Do you need health insurance tailored specifically to your child’s needs? For those of you who are currently covered by a health insurance program, we have some good news to offer. Due to the Affordable Care Act, children can now be insured and enjoy protection under your health insurance policy until they reach the age of 26.
We encourage you to read our free, step-by-step approach to purchasing health insurance via the Marketplace registration if you want to know more about this. You may go to it by clicking on the link provided below.
Even if you don’t have your very own health insurance program, it shouldn’t hinder you from enrolling your children in a plan. Multiple ways are there to help make this happen.
Children’s Health Insurance Program
In terms of other options, the Children’s Health Insurance Program (also known as CHIP) is at the top of the list. As a qualified federal program, it allows states to maintain their own health insurance plans for the low-income bracket, uninsured children to the maximum age of 19 years old, and to do so for their own residents. Inevitably, the federal government would oversee these initiatives.
High-income families disqualified for Medicaid can enroll their children in CHIP, which provides comprehensive healthcare coverage. When it comes to qualifying for CHIP benefits, every single state has its own set of rules to follow. Children whose families earn at least 200 percent of the Federal-defined Poverty Level or greater are covered in most cases (FPL). Calculating the savings for a family of four brings in a staggering $49,200 in total savings for the household.
Every single preventative care treatment for “healthy children” is fully covered at no extra charge with CHIP health insurance coverage guidelines. CHIP can also cover a variety of additional expenses, such as routine checkups, dental work, prescriptions, immunizations, eye care, hospitalization, and emergency treatment.
The program also covers a variety of additional expenses, such as routine check-ups, dental work, prescriptions, preventative care, eye care, hospitalization, and emergency treatment or care. CHIP does not automatically renew on a yearly basis. You must therefore ensure that the renewal process is completed annually in order to ensure the continued enrollment of your child.
Medicaid
Your family may qualify for Medicaid, which provides free or health care at a cheaper cost for those who need it. Medicaid is a joint federal-state program that provides health coverage to average-income households. The key qualifying requirement is the individual’s income level. The elderly, young adults, and kids afflicted by some kind of infirmity, however, must meet extra qualifying conditions. Pregnant women are also qualified. Medicaid covers 1 out of 4 kids in the United States.
You can contact the Skyline Insurance team for more detailed information and some in-depth information about Medicaid and CHIP eligibility and the application process. In addition to providing you with the necessary details about Medicaid and CHIP eligibility, the Skyline Insurance team can also help you get started with the application process.
Marketplace Options
During the Open Enrollment period, you may want to look for plans designed solely for children’s needs on the Marketplace. Depending on your income level, these plans may potentially qualify you for substantial savings. All Marketplace plans are required by law to offer comparable coverage.
Pre-existing conditions and preventative treatment (a typical example for which is vaccination) are both covered under these insurance policies. Due to taxpayer subsidies, they could be offered in gratis or for very cheap amounts for low-income families.
Those who have children covered by employer-sponsored plans that are not accessible through the Marketplace will not be eligible for any Obamacare subsidies for children, which are only available to them.
Available Options
Moreover, some private insurance plans provide primary coverage only for children and are not found on the Marketplace. However, they are not likely to provide comparable types of benefits as marketplace plans.
At the commencing of open enrollment, you may use the Health Insurance Marketplace to compare and analyze coverage options and thus see how many potential savings you can have. Your dependents, including you, are included in this.
Open Enrollment is a great way to get CHIP or Medicaid, but you don’t have to wait until then. Initiating your application through the Marketplace or Skyline Insurance agency is a straightforward process.
