Health Insurance Options in Mississippi
2018 Obamacare Open Enrollment Period from November 1, 2017 to December 15, 2017. You can purchase health insurance for the upcoming year through the marketplace (HealthCare.gov)
You can buy health insurance through HealthQuoteInfo. Call 855-614-5057 to shop around and save!
The Affordable Care Act
The population of Mississippi has benefitted dramatically since the Affordable Care Act was enacted in 2010, as the state faced a high rate of uninsured individuals in the past. Over the last five years, this rate has slowly decreased as more people are purchasing plans.
If you’re a resident of Mississippi and are looking for a 2018 plan, you have to purchase a plan during the Open Enrollment Period. This begins on November 1, 2017 and ends on December 15, 2017, providing you with exactly 45 days to shop and compare plans, giving you ample time to make an informed decision.
Federally Facilitated Marketplace
The state of Mississippi uses the federally facilitated marketplace, meaning residents have to go to HealthCare.gov during the Open Enrollment Period. But what does a federally facilitated marketplace mean?
Well, the state does not control the exchange and instead relies on the federal government to operate the logistics. This is opposed to a state-based exchange, where the state has complete control of the marketplace.
A certain percentage of the population lives under the poverty line and cannot afford to purchase a health insurance plan during the Open Enrollment Period. Therefore, these individuals rely on a program called Medicaid, which provides essential dental, health, and drug coverage.
Medicaid qualifications differ depending on your region, so it’s best to consult this link for more information. It’s also important to note the state has voted to expand the program, so keep an eye out for changes shortly.
You can receive tax credits by purchasing a plan through the federal marketplace. For small business owners with less than 50 employees, SHOP (which stands for the Small Business Health Options Program) is a great option and provides health coverage to all individuals and complies with federal standards.
We understand the health insurance industry is very complicated and confusing at times. So, if you have any questions regarding this subject, we highly encourage you to phone one of our specialists here at HealthQuoteInfo. Our agents can help you understand all this information, so call today at 855-614-5057.