7 ways to save in the Health Insurance Marketplace

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There are several ways you can save money in the Health Insurance Marketplace. How you save, and how much you save, depends on several things, including family size and income.

  1. You may be able to get lower costs on your monthly premiums when you enroll in a Marketplace health insurance plan.
  2. You may qualify for lower out-of-pocket costs for copaymentscoinsurance, and deductibles.
  3. You or your child may get free or low-cost coverage through Medicaid or the Children’s Health Insurance Program (CHIP).
  4. You can’t be charged more for a pre-existing condition or because you are a woman.
  5. You may be able to be covered on your parent’s insurance plan if you’re under 26.
  6. You may be able to buy a lower-premium “catastrophic” coverage plan, if you’re under 30.
  7. Small businesses may qualify for the expanded small business health care tax credit.

How will I know what I qualify for?

When you fill out your Health Insurance Marketplace application, you’ll find out how much you can save and what coverage you’ll qualify for.
Here are some important things to know about getting lower costs on coverage:

  • Most people who apply will qualify for some kind of savings.
  • Open enrollment starts October 1, 2013 and coverage starts as soon as January 1, 2014.
  • Marketplace plans and prices will be available on October 1.

In the meantime, answer a few quick questions and we’ll provide you with a personalized list of programs you may be eligible for, content you’ll want to read, and a checklist to help you get ready.

Questions? Call 1-800-318-2596, 24 hours a day, 7 days a week. (TTY: 1-855-889-4325)

At HealthTN.com we have been serving families in Middle, East and West Tennessee for the last 5 years as an extension of Continentalha.com. Our agents are from every corner of the state ready to serve all areas in East, Middle and West Tennessee. Our home office is currently located in Nashville, TN.