Health Insurance in Illinois & Get Covered Illinois Resources
The deadline for the 2017 Open Enrollment is January 31, 2017. If you are a resident of Illinois, you can get coverage through Get Covered Illinois or directly from any major health insurance carrier serving the state. If you do not have health insurance, not only are you risking your health and finances, but you may also be required to pay a HUGE tax penalty unless you qualify for an exemption. Not sure how to pick the right insurance policy for you? This is where we come in.
Just call our hotline 1-888-418-8795 and our licensed Obamacare insurance agent will be happy to discuss your best options for health insurance in Illinois based on your specific needs and requirements.
Give us a call for your FREE no-obligation consultation!
About Get Covered Illinois
Get Covered Illinois is the “official health marketplace” for the state of Illinois and its millions of residents. This is the official health insurance Exchange made possible by the Federal Affordable Care Act (Obamacare), the Governor’s office, and the top health officials in the state. If you are a resident of Illinois, all you need to do is visit GetCoveredIllinois.com so that you can find the insurance coverage and options that suit your needs.
Despite the uncertainty regarding the future of Obamacare in the country, it is still in effect in 2017. The ACA mandate allows (and in most cases requires) an American citizen or a legal resident to get access to affordable insurance through the state marketplace. Of course, they still have the option of getting private health insurance on their own.
As a resident of Illinois, all you need to do is visit your marketplace online at getcoveredillinois.com. There, you can find the various health insurance providers and plans available for your county. From 2010 to 2015, about 850,000 individuals in the state were able to get health insurance due to the ACA.
Illinois also implemented the Medicaid expansion of ACA, and as a result almost 650,000 gained coverage. About 260,000 residents also receive subsidies to offset the cost of their private health insurance in the Illinois marketplace.
Obamacare in Illinois
In Illinois and the rest of the country, the Affordable Care Act mandates most American citizens and permanent residents to have health coverage that meets at least the minimum requirements. You can choose from 4 metal levels – Platinum, Gold, Silver and Bronze levels.
Since Bronze level coverage is smaller in comparison, the premiums for this plan are the most affordable. The Platinum plans are the most expensive, but the insurance company starts contributing to the cost of the health care almost immediately.
Catastrophic plans are available for residents who are below the age of 30 and who cannot afford regular health insurance. They must be able to prove that they are unable to pay for regular premiums due to some form of hardship. These include being evicted from their home, having received a shut-off notice from the utility company, death of a family member, domestic violence, or higher expenses in the care of an aging or sick family member.
In Illinois, the premiums only range from $120.29 to $180.79 a month. However, the medical deductible is $6,600 which the insurance holder is responsible for. You also pay more than 40% of the cost of the total health care expenses, as the insurance company will cover less than 60%. Nevertheless, after the deductible the insurance company can pay for 100% of the covered services.
These plans must still cover 3 primary care visits per year. They must also completely pay for certain preventive services. There are many of these services, including those for all adults, for children, and for women. These entail screening for certain diseases, counseling for depression and alcohol abuse, as well as support and supplements for pregnant women.
Buying Health Insurance in Illinois
Illinois residents like yourself can easily access health insurance plans and information from Get Covered Illinois. The benefits and quality of the insurance plans are similar to what is available in the private market place, though the premiums may be more affordable if you are eligible for subsidies (premium tax credit).
What is especially advantageous is that with the GetCoveredIllinois.com you can easily compare the plans available for the county you belong to.
Health insurance should be foremost for the benefit of the insurance holder like you, instead of merely as a profitable industry for insurance providers. It enables people to get affordable insurance because they would have been unable to afford the insurance without the subsidies and tax credits made available by Obamacare.
Without Obamacare, the 650,000 individuals who got insurance through the Medicaid expansion would lose their eligibility. In addition, about 275,000 residents of Illinois may not be able to retain their health insurance coverage if they are to lose the subsidies made possible by the ACA.
Almost everyone in the US, with some exemptions, must have the “minimum essential coverage” in their health insurance. They can get this through a government health program, through their employer, or on their own with a private insurance plan.
Normally, you will have to pay a tax penalty if you fail to get the minimum coverage. The fine can be either of the two possible options:
- The amount equaling 2.5% of the annual household income, minus the less the federal tax filing threshold.
- $695 per adult and $347.50 per child, though the total cannot go over $2,085 per family.
The fine you pay will be the amount that is the greater of these 2 options.
You can avoid paying the fine if you are one of the sanctioned exemptions under the ACA. These are the exemptions:
- People who have gone through a financial or domestic hardship that keeps them from getting insurance, such as a death in the family, increased expenses in the care of sick or aging family members, eviction or homelessness, and declaring bankruptcy.
- Those whose income is below the minimum tax filing threshold.
- People who are in prison.
- Those who are not US citizens or US nationals.
- People who have been without insurance for less than 3 straight months.
- The members of a religious group that have been established since at least December 31, 1950 and that oppose any insurance benefits.
- The members of Native American tribes.
- The members of a recognized healthcare-sharing ministry.
Why Do You Need Health Insurance in Illinois?
There is no way to predict what tomorrow may bring. You or a loved one are always at risk of facing hardships that will require medical assistance.
This can result in a financial catastrophe for your family due to the high cost of medical services. With health insurance, we make sure that we can afford the medical aids that we require.
Having health insurance also makes you more likely to get the preventive services you need, which can detect serious ailments early enough to save your life.
Do not wait until disaster strikes before you get insured. With insurance, you are preventing the risk of financial burden and you may be saving your life or the life of a family member.
Don’t have health insurance? Visit Get Covered Illinois or talk to one of our licensed insurance agents.