Health Insurance Options in West Virginia
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 purchase health insurance through HealthQuoteInfo. Call 855-614-5057 to shop around and save!
The Affordable Care Act
There are a few options available for residents of West Virginia when it comes to health insurance. For those who don’t have an employer-based plan, they can purchase an Obamacare plan during the Open Enrollment Period. This specific time frame starts on November 1, 2017 and ends on December 15, 2017, giving residents exactly 45 days to shop around for a 2018 plan.
It’s also important to note the state of West Virginia uses the federally facilitated marketplace, which means residents have to go to HealthCare.gov. The federal marketplace is essentially controlled by the government in Washington D.C. as opposed to a state-based exchange, which is directly controlled and regulated by the local government.
Tax Credits & Penalty
A lot of Americans are unaware that an Obamacare plan can provide certain tax credits. These credits can actually partially subsidize your monthly premium, resulting in your saving more money in the long run. On the other hand, if you do not purchase a health insurance plan, the Affordable Care stipulates you (or your household) are liable to pay a penalty when it comes to doing your taxes. There are certain exemptions that are applicable, but to avoid a hefty fine, it’s best to purchase a plan during the Open Enrollment Period.
Many residents in West Virginia can’t afford to purchase a health insurance plan, so they rely on Medicaid. This program provides basic medical, dental, and drug coverage to impoverished individuals, and serves as an important lifeline for many individuals. Medicaid is funded by the federal government but is administered by each state, so there are different qualifications depending on your location. For more details, check out this link here.
Like Medicaid, CHIP serves children and teens under the age of 19 years of age whose parents cannot afford health insurance. Millions of American children use this program and rely on federal funding provided by the White House. For more information, consult this link here.
We understand the health insurance industry is very complex 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.