Delaware’s Health Insurance Marketplace
Delaware residents who aren’t covered by an employer or a government-run program now have access to a more affordable option. The state has partnered with the federal government to offer individual and family health plans on marketplace, an innovation of the Affordable Care Act.
- Coventry One
- Highmark Blue Cross Blue Shield of Delaware
What is the Exchange?
You’ll often hear it called a “one-stop shop” for health insurance, which existed prior to the health law, but marketplace health plans are a different animal from regular insurance as they offer subsidies. The exchange serves the individual and small group markets with subsidized coverage — mostly individuals, as it’s not as affordable for small businesses to cover their workers than to suggest they sign up for their own low-cost plan.
Each of the new rules of the ACA apply to the policies sold on the exchange. The highlights for consumers are reduced premiums and even lower cost sharing. Many individuals qualify for lowered deductibles, copays and coinsurance to ensure they can afford their plan.
You can determine your eligibility for health insurance assistance in Delaware by using the subsidy calculator below.
Why do I need coverage?
It’s important to stay healthy — we all know this — but it’s now being reinforced by federal law. Medical costs in our country have grown exponentially, and so have health disparities.
Don’t let this be the reason you buy coverage, though. It’s a responsibility factor for your health and your wallet.
Health insurance will also help you avoid the penalty for being uninsured, which increases every year.
How do I know if the exchange is right for me?
Marketplace coverage is ideal for those who earn between 133 and 250 percent of poverty in Delaware. If you earn up to four times the poverty level, you can also receive slight discounts on premiums, but not cost sharing.
If you don’t have access to another type of coverage and are uninsured, the exchange is definitely your optimal choice. While Medicaid now accepts more applicants, if you earn too much to qualify you’ll be directed to a very low cost plan on the exchange.
And of course, if your income is in the Medicaid-eligible range, go ahead and apply for free healthcare immediately.
Under the law known as Obamacare, each exchange plan covers ten categories of essential benefits and doesn’t deny anyone coverage based on health status.
Let the experts at East Coast Health Insurance help you find the right plan and determine if you’re eligible for subsidy. Everyone needs protection from high medical costs and there’s a great opportunity during each open enrollment period to do so.
Delaware Subsidy Calculator
Use this tool to find out if you qualify for subsidized coverage on the Delaware health insurance marketplace. You can view the carriers serving your area and your potential tax credit to help reduce your monthly premium.
Get enrolled or discuss your marketplace choices with a licensed agent at 888.803.5917.
*The above disclaimer pertains to the creator of this comparison tool, not East Coast Health Insurance, a licensed broker of insurance products.