Individual health insurance in California 2019. Updated 10.17.18. The 11 carriers that participated in the individual market in 2018 will be returning for 2019. Despite a lot of talk in Washington, the Affordable Care Act (also known as Obamacare) is still intact. California is lucky to have one of the largest numbers.
Health insurance is among the most important purchases you’ll ever make. Comparing health plans and obtaining individual insurance quotes and information has never been easy. Thanks to the Affordable Care Act, also known as Obamacare, you have consumer protection on your side. Before 2014, one could purchase an individual health insurance plan at any time of the year. But as of now, one can only buy individual health insurance during the open enrollment, except for special circumstances.
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Why Individual Health Insurance?
The Obamacare mandate requires that most people obtain medical insurance coverage. If you are not already enrolled in a health plan that meets the Affordable Care Act minimum essential benefits requirements, you may need to switch plans.
The mandate requires that most Americans and legal residents obtain health insurance that meets the standards set by the Covered California Exchange. Those who do not get covered for health insurance may face a penalty.
You may also need to get Individual Health Insurance in California if:
You are self-employed.
Your employer does not offer group plans.
You are enrolled in a group plan, but it does not cover your spouse or dependents.
You are enrolled in a health plan, but the premiums are too high.
You are enrolled in a health plan, but your benefit needs have changed.
Types of Individual Health Insurance
Individual health plans vary in how they are structured and how much they pay for your health costs. Under the ACA, all health plans must meet certain minimum essential coverage, meaning that no one can be denied during the Open Enrollment Period for any pre-existing medical conditions.
Health plans are classified under five major categories to make comparing them easier. The categories are divided according to the percentage of health care costs they pay, and they include the following:
Platinum – Plan pays 90% of your health costs. You pay 10%.
Gold – Plan pays 80% of your health costs. You pay 20%.
Silver – Plan pays 70% of your health costs. You pay 30%.
Bronze – Plan pays 60% of your health costs. You pay 40%.
Catastrophic – These plans are only for people under 30 years or those experiencing financial hardship. These plans pay less than 60% of your health care costs.
Buying California Individual Health Insurance
Before purchasing individual health insurance, you need to think about your health care needs and budget. Then, compare various plans to find the most suitable fit. Here are some questions you need to consider.
How is the plan structured?
Which providers are in the network?
What is covered by the plan?
How much out-of-pocket costs do you pay?
How much does the plan pay for your coverage?
Think about your budget as well as your health care needs, and find out how much it will cost you in insurance premiums and out-of-pocket costs for every plan you consider. Covered California makes it easier to compare different plans and choose the one that fits your individual health needs and budget.
Making a smart choice in health insurance isn’t easy, but the research you do now will pay off later when you need health care for yourself and your family. Take advantage of our online services at Health for CA Insurance Center to get free, instant quotes on California health insurance plans for individuals. Just fill out our confidential form to get started.
Another reason why you should get California individual health insurance coverage is that it is easy to do. There are a number of reputable and well-known health insurance providers in the state of California, including Blue Cross Blue Shield. All of these companies tend to have a number of California individual health insurance coverage plans to choose from. In addition to having different features or offering different amounts of coverage, these plans are also available for different prices. What does that mean for you, it means that with a little bit of comparison, you should easily be able to find an affordable California individual health insurance plan. With the ability to use the internet or speak with helpful insurance company representatives, you can easily request quotes or get more information in a matter of minutes, an hour at the most. How nice is that?
The above-mentioned reasons as to why you should get California individual health insurance coverage for yourself are just a few of the many that exist. Yes, you may be able to put off seeking medical treatment for now, but there may come a time when you will need it. When that time comes, do you really want to be uninsured?