Hello,
I have a question about the healthcare insurance in US.
I have heard that it is tied to your employment and the company provides for it.
So here are a couple of questions:
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Is there no way for an individual to get their own personal insurance and not be dependent on the company?
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What about freelancers, business owners and retirees? Do they forfeit their insurances?
The ACA does not require all private plans to cover preexisting conditions. It requires all marketplace exchange and ACA compliant plans to do so. But many insurers - including Blue Cross Blue Shied and UHC - withdrew from the healthcare.gov exchange years ago to sell non-ACA compliant plans instead. With the death of the individual mandate, they lost the insured numbers to make it work. The remaining plans there are from companies like Oscar and are frankly not competitive with what you can get separately - other than preexisting coverage.
Yes you can buy family plans, and of course it scales in price. Averages out to about $400 per person, but of course that also depends on the PPO list, copay v coinsurance, coverage for ancillary services like mental health and prescription medication, and etc.
Not all private health plans cover routine preventive care at a reduced rate. I was on a UHC plan where my annual checkup cost me several hundred dollars.
The ACA was awesome at first. It dramatically improved my personal health insurance. But within a couple of years, the exchange in my area was a ghost town. It is a shell now.
Got it, thanks for the clarification. I wasn’t aware that insurers were offering non-ACA-compliant plans. That’s frustrating. It sounds like those plans are basically there only to cover catastrophic emergencies and illnesses, e.g. a car accident or cancer.
I still stand behind the comment that it’s meaningless to throw out a monthly number. It varies so dramatically depending on your gender, age, and location, to the point where it’s meaningless to give a number without that context.
Non-ACA compliant plans are the norm now that the individual mandate is dead. I have one and it is definitely not for catastrophic only coverage. It is just mediocre compared to a major group plan. I deal with health insurance through work, and ACA compliant plans have become the rare exception rather than the rule.
You are right about the rates. $400 is a ballpark because it is what my office uses to determine monthly reimbursement for coverage purchased by individuals, since we are too small to bargain for a decent group plan. But we have no cancer survivors or other extreme high risk individuals.