There has been a great deal of discussion about the various insurance policies available to those who are in the lower to middle income brackets. Obamacare promised a reduction in rates by making health insurance accessible to those who otherwise would be priced out of the market. Those first few years this was seen as a reality, but the predatory financial practices of the unregulated insurance companies came into play. In the 1970s, health care had been an industry regulated by the government with serious restrictions on making a corporate profit on health care. Hospitals and insurance companies could provide a service, but at reasonable costs. Then, everything changed and the laws were rewritten. Are indemnity health plans ACA compliant? In this article, we will explore this topic and hopefully provide you with the clear and concise answers you seek. To learn more about indemnity plans and their status within the ACA, please continue reading.
Are Indemnity Health Plans ACA Compliant?
So, are indemnity health plans ACA compliant? They certainly are, simply because the plans are written in such a manner that the ACA rules accept them. The ACA rules accept them because the ACA rules are written and re-written by the insurance companies themselves. That is the world in which we live.
What is Medical Indemnity Insurance?
Then what is medical indemnity insurance? For the consumer, it is an agreement written in contract form that argues that the consumer will pay any gaps in coverage from their primary coverage out of pocket.
Indemnity Plan vs PPO
In the indemnity plan vs PPO argument, always side on the PPO to do less damage to your personal finances.
Hospital Indemnity Insurance
So, are indemnity health plans ACA compliant? In a nutshell, yes, they are. The reason for this is that the insurance companies want to ensure that their most lucrative policies work for the exchange, and since they regulate the exchange, they adjust the rules to fit their needs. This sounds like a great deal of conspiratorial paranoia, but it isn’t. The way businesses have run rampant across the US economy is criminal, and with politicians in their back pockets, there is nothing to stop them from continuing onward. Hospital indemnity insurance is proof of this, where damages will never be rectified, only paid off with an indemnity policy against malpractice.
For more information please call Iquotenow today at (800) 674-9133