Best Health Insurance Agencies in Edison

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.
  

• 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.

• 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.