Health Insurance Explained

What is health insurance? Health insurance is a way to pay for health care. It protects you from paying the full costs of medical services when you're injured or sick. Just like car insurance or home insurance, you choose a plan and agree to pay a certain rate, or premium, each month. What is the Affordable Health Care Act? The Affordable Care Act actually refers to two separate pieces of legislation — the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 — that, together expand Medicaid coverage to millions of low-income Americans and makes numerous improvements to both Medicaid . When is the next open enrollment for Obamacare? The Open Enrollment period for 2015 coverage is November 15, 2014 to February 15, 2015. If you haven't enrolled in coverage by then, you generally can't buy Marketplace health coverage for 2015 until the next Open Enrollment period for coverage the following year. What is a premium for health insurance? Your premium is the amount you pay to the health insurance company each month to maintain your coverage. When trying to understand the cost of a health insurance plan, the premium is the first thing to consider. But make sure to balance it against other costs, such as copayments, deductibles and coinsurance. If you have been injured or a loved one has been killed in an auto accident, you need a dedicated attorney on your side. The experienced auto accident lawyers that have a proven record of helping victims of injury get maximum compensation. They are here to take your case, fight for your rights, and help you get the justice you are due.