One advantage of a Marketplace plan is that it offers credits for lower premiums. These credits are only eligible to individuals with an annual income under $45,960 (or $94,300 for a family of four). If your income exceeds this amount, you may find better rates on the free market.
When it comes to coverage, you can obtain the same benefits from a free market plan as you can from a policy bought on the exchange. This includes benefits for mental health and preventive care. No insurer, on or off the exchange, can deny you coverage if you have a pre-existing condition.
If you already have health insurance coverage, you can continue with your current plan or upgrade it with your current insurance carrier. It is not necessary to purchase a Marketplace plan to meet your healthcare insurance requirement.
By learning more about your health insurance options, you can choose the right plan for you within your financial means. For more information about California insurance coverage, contact Sackett & Associates Insurance.