Health Insurance & Obamacare Plans in Texas
Planning to purchase health insurance in Texas but aren’t sure which one to choose? There are countless options for coverage in 2017 and we can help you pick a health plan that is best suited to your needs.
Our licensed insurance agents in Texas can present you with the top choices and the best policy payments to help you save money.
Call 1-888-418-8795 for a free no-obligation consultation with our insurance agent.
Facts About Obamacare Insurance in Texas
The Affordable Care Act requires citizens of the United States and legal residents to have at least the minimum coverage. If they do not, then they may have to pay a hefty tax penalty. As a resident of Texas, you can purchase health insurance through the Marketplace which is federally run by the HHS, or you can go to one of the major health insurance companies that serve Texas and ask for insurance quotes.
Texas Gov. Rick Perry did not approve a state-based Marketplace and as such, the health insurance in the state is being run by the Department of Health and Human Services.
Health Care in Texas
Since the Affordable Care Act was implemented a few years ago, the number of uninsured Texans has dropped significantly, from 27% in 2013 to nearly 20% according to a Gallup survey. It means that because of the ACA, there are now a few million more people in the state that have less of a chance of facing a financial crisis caused by expensive hospital bills. It also means that millions of people in Texas now have access to preventative care.
But while the situation has certainly improved, the state still has the highest number of uninsured residents in the nation. This is in large part due to its refusal to expand Medicaid.
Purchasing Health Insurance in Texas
The federal government, spearheaded by the HHS, will step in to run the health insurance exchange in Texas in a bid to get more Texans to purchase coverage. If the state implements all Obamacare provisions, then 3 million Texans are estimated to be insured through the marketplace.
If you want to enroll in a health insurance plan, all you have to do is apply through Healthcare.gov. You can also fill in the form on our website to view all the approved Obamacare providers in the state and get insurance quotes.
With the ACA’s aim to make health insurance affordable and available to as many people as possible, you can count on federal subsidies to pay a portion of your insurance premium.
Moreover, even if you have a pre-existing medical condition, the health law prohibits insurance companies from denying you coverage. This used to be a problem for many in the past but today, anyone in Texas and all other states no longer have to worry if they have been diagnosed with an illness prior to buying insurance.
Our website can provide you with insurance quotes to help you determine which plan will work for you. You can also compare various plans offered by major carriers.
Who’s Eligible for Health Insurance in Texas?
Under Obamacare, you are eligible to purchase insurance if you’re a US citizen under 65 years old, or a national or a lawfully present resident in the country. You cannot be eligible for Medicare, Medicaid, CHIP or any federal coverage program. Incarcerated individuals and illegal immigrants are also not allowed to buy coverage. Those with employer-sponsored coverage can also purchase insurance through the Exchange but they cannot avail of subsidies unless their coverage from their employer amounts to over 9.5% of their yearly income.
It is essential for you to buy health insurance. In Texas, if you do not have health insurance in 2017, you will have to pay a tax penalty unless you qualify for an exemption. This penalty is equivalent to $695 per adult and $347.50 per child (maximum of $2,085 per family) or 2.5% of the household income, whichever is greater.
If you want to buy health insurance, you can visit Healthcare.gov which is the official “Exchange” in the state through which you can buy an Obamacare Health plan. To sign up for coverage on Healthcare.gov, you will need to provide the following information:
- SSN for every member of your household
- The name and address of your employer
- Your latest pay stub or wage record
- Information about your other income such as investments, unemployment benefits, and others.
As mentioned earlier, you can buy health insurance through a broker or directly from an insurance carrier. Don’t worry, with the strict rules of the health law, you will pay the same price for a plan no matter where you decide to purchase it.
If you want to take advantage of a government subsidy, you need to pick a health plan that the government of Texas has approved. Also referred to as Exchange Plans, such plans meet a set of criteria that aim to get rid of benefit loopholes.
On the other hand, if you don’t qualify for a tax credit (subsidy) then consider one of the health insurance plans offered by private marketplaces in Texas. Our website can help you compare various plans to determine which one will best suit you and your family.
The Open Enrollment for 2017 is from November 1, 2016 until January 31, 2017. If you’re unable to enroll for Obamacare coverage, you may still be able to avoid the tax penalty by learning more about your options for coverage outside of the enrollment period.
It’s never wise to be without a health insurance plan. Protect yourself and your family financially and ensure you get the best health care possible by choosing a high quality insurance policy.
Call us and we will be glad to help you find an affordable insurance plan that will enable you to save more money.