Time has expired to enroll in a traditional health policy
What is a Traditional Extended Health Policy?
First of all, the Affordable Care Act requires health policies to provide mandatory coverage (called Essential Health Benefits) in their health plans. These benefits may not be desired or needed by a healthy person but by law must be included. These "benefits" are reflected in the premium paid every month by you, the policy holder. How do you avoid this increase in monthly premium in 2014? Keep reading.
With a Traditional Extended Health Policy you will be asked medical questions on the application just like in the past. If you are healthy, pass medical questions, and your plan is in effect before DECEMBER 31, 2013, then your policy is not subject to many of the Affordable Care Act requirements until December 31, 2014. However, not all companies offer this kind of policy.
The advantage of a Traditional Extended Health Plan is to allow the "smoke" to settle and give the Government and States time to adjust, thus insulating you and your family from all the insecurities and give you peace of mind. With your Traditional Extended Health Policy , you will be in compliance with the individual mandate and thus are not subject to a penalty in 2014.
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