Florida’s Health Insurance Marketplace
Floridians without coverage may be able to remedy that problem by enrolling in the marketplace. This cost-effective overhaul of the individual and family insurance market gives subsidies to numerous residents so they can buy and keep their health plans.
The Florida Health Insurance Exchange is run by the federal government and provides a great solution for many people who have been unable to obtain coverage previously.
- Ambetter from Sunshine Health
- Cigna Health and Life Insurance Company
- Florida Blue (BlueCross BlueShield FL)
- Florida Blue HMO (a BlueCross BlueShield FL company)
- Florida Health Care Plans
- Health First Insurance, Inc.
- Humana Medical Plan, Inc.
- Molina Marketplace
- Preferred Medical Plan
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 100 and 250 percent of poverty in Florida. 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 your most optimal choice. And of course, if your income is in the Medicaid-eligible range, go ahead and apply for free healthcare immediately.
Florida didn’t expand it’s Medicaid program, so if you earn less than poverty but more than Medicaid, keep writing your state officials until they change the law.
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.
Florida Subsidy Calculator
Use this tool to find out if you qualify for subsidized coverage on the Florida 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.