What is the Marketplace Insurance Program?

The latest news coverage on the health care Insurance Marketplace can be very confusing for the average consumer. Eligible participants need to understand the basics behind the new healthcare insurance initiative prior to the enrollment date of October 1st. Consumers can navigate their state’s insurance marketplace to:
• Compare health insurance options.
• Select a plan that meets their individual budgets and needs
• Enroll in coverage
Additionally, the Marketplace will:
• Provide information on programs to help consumers pay for coverage
• Determine if the consumer is eligible for other public health program such as Medicaid

Who is eligible to purchase health insurance through the Marketplace?

Most consumers will be eligible to purchase health coverage through their state’s marketplace as long as they live in the United States, are a U.S citizen or national and not currently incarcerated.

When is enrollment?

October 1, 2013: Open Enrollment Starts
January 1, 2014: Health Coverage Can Start
March 31, 2014: Open Enrollment Ends

What can you do prior to enrollment?

Prior to the enrollment date, consider these three crucial questions :
How much can you afford to spend on premiums and other medical expenses?
What health care services you can afford?
Are there certain providers or health care facilities that you prefer?

Do you need to purchase insurance through the marketplace if the employer provides coverage?.

If you have health benefits through your employer, you may keep that as your coverage. You may have the option to replace your coverage through the Marketplace.

How much will the Marketplace premiums cost?

Monthly premiums costs for the Marketplace are not yet available.

What if I cannot afford the Marketplace premiums?

There may be some programs available that offer financial assistance.

Consumers that will be participating in the insurance marketplace may want to secure a primary care physician prior to the enrollment period. There is an informative website that can answer additional questions about your new insurance options. Check out http://www. healthcare.gov


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I am passionate about sharing senior citizen news and resources discovered from both my profession and personal journey.

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