Before we tell you whether it will be mandatory or not, we want to put it in context so that you understand what the situation is at the moment.
To begin with, it must be made clear that health is an issue that must be a priority in our lives, because we never know what may come our way. To not go too far, the pandemic that the world is currently going through, for example, turns out to be an extremely difficult situation for those who do not have health insurance.
That is why, at Sebanda Insurance, we want to present to you the risks of not being properly protected, and to do this we must explain to you what happened before the Affordable Health Insurance Act ( Health reform aimed at making health insurance more accessible and affordable for everyone).
On the one hand, waiting times and overcrowding in emergency rooms were incalculable. If any health situation arose, people went to hospital emergency rooms as the only option. For this reason, these were saturated with patients who, for the most part, did not require emergency treatment, and waiting times were increasingly longer for patients who really needed these services.
On the other hand, after receiving treatment, patients returned home with huge debts that they could not pay. Many hospitals ended up with financial deficits and the government took charge so as not to close them.
Low-Cost Health Insurance 2025, A Lifesaver for Many People!
As a consequence of this problem, Obama’s law, known as Affordable Health Insurance , came into effect in 2015 , and established that health coverage was mandatory. But how could low-income people afford these costs? Obama’s law, ACA, provides subsidies to each family based on their income. Thus, it makes health care accessible to every household. You have the option of choosing a plan with higher copayments and deductibles, and a lower monthly premium. These bronze plans put a cap on your debt that will not exceed $7,900. If not, your debt would be unpredictable.
And if you’re wondering, what about sick or pregnant people? By law, they have to be accepted regardless of their health status. However, this means that health insurance companies have to take on a greater financial risk. However, the number of young and healthy people entering the risk pool makes up for this.
So, is it mandatory or not?
The answer is no, health insurance will not be mandatory in 2025, as it was no longer mandatory in 2019. However, it is important to understand that even though it is not mandatory, it does not mean that it is not necessary.
Let’s see why it is no longer mandatory: Since 2019, Trump eliminated the mandatory nature of health insurance. Consequently, for this next tax period, if you did not have health coverage during 2019, you will not be penalized or fined. But pay attention! If healthy people choose not to have health insurance, the system would return to the same chaos that existed before. This is why we could not sit idly by and made a list of the main reasons why you should worry about having health insurance, because as they say, prevention is better than cure!
- Health insurance provides financial protection in case you have a serious accident or illness. For example, a broken leg can cost you a lot of money. And in this case, medical coverage will help protect you from high unexpected costs.
- With any of the coverages on the market, you will have access to preventive services such as vaccinations and screenings, at no cost. And obtaining these types of services is a key step towards good health and well-being.
- When you apply for insurance with us, you’ll be able to find out if you qualify for savings that can make insurance less expensive. Before you apply, select your household size, state, and income range to see if you may qualify for financial help.
Now, at Sebanda Insurance we know that applying for private or state health insurance on your own is complicated, that’s why we have a highly qualified team that offers quality service. For this, we show you all the health insurance options you have and then you will choose the plan that best suits your needs.
Remember that here we have more than 50 insurance companies to always offer you the best coverage and the best price on the market. Do not hesitate to call (844) SEBANDA to request a FREE quote and apply for one of our health insurance plans.