Best Health Insurance Agencies in Cary

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.
  

• Does health insurance in Cary automatically renew?

  The health insurance coverage will undergo automatic renewal for an additional year, commencing on January 1, subsequent to the closure of open enrollment in Cary. No further action is required on your part to facilitate this process. The open enrollment period, which concludes on December 15, is also the allotted time for you to alter your health plan based on current circumstances. If you missed the deadline and were automatically re-enrolled, adjustments may still be made until January 15, with the coverage taking effect on February 1.

• What alternatives exist if you cannot afford basic health insurance in Cary?

  Individuals who fall between 100% and 400% of the Federal Poverty Level and are ineligible for employment benefits, the Children's Health Insurance Program, Medicaid, or Medicare coverage may enroll in income-based health insurance plans in Cary under the Affordable Care Act. Eligible participants may receive either premium tax credits to lower their monthly payments or cost-share reductions to decrease out-of-pocket healthcare expenditures. The subsidies ensure that the enrollees pay no more than 8.5% of their household income for coverage.

• How would acquiring critical illness insurance supplement health coverage in Cary?

  Cary residents may supplement their health coverage with critical illness insurance, which may help cover exorbitant treatments for life-threatening illnesses, including cancer, stroke, organ transplant, Alzheimer's disease, and Amyotrophic Lateral Sclerosis. Upon critical illness diagnosis, the policy provides a lump sum benefit that can be utilized at the patient's discretion.

• Which health plan in Cary should you choose if you seldom need medical care?

  Individuals below 30 who lead a healthy lifestyle and infrequently require medical attention may qualify for low-priced basic medical coverage in Cary through catastrophic health insurance. Catastrophic plans only cover up to three medical visits at a $35 co-pay and some preventative services at no cost; policyholders must pay most of the costs out of pocket until the deductible is satisfied. Once the deductible is completed, the insurer pays 100% of the covered medical bills for the rest of the coverage period.

• How do you qualify for a health savings account for your Cary health insurance?

  To fulfill the eligibility criteria for a Health Savings Account in Cary, one must satisfy the following conditions:

  • The individual must be enrolled in a qualifying high-deductible health plan.
  • The applicant should avail of no other health coverage.
  • The enrollee should not be eligible for or enrolled in the Medicare program.
  • The individual should not be claimed as dependent on someone else's tax return.

• 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.