Health Benefits, including preventive care, emergency services, hospitalization, prescription drugs, mental health services, and pregnancy care.
The Importance of the Local Agent
We are experts on the Affordable Care Act (ACA). We have the know-how to accurately estimate household income and subsidies. We are also Veteran-owned with a local office conveniently located in Hermon, Maine.
Where to purchase Affordable Care Act Plans
Prior to 2022, people could purchase an Affordable Care Act Plan on the Federal Health Insurance Exchange, known as Healthcare.gov. A person applying there could get their subsidy and purchase their insurance in one place. In 2022, Maine created its own State-Based Exchange (SBE) known as CoverME. Those who had applications at Healthcare.gov were automatically transferred to CoverME. We are certified with CoverME and assist our clients with their applications and actually maintain those accounts.
One of the critical things that sets us apart from other agents is our understanding of how to estimate household income. In past years, many people experienced large tax bills, feeling they were penalized, because their agent underestimated their income during the application. By accurately estimating income, we help people avoid those large tax bills.
Insurance Companies offering Affordable Care Act Plans
We represent all Affordable Care Act Plans listed on CoverME.gov in Maine, including Community Health Options, Harvard Pilgrim, and Anthem Blue Cross.
