Category: FAQ

Answer: If you end the year earning more than you estimated you may have to pay back some or all of the premium tax credits you received.If your income increases during the year and you end up earning more than you originally thought when you applied for your insurance , you may have to pay… Continue reading What if you make more money than you estimate?

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Rate increases for 2020; Anthem will rejoin the exchange, average rate changes lower than past years. As was the case in 2019, we will continue to see the cost-sharing reductions as well as lower deductibles and out of pocket maximums for on-exchange silver plans for 2020. And good news for people in Northern Maine, Anthem’s… Continue reading What’s new in 2020?

      Should I consider a high-deductible plan? Answer: If you’re healthy and have some money in the bank, you might want to consider a high-deductible health insurance plan (HDHP). HDHPs typically have lower premiums than traditional health plans because of the high deductible, and they protect you from catastrophic health events. But HDHPs are not… Continue reading What are High-Deductible Plans?

     I’ve always had a high deductible plan, and I’m happy with my coverage. I’ve heard that the ACA allows for a catastrophic plan. Is that the best option for me? Answer:  Catastrophic Plans are only available to people under age 30 or people older who qualify for a hardship exemption. Although the term “catastrophic… Continue reading What are Catastrophic Plans?

    When I compare health insurance plans for my family, they all show a family deductible.  Does that mean we’d have to meet that full deductible even for just one person? Answer: No. There are individual deductibles built into the family deductible, and each family member is only required to meet the individual deductible… Continue reading What is a “Family” Deductible?

     Community Health Options (CHO) is a Co-Op, how are they different from regular health insurance companies? Answer: They are basically the same. Co-ops are health insurance companies run by members for members, similar to credit unions. They were created through the Affordable Care Act in 2010 to increase competition among health insurers and… Continue reading What is a Consumer Operated and Oriented Plan?

IMPORTANT NOTICE ABOUT SHORT-TERM PLANS: Short-term health insurance plans are not qualified health plans under the Affordable Care Act (ACA or “Obamacare”) and do not meet the coverage and benefit requirements of the ACA. You cannot receive a subsidy (premium tax credit and/or cost-sharing reduction) under the ACA in connection with your purchase of short-term… Continue reading Temporary Medical Plans