Sunday, November 03, 2013

The Truth About Those Canceled Health Plans

The Truth About Those Canceled Health Plans
The most important thing to do is shop around. Your current health insurance company isn't necessarily offering you the best deal. And some of the horror stories we've been seeing in the news turn out not to be quite true. The bottom line is that some people will pay more and some will pay less.
Obamacare's health insurance exchanges include every qualified health plan sold in your local area and the prices vary a lot, so before signing off on that big rate increase or deciding to go uninsured, find out what you can get instead.
Another thing your health insurance company probably isn't telling you is that you may be able to get help paying for your insurance through Obamacare's tax credits, which are available to anyone who earns up to four times the federal poverty level, or about $46,000 for a single person this year.

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