New Health Insurance Marketplace
What is the Health Insurance Marketplace?
On October 1, 2013, the Health Insurance Marketplace
will be a new way for individuals, families and small businesses to get health insurance. The Marketplace will give you more choice and control over your health insurance options and is designed to help you find health insurance that fits your budget, with less hassle. You’ll be able to get information about all the plans available in Maine by going to the Marketplace web site. You’ll be able to enroll yourself, directly through the website, or call a toll-free phone hotline. Health plan coverage begins January 1, 2014.
Click here for more information about the Marketplace or watch the short video to the right.
How much will insurance cost me in the Marketplace?
Many people will be able to get a break on costs through the Marketplace, even if you think your income is too high to get help. You can fill out one application and see all the programs you might qualify for. Since the Marketplace doesn’t open until October, Kaiser Family Foundation has created an online calculator you can use to get a general idea about what insurance might cost you in the Marketplace. People who make less than $46,000 a year will get a break on costs – and a family of 4 can get a break on costs if they make less than $94,000 a year. The lower your income, the less you have to pay. Here are a couple examples to give you an idea of the cost:
A 30 year old single person who makes about $16,000 a year would pay about $540 a year for health insurance (that’s about $45 a month).
A single person who makes around $30,000 a year would pay about $2,500 a year for insurance (that’s about $208 a month).
A family of four that makes about $32,000 a year would pay about $1,030 a year for insurance for the whole family (that’s about $85 a month).
A family of four that makes about $64,000 a year would pay about $5,580 a year for insurance for the whole family (that’s about $465 a month).
Do you need help understanding the Marketplace?
If you’re having difficulty finding a plan that meets your needs and budget, there will be people who can give you personalized help with your choices. These helpers are called Navigators. Navigators aren’t associated with any particular plan, and they don't sell insurance or get commissions, so the help they give you is fair and objective.
There is also a broad network of trained organizations and individuals that can help you. Call our HelpLine for help or to find local help in your community. 1-800-965-7476
Other helpful information: