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Purchasing Health Insurance Post Obamacare, What To Think And Plan - Part 2.

Picking up from where we left, purchasing health insurance off private and federal marketplaces is not an easy task. With most front end errors being fixed for the website, healthcare.gov is only suffering from backend exchange platform issues at the moment. While they might seem trivial right now, when the entire America begins to enroll through the system, these backend errors might cause several applications to fail and enrollments to go awry. What can the applicants do in that case? Let's find out in our second part of what to think and plan before purchasing health insurance in a post Obamacare world.

1. What to do with canceled health policies - canceled health policies are the new evil springing up in the health insurance exchange integration challenge that the administration has been facing for two months. Basically, these canceled health policies are those which have been deemed incompliant with the PPACA. Everyone with such policies has received a cancellation notice, adding another few million to the group of uninsured Americans. To tackle this sudden windfall of uninsured, the administration has suggested that insurance payers take back the cancellation notices and allow people to renew their existing policies through exchange integration platform for another year. However, this has not gone well with state regulatory authorities and insurance payers. Both parties feel that this can lead to a complete failure of the PPACA and complete wastage of all the effort done since the last few years. As a consumer, your exchange connectivity is hampered by the fact that you are not insured under any compliant plan, and are still waiting for a clear answer on the adoption of the renewal of canceled health policies. As of now, you should sit tight with these policies as, depending upon your state, you might get a chance to renew your existing coverage.

2. Subsidies and Plans to Purchase - Once you have everything intact, the exchange platform to buy from, whom to buy from, and what to do with existing policies, you have to go ahead and make the big decision - which plan to buy and how to get subsidies. For the plan that you are buying, see if you are getting the required coverage, what is the deductible associated with the coverage, how substantial is the improvement in coverage, and whether you are eligible for any subsidies. If you are, then you might lower the bill, but keep in mind that if your income varies over the year, you might have to pay those subsidies back to the federal health insurance exchange integration platform if your income exceeds 400% of the poverty level.

While the above steps are not completely foolproof and might require some tweaking from case to case, they are as close as you can get to making an informed decision. These strategies are going to serve as a guideline for everyone who wants to purchase health insurance in a reformed exchange integration market.

Author is a well known authority on health insurance exchange in the US. she is currently looking to expand her expertise in Exchange Integration and exchange payment available.

Original article published on amazines.com

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