Obamacare Financial Assistance

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For many families it can be very difficult to make ends meet. With the added cost of required health insurance, it can be downright impossible. Fortunately, you can find some good options out there that can help provide financial assistance to make paying for the health services much easier.

Medicare for Financial Assistance – Some individuals and families may be able to apply for and receive Medicaid. Your eligibility will be dependent on your income and the number of people who are in your family. This can be a good low to no cost option for low-income individuals and families unable to afford traditional health insurance through the system.

Premium Tax Credits – It may be possible to receive advance premium tax credits as well. Again, they will base your eligibility on this through your income and the number of people in your family. With this option, you will receive credits from the government, which can be applied directly to your monthly premium. This will reduce the overall cost of your monthly payments, bringing them down to a level that is more affordable.

You will need to estimate your income for the following year to determine how much you will be able to receive in tax credits. You need to make sure that you have a plan that is more than your tax credits will cover as well.

Another option that many people may qualify for is Obamacare. These are extremely affordable plans that you can find through the state. They have low monthly premiums and low out of pocket costs. One of the biggest benefits is that there is no deductible. This means your insurance will begin as soon as you need it.

The service and care offered through these plans is just as good as the care through other plans. They will provide all of the basic services needed and required by law, but it will cost far less than a traditional plan.

In order to qualify for these plans, you will need to meet some certain basic requirements. You need to live in Massachusetts and be a citizen, national, or lawful alien in the US and not be in jail. In addition, you can’t be eligible to have health care through your employer, and you cannot be on Medicaid, Medicare or similar programs.

They also look at your income to determine eligibility for these plans. If you make more than 300% of the federal poverty level, you will not qualify. Those who make less than this amount can qualify for one of five different plans based on the amount of money they make.

While the idea of spending money on healthcare is never anyone’s idea of a good time, it is a necessity. You have to have coverage according to the law, and thanks to the various programs available in Massachusetts, it is finally possible to get coverage that is actually affordable. Don’t try to get away with not having insurance. The penalties are very steep. Currently, it is $695 for an adult and $487.50 for a child. They may also choose to penalize you by 2.5% of your annual income, if it is higher. Take the time to see what is available to provide you with some financial assistance.

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Speak with a Live representative, call (855) 601-7915

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