Health insurance is a type of insurance coverage that pays for medical, surgical, and sometimes dental and vision expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. It is often included in employer benefit packages as a means of enticing quality employees, with premiums partially covered by the employer but often also deducted from employee paychecks. The cost of health insurance premiums is deductible to the payer, and the benefits received are tax-free.
Choosing a health insurance plan can be tricky because of plan rules regarding in- and out-of-network services, deductibles, co-pays, and more.
Medicare and the Children’s Health Insurance Program (CHIP) are two public health insurance plans that target older individuals and children, respectively. Medicare also serves people with certain disabilities.
In 2010, President Barack Obama signed the Patient Protection and Affordable Care Act (ACA) into law, also known as Obamacare. In participating states, the act also expanded Medicaid, a government program that provides medical care for individuals with very low incomes. In addition to these changes, the ACA established the federal healthcare Marketplace that helps individuals and businesses shop for quality insurance plans at affordable rates. Low-income individuals who sign up for insurance through the Marketplace may qualify for subsidies to help bring down costs.
At Univista Insurance Coconut Grove we are ready to assist you in your health insurance needs Whether you are a self-employee looking for insurance for you and your family, or whether you are an employer searching to offer a health group plan for your employees. Please call us and we will be more than happy to show the best option in the market.