Breaking Down Insurance Plans in the Affordable Care Act - KULR-8 Television, Billings, MT

Breaking Down Insurance Plans in the Affordable Care Act

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BILLINGS -

The American health care system is undergoing a major transition. One change, the Affordable Care Act which will be another option for health insurance.

"It's a complicated process and there's a lot of uncertainty right now," says Congressman Steve Daines, who knows the Affordable Care Act is a confusing new system and creating a lot of uncertainty. "Montanans aren't sure what to do and that's why we're looking at the President now. He's delayed Obamacare mandates for businesses for one year, we need to delay the mandates for individuals as well."

But as of now, the Affordable Care Act takes effect January 1st, and many aren't sure what to do and if there will be a big difference in coverage.

"These are private insurance companies that are already doing business here in Montana. So, the benefit designs will be similar to what's in the current private market today," says Kristianne Wilson, Billings Clinic Health Policy Executive Director.

Comparable to the private market, there will be different plans with different premiums and deductibles, which you choose based on what works best for you. The difference in the Affordable Care Act, financial aid based on your income to make it affordable.

"The subsidies are used to help reduce the cost of the premium for the individual," says Wilson.

But would the affordable care act be a better choice for you?

Wilson says "it would be sort of a case by case comparison but there are lots of resources going to be available in the markets starting October 1st, helping people try and make those comparisons."

The goal is to make it as easy and understandable as possible, so there will be resources to help you figure out what works best.

"If you've wanted insurance and you haven't been able to afford it before, you'd be silly not to go out there or seek the one on one assistance to see if given your income, would it now become affordable with those subsidies?" says Wilson.

Wilson also says some of the things you should look for when making your decision is your income, how often you utilize your insurance plan, and the premiums and deductibles.

"Another thing to consider is looking at the plans. Do they include in their networks the providers, the physicians, the hospitals that are in your community and that you are familiar with?" says Wilson.

The Health Insurance Exchange for the Affordable Care Act opens on October 1st. If you have more questions, click on Connections to be directed to the Montana Health Answers site.

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