No matter what level of family health coverage you purchase, there are certain medical conditions and services that must be covered. The difference between the plans is that the higher tiers cover more medical expenses and may lower your co-payments, deductibles and maximum out of pocket expenses, but these higher tiers also carry a higher premium. The best way to find out which one is best for your family is to click the “apply now” tab and choose the insurance plan that reflects your needs.
There are 10 essential health benefits that must be covered under the new health care act, and these must be included in every tier of the program. They are emergency services, hospitalization, maternity care, mental health and substance abuse care, prescription drugs, lab work, preventative medicine, pediatric services, rehab and ambulatory patient services. Each tier of the program will cover all of these services, but they come with different levels of out of pocket expenses. This means that you will pay less for the coverage, but will have to pay more when you use the services at the hospital or doctor’s office.
You should purchase the plan that best fits your current budget and allows you to take full advantage of the tax credits offered for your family health coverage. These credits may allow you to upgrade to a higher plan without a major effect on your finances. A higher tier plan would save you money later, and a lower tier plan allows you to pay less now. If you earn between 138 and 400 percent of the federal poverty level, then you should also apply for tax credits with your insurance policy.