Open Enrollment for ACA Is Over – But You Still Have Options!
The Open Enrollment period for Affordable Care Act (ACA) plans has officially closed. If you missed the deadline or are now facing higher-than-expected premiums, you might feel like you’re stuck with limited choices. But the good news is, you don’t have to settle! There’s another option that could save you money while providing excellent coverage—a medically underwritten private health insurance plan.
What Is Medically Underwritten Private Health Insurance?
Medically underwritten private health insurance is an alternative to ACA plans that offers significant cost savings—typically around 30% less than ACA premiums. These plans assess your health status as part of the enrollment process, allowing insurers to offer lower rates to healthier individuals. Unlike ACA plans, which must accept all applicants regardless of pre-existing conditions, medically underwritten plans can customize their risk pools, leading to lower costs.
Why Consider a Private PPO Plan?
Many people are drawn to Private PPO (Preferred Provider Organization) plans because they offer flexibility and comprehensive nationwide coverage. Here’s why a private PPO might be the right choice for you:
Lower Costs – Compared to ACA plans, private medically underwritten PPO plans can save you 30% or more on your monthly premium.
Nationwide Coverage – Unlike many ACA plans that have restrictive networks, private PPO plans provide access to a broad network of doctors and hospitals in all 50 states.
Freedom of Choice – You’re not locked into a regional HMO or an EPO with limited in-network providers.
Year-Round Enrollment – Unlike ACA plans, which have strict Open Enrollment periods, private medically underwritten plans have no special enrollment restrictions—you can apply at any time!
Who Can Qualify?
Because these plans are medically underwritten, approval is based on factors like your health history and current medical conditions. Generally, individuals in good health with no major pre-existing conditions are more likely to qualify and receive the best rates. If you’re relatively healthy and looking for an affordable, flexible option, this could be a great fit.
How to Enroll
Since there is no Open Enrollment period for medically underwritten private health insurance, you can apply at any time. The process typically involves:
Speaking with a Licensed Insurance Agent – They’ll help you determine if you qualify and compare plan options.
Completing a Medical Questionnaire – This helps insurers assess your risk level and provide an accurate quote.
Choosing the Right Plan for You – Once approved, you can enroll and start enjoying coverage immediately.
Is This a Good Option for You?
If you are facing high ACA premiums, are in good health, and want more flexibility in choosing your healthcare providers, a medically underwritten private PPO plan could be the perfect solution. Not only will you save money, but you’ll also gain access to a nationwide network of doctors and hospitals without the restrictions of an ACA plan.
Final Thoughts
Just because Open Enrollment for ACA has ended doesn’t mean you’re out of options. If your current plan is too expensive or too restrictive, exploring a medically underwritten private health insurance PPO could provide better coverage at a lower cost. Best of all, you can enroll any time of the year!
If you’re interested in learning more, reach out by calling 239-230-7499 and start saving on your health insurance!
Comments