Prior to Obamacare, healthcare premiums were very expensive for many families, and insurance companies could deny coverage to anyone with pre-existing medical conditions. If you weren’t healthy, coverage was nearly impossible to get. True to the name the “Affordable Care Act,” by law, healthcare is now a lot more affordable for many families.
Your annual income and the number of people in your household determines your insurance rate with Obamacare. This information is used to determine your eligibility for subsidies. Subsidies are a discounted rate on your monthly premium. The lower your household income is, the greater your subsidy will be. Obamacare automatically calculates your subsidy discount based on the information you provide. Call us today to see if you qualify for a discount on your monthly premium.
If you plan on retiring, your income will most likely decrease quite a bit. Financial assistance (subsidies) is available depending on your income, Obamacare can be a real option.
Eligibility for subsidies is based on your income for the entire year, not just your income for the months you are enrolling in the marketplace plan.
If you are considering early retirement and want to see the options available to you, don’t delay, we are here to help.
We are a respected independent insurance provider working with multiple carriers to offer a wide array of Medicare and Health Insurance choices. At Tree of Life Health Insurance, your well-being is our top priority,