Indiana health insurance provides plenty of options for those in the market for a plan. Health insurance enrollment is also mandatory under the Affordable Care Act. The health insurance marketplace is a great resource for people who need medical coverage. The site educates readers about various medical insurance plans by helping them to determine their needs and for which plans they may qualify. Lots of individuals avoid enrolling in a health plan due to the cost, however, penalties for going uncovered may outweigh the cost of health care coverage. Affordable health insurance is obtainable with some due diligence. Filling out the health insurance application with the health insurance marketplace is an excellent place to start to get an idea of your eligibility. You can get a health insurance quote here to get started.
Shop for Indiana Medical Insurance Plans
The government health insurance marketplace website is an excellent place to get started. Filling out the insurance application starts the process to determine medical insurance plans for which you may be eligible. Health care plans fall into different categories. These categories are usually termed platinum, gold, silver and bronze. This nomenclature refers to the insurance plans’ level of coverage it provides, how high the deductibles are and cost of the copays and premiums. Compare health insurance quotes for the available medical insurance plans for which you are eligible to help you determine which ones meet your budgetary needs. When you select a health insurance plan, you will need to provide a great deal of information. Your name, age, Social Security Number, occupation, address and any other family members to be covered on your medical health plan are all necessary. Typically, there is a set enrollment period in which to shop. This time period is called open enrollment. There are circumstances during which you may enroll in a health insurance plan outside of the open enrollment period. The special enrollment period is open to those who demonstrate circumstances of life changes, such as losing a job, getting married or divorced, moving or having a child. Adults turning 26 years of age are dropped from their parents’ medical health plan and are entitled to the special enrollment period. Find health insurance quotes near you.
Healthy Indiana Medical Insurance Plan
The Healthy Indiana Plan (HIP) is a special medical health plan for residents 19 to 64 years of age who qualify as low income but may not qualify for Medicare or Medicaid. The HIP medical health plan comes in two tiers, the HIP Basic and the HIP Plus. HIP Plus comes with comprehensive benefits including vision and dental and the insured pays a premium sensitive to their income. This health insurance plan also requires no copay for services except in the case of an emergency room visit that is not an emergency. This medical health plan is considered the best value medical health plan for HIP. HIP Basic is a health care plan that serves those with income levels less than or equal to the federal poverty level and whose have less to contribute. It provides the essential health services, but not vision and dental. This medical insurance plan does require copays for doctor visits and prescriptions.
Health insurance enrollment into HIP requires an application. Application forms are available online, by mail or in person at local Division of Family Resources (DFR) offices. Once all information is provided, the HIP health care plan application is processed within 45 business days. The DFR will respond with a decision on your application with a letter sent by regular mail informing you of your eligibility for health insurance through HIP.
Penalties for Not Having Health Insurance
Not having health insurance is against the law if you can afford it. If you can afford a plan but elect not to enroll in health insurance coverage, then you may face a fee. The fee is calculated depending upon your situation. It can be either a flat fee for each member of your household who does not have medical coverage or a percentage of your annual household income. When you file your federal tax return, if you were without medical health care for three months of that tax year, then you will have to pay the greater of the two amounts. Every month you are without health insurance counts. The longer you go without coverage, the higher the fee. People who meet certain levels of low-income may be exempt from paying the fee. Don’t risk incurring a penalty fee, compare medical insurance quotes to find the best deal.