Frequently Asked Questions
If you don’t access to health insurance through an employer, you may be eligible for affordable health insurance through the Affordable Care Act (ACA).
It’s possible that you can get financial help to pay for your health insurance plan if you qualify. The federal government recently passed the American Rescue Plan*, a COVID-19 relief law that helps make health insurance more affordable through the Affordable Care Act. The new law increases financial assistance and makes more Floridians eligible to receive it. In fact, according to the Kaiser family Foundation, close to 400,000 uninsured Floridians could get a plan with $0 monthly payment after financial assistance. To find out if you qualify for financial assistance, you can visit healthcare.gov.
Yes. A health savings account (HSA), health reimbursement account (HRA) or a health care flexible spending account (FSA) can help you pay for eligible medical expenses. You must choose a health insurance plan that offers one of these tools to use them. If you do have a plan that offers one of the above accounts, you could use the pre-tax funds in the account to save and pay for qualified health care expenses.
With a deductible, you’ll need to pay a specific amount on covered services before your health insurance starts to share costs with you on covered services. So, if you have a deductible of $1,000, you’ll have to pay 100% of covered medical expenses until you’ve paid a total of $1,000. Once that has happened, you begin sharing the cost for covered services with your plan by paying coinsurance.
When you’ve met your out-of-pocket maximum, your health plan will pay for covered health care services and prescriptions for the rest of the year.