Best Health Insurance Agencies in Edison, NJ

Edison, NJ Health Insurance FAQs

• Which non-conventional health plans are available to Edison residents?

  In Edison, residents have the option to select from a variety of unconventional health insurance plans, including health reimbursement accounts, health savings accounts, and health flexible spending arrangements. These unique health plans operate on the principle that individuals or their employers set aside tax-exempt funds to address various medical costs, including doctor's appointments, surgical interventions, and prescription medications.

• Which Medicare Advantage companies lead in providing HMO and PPO plans in Edison?

  Among the leading providers of HMO and PPO Medicare Advantage plans to Edison residents are Aetna, Blue Cross Blue Shield, and Longevity Health Plan. Aetna provides an average Medicare Advantage premium of $52, while Longevity Health Plan offers an average Medicare Advantage premium of $37. On the other hand, Blue Cross Blue Shield provides a monthly premium of $31 on average.

• What is the impact of the Affordable Care Act on health insurance in Edison?

  In accordance with the Affordable Care Act, individuals residing in Edison must obtain health insurance either independently or through their employers. Neglecting to procure health insurance will lead to the imposition of a tax penalty. Subsidies to lower policyholder premium costs may be offered, contingent on household size and income.

• What is the difference between individual and group health insurance offered to Edison residents?

  A significant distinction between individual and group health insurance in Edison lies in the number of individuals covered by the policy. Individual policies cover one or two individuals, whereas group plans cover multiple individuals under a master contract. With regard to underwriting procedures in individual policies, each person undergoes an assessment by the insurance company's underwriters before policy issuance. With group policies, the extent of underwriting depends on the group's size.

• Which health insurance providers lead in offering Medicare Part D coverage in Edison?

  The major Medicare Part D providers serving the Edison area are Horizon Blue Cross Blue Shield of New Jersey, Mutual of Omaha Rx, and Elixir Insurance. Those residents with original Medicare or a Medicare Advantage plan have the option to purchase standalone Part D coverage from a local provider.