Best Health Insurance Agencies in Lakewood

Frequently Asked Questions

• Introduction

  If you're looking for health insurance for yourself or your family, an agent can help you save time, understand your options, and manage your costs. Insurance agents must be licensed in the state where they operate. They can provide information about on- and off-exchange plans to help you weigh all of your options, and they can see if you qualify for tax credits that can lower your monthly premiums. There's no cost to work with an agent, and they can help you save quite a bit by recommending the best plan for your needs. Here's what you should know before you get started.
  

• What sets apart healthcare sharing plans from conventional health insurance policies in Lakewood?

  Healthcare sharing plans, often referred to as faith-based health plans, operate independently of the rules and regulations outlined in the Affordable Care Act. These plans are tailored to fulfill the requirements of conventional health insurance within the Lakewood area. To navigate the options for healthcare-sharing plans, seek guidance from a licensed insurance expert.

• What are the popular Medicare plans in Lakewood?

  Among the popular Medicare plans in Lakewood is an HMO policy from Kaiser Permanente, which offers a maximum out-of-pocket cost of $4,200. Another is an HMO plan from Aetna with a MOOP of $6,800. People looking for local PPO plans can explore Anthem BCBS, which offers a MOOP of $6,700, and Humana, with a $7,550 MOOP.

• Can short-term health insurance plan holders in Lakewood keep their policies a lot longer than what was previously allowed?

  New governmental directives introduced in April 2019 allow Lakewood residents to extend the duration of their short-term health plans well beyond six months. Government regulations require these plans to maintain a medical loss ratio of at least 80%. Moreover, they must include the essential health benefits outlined in the Affordable Care Act and those mandated by the state. Short-term health plans also offer affordable monthly premiums.

• Where can Lakewood residents purchase healthcare plans?

  Residents of Lakewood can obtain health insurance through Connect for Health, which serves as Colorado's authorized health insurance marketplace. An online tool is accessible for comparing different plans before initiating an application, considering factors like the monthly premium, projected annual healthcare expenses, and the scope of doctors and medications covered. To apply, Lakewood residents must furnish the names and birthdates of all household members, their mailing addresses, and details regarding their sources of income.

• What is the base cost of Medicare in Lakewood?

  The base monthly rate for Medicare Part A in Lakewood is $506, while Part B's base cost is $164.90. The insurance company determines the base cost for Medicare Parts C and D. Moreover, the Medicare premium is subject to income-based adjustments, with higher incomes resulting in higher adjusted amounts.

• How can you find affordable health insurance? 

  Affordable insurance is available through employers, Medicare, Medicaid, and the federal Health Insurance Marketplace, which offers subsidies in the form of tax credits. You can also purchase coverage through private insurance companies and independent agents. Nearly half of all Americans have employer-sponsored health insurance, and about 10% of the population is uninsured.