What do I need to apply for Marketplace insurance?
You need some basic information to start the Open Enrollment process. First, you need to provide information about your household, including household size (including anyone you claim on your tax return). For each of these people, you need some basic information like birth dates, home addresses, and social security numbers. Additionally, you’ll need information about…
Read MoreWhen can I apply for a Marketplace Plan?
Open Enrollment Period If you buy you own health insurance — versus getting health insurance through your employer — you can review your options and renew or purchase your plan for the upcoming year during the annual Open Enrollment Period (OEP). The Open Enrollment Period takes place each year from November 1 to December 15…
Read MoreWhat are the Metal Levels in Marketplace Insurance?
When you start planning for Open Enrollment, your first question may be which metal level of health coverage is right for you. Health insurance plans in the Marketplace fall into four metal-level tiers: Platinum, Gold, Silver, and Bronze. These metal levels reflect the differences in how costs for your healthcare are split between you and…
Read MoreWhat is the Health Insurance Marketplace?
The Health Insurance Marketplace is an online system run by each state that lets people compare options and shop to find an affordable health insurance plan that works for them. Through the online Health Insurance Marketplace, you can look to see what options are available if you want to purchase insurance. With the Health Insurance…
Read MoreWhat is a Marketplace Plan?
Have you ever wondered what the difference is between a Marketplace plan and Obamacare? Good news: They’re one and the same. The Affordable Care Act (ACA), also known as the Patient Protection and Affordable Care Act, is the landmark healthcare reform legislation. It became the law of the land in the U.S. after President Barack…
Read MoreWhat is private mortgage insurance?
If you get a conventional loan and make a down payment of less than 20 percent of the home price, you are required to purchase private mortgage insurance (PMI). PMI protects the lender (not you) in case you fail to make your mortgage payments. Banks, savings associations, credit unions, and mortgage companies make conventional loans…
Read MoreHow do you know if life insurance is a good choice?
“How do you know which life insurance is good for you?” Submitted by Migdalia C. Life (and other) insurance policies are a way to protect your assets. If you think about your decision this way, you’ll have the information you need to make the best decision for you. What are your needs? Consider these questions:…
Read MoreHow to Build an Insurance Plan to Protect What Matters Most
We all face risks every day, from driving a car to the ever-present risk of illness or natural disasters. Protecting yourself from these varied risks is a complex task. Consider a relatively simple risk: adopting a pet. Picture your newly adopted dog, maybe a little frazzled by his new environment. You’re out on a walk…
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