Insuring a Bright Future

The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself.

After you pay your deductible, you usually pay only a 

copayment

or 

coinsurance

for covered services. Your insurance company pays the rest.

• Many plans pay for certain services, like a checkup or disease management programs before you've met your deductible. Check your plan details.

• All Marketplace health plans pay the full cost of certain preventive benefits even before you meet your deductible.

• Some plans have separate deductibles for certain services, like prescription drugs.

• Family plans often have both an individual deductible, which applies to each person, and a family deductible, which applies to all family members.

Generally, plans with lower monthly 

premiums

have higher deductibles. Plans with higher monthly premiums usually have lower deductibles.

Market Reforms

Out-of-Pocket-Limits

• ACA establishes out-of-pocket limits for all non-grandfathered health plans in both markets

• 2022 Individual and Small Business Marketplace out-of pocket limits are $8,700 for self-only coverage and $17,400 for family coverage

• Limits are adjusted annually for inflation.

Out-of-pocket maximums apply to each individual within a plan, regardless of whether they are in a self-only or family plan.  For the 2022 plan year this means that no individual within a plan will be required to pay more than $8,700 in out-of-pocket costs. This is referred to as an embedded out-of-pocket limit.

Discuss your unique property with our agents to determine its insurability and value.

No. You do not need a new home appraisal during the renewal or coverage change process.