Best Health Insurance Agencies in Melbourne

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.
  

• Is Medicare only for seniors in Melbourne?

  Yes. Medicare in Melbourne is a federal health insurance program created for people aged 65 years old and above. However, it can also cover seniors below 65 with certain disabilities and people of all ages with End-Stage Renal Disease. This health insurance pays for primary hospital care and related medically necessary services but doesn't pay for long-term care.

• Who is qualified for Medicaid in Melbourne?

  In Melbourne, individuals of any age with low incomes can qualify for the health care program called Medicaid. Florida’s Statewide Medicaid Managed Care Program has three categories: Managed Medical Assistance, Long-Term Care, and Dental. Senior citizens can only be enrolled in one plan at a time. Seniors who are eligible for LTC cannot apply for MMA.

• How long can you stay on your parent's health insurance plan in Melbourne?

  In Melbourne, you can stay on your parent's health insurance plan until the age of 25 years old. According to Florida law, adult children who are still living at home with their parents or are full-time students may remain on their parent's health insurance plans until they reach 26. Also, the law allows people up to the age of 30 who are single and without children to continue to be covered by their parent's health insurance plan.

• What will happen if your health maintenance organization in Melbourne becomes insolvent?

  The Florida Office of Insurance Regulation ensures that every health maintenance organization remains solvent. If your Melbourne HMO provider becomes insolvent, it will be subject to liquidation, a process analogous to declaring bankruptcy. A court hearing will take place to liquidate the company's assets and liabilities. Then, part of the plan is to distribute the company's assets to policyholders according to the law and court approval.

• What will happen to your health insurance coverage from your employer in Melbourne if you leave your job?

  If you leave your job in Melbourne, COBRA coverage can still be extended to you. This is also applicable even if you are terminated. Employees who resigned or were terminated have 30 to 60 days to sign up for an extension of their COBRA coverage. However, you will need to pay for the premiums since you are no longer employed by your employer. Premiums may be between 102% and 115% of the group health rate.

• 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.