“Obamacare” is one of the biggest sources of confusion and concern in the nation right now. It’s difficult to sift through all of the information coming from different political parties, agencies, and opinions. What people really need are the facts so that they can make preparations for coming changes in the most prudent and affordable ways.
Kimsey Hollifield, president and founder of Hollifield Financial Group has answers. Kimsey and his team of experts are quickly becoming the “Obamacare” specialists in Asheville. Kimsey is an award-winning agent with nearly a decade of experience in the health, life, and annuity fields of insurance. He has helped thousands of people in the Carolinas save money and secure their futures.
Kimsey worked for the largest insurance agency in the country, even leading his own team in Charleston, South Carolina, before returning to his Asheville roots to provide the coverage for his home community.
Kimsey has compiled a top 20 list of “Obamacare” Must-know Facts for your convenience!
“Obamacare” is officially known as The Patient Protection and Affordable Care Act.
Plans are guaranteed issue.
The only health question is tobacco use.
The plans are broken down into bronze, silver, gold, and platinum levels with co-pays decreasing as premiums rise.
Maternity is included in every plan.
Applications submitted by December 15, 2013 will go into effect January 1, 2014.
People who make up to 400% more money than the Federal Poverty Limit will still receive subsidies.
The Federal Poverty Limit is $11,490 for a single individual.
ALL pre-existing conditions are covered as long as you enroll during the Annual Enrollment Period.
The Annual Enrollment Period is October 1, 2013 through March 31, 2014.
Customers could be eligible for zero premium plans.
Customers have until December 31, 2013 to make the initial payment for a January 1st effective date.
There are several qualifying events that allow a person to make a purchase outside the Annual Enrollment Period.
Customers who smoke E-cigarettes are considered non-smokers and will receive a lower rate.
If receiving a subsidy, a 90 day grace period is given on all late payments.
Subsidies are available in the form of a tax credit or premium reduction.
Medicare is not part of the health insurance marketplace.
Smokers could pay as much as 50% more than non-smokers.
Uninsured Americans currently cost the healthcare system approximately 49 billion dollars per year.
The law requires insurers to spend between 80 and 85% of premiums on medical care.
If you have not yet enrolled in a plan, or have any questions, contact Kimsey Hollifield at 828-280-1489 for more information. Also visit their website: www.hollifieldfinancial.com