If you haven’t signed up for a new health insurance plan this year, open enrollment is still running until January 15th. We’ve compiled a list of changes in healthcare in 2023 to help you make the most informed choice possible.
Healthcare subsidies are in place until 2025
The Inflation Reduction Act is providing Americans with healthcare subsidies all the way through 2025. This means that your premiums are limited to 8.5% of your income, which can really help if you’re struggling with your healthcare costs.
The best part? There’s no longer an income cap on these subsidies, where you originally could only receive them if your household income was 100% to 400% of the federal poverty level.
You can also find high-quality plans with budget-conscious prices through First Family Insurance. With us, you only pay for the services you need and not a penny more. You can learn more by scheduling a call.
Telehealth continues to evolve
In the aftermath of the COVID-19 public health emergency, telehealth use skyrocketed in 2020 and has since stabilized at a significantly higher baseline than at any time prior to 2019.
Telehealth is a valuable method of receiving professional medical advice at a significantly lower cost than a physical visit. For more on your current telehealth options, please give us a call and speak to a healthcare expert on all of your options.
Short-term health insurance is available all year
As open enrollment comes to a close on January 15th, you may be concerned that you’re running out of time to receive coverage. But even if you miss that deadline, you still have options!
As we’ve discussed before, short-term health insurance plans are a great alternative to typical plans because you can enroll in them at any point in the year. This is can be a great option if you’re switching jobs and losing your plan through your employer. Plus, coverage can last anywhere from a single month to 36 months, and you can cancel at any time without associated fees.
Ready to lock in your new plan and start the new year off right? Contact us today and see how much you could be saving!