The importance of a major medical health plan in today’s environment

The past twelve months have been a particularly trying time for our world. The COVID-19 pandemic has changed our way of life, possibly forever. We have all done our part by social distancing, washing our hands, and wearing our masks. However the highly contagious nature of the coronavirus can sneak its way past our best defenses. Now, possibly more than ever, having a comprehensive major medical health insurance plan has never been more important.

Recognizing this, the federal government has opened a second open enrollment period for the Affordable Care Act (aka Obamacare), running from February 15 to August 15 this year. As in the normal enrollment period that runs from November 1 to December 15, everyone has the chance to enroll in a health insurance plan through the federal marketplace. It may be you missed the enrollment period last year or lost your coverage from your employer, but time is of the essence to make sure you are protected.

Wading through the murky waters of Obamacare Open Enrollment and all its parts and plans can be a daunting task. To find the best plan for your needs, there are many questions you need to ask yourself and consider. What are the eligibility requirements? Are your doctors in-network? Will you have a co-pay to see a specialist? Are your prescriptions covered? If you know you will need a medical procedure performed, how would it be covered? Are there added-value benefits on the plan that you can take advantage of? Do you qualify for a no-premium plan? How much subsidy could you qualify for to lower your cost of coverage? What is cost-sharing, and how can it give your plan a much better “bang-for-the-buck”? If you’re enrolled in a plan now, are you getting the most subsidy you’re entitled to?

On top of those questions, the American Rescue Plan Act recently passed by congress has opened up even more paths for affordable coverage. Among its many provisions, people who had previously made too much to qualify for a subsidy to lower their cost of coverage now may find themselves eligible for help with their premiums. Others who are already enrolled in a plan may now be eligible for even more subsidy and could potentially qualify for a $0 cost Silver plan. Starting this summer, anyone receiving unemployment benefits for at least one week in 2021 could qualify for an additional increase in savings. And it continues from there, potentially positively affecting everyone from those under COBRA coverage to Medicaid beneficiaries.

These are just a handful of the myriad of questions involved in finding the right plan for you and your situation. These questions demonstrate that it is a process that no one should attempt without professional guidance. The advisors of Beckett Financial Group, members of the Healthcare.gov Circle of Excellence and Elite Circle of Excellence, provide tailored, detailed, and professional care to help clients past the pitfalls that health plan enrollment may bring. And they do it at no cost to you. It doesn’t seem to make much sense that someone would try to navigate all of those moving parts on their own when they can get free professional help, does it?

Since 1999, Beckett Financial Group founder JB Beckett has provided clients with trusted and valuable counsel in Columbia, Greenville, and all throughout the Palmetto State. The BFG Team of specialists – ranked in the Top 1% of Insurance and Financial Advisors in the United States for the past five years – has extensive knowledge in the areas of retirement income planning, annuities, life insurance, under-65 health insurance, Medicare options, estate education, business consulting, and community involvement, making them a leading destination for financial solutions. It’s your money and your future. Now, it’s your move.