A Guide to the Most Affordable Health Insurance in Mississippi
The percentage of uninsured people in Mississippi is higher than the national average as of 2021, but we are here to change that!
We want health insurance in Mississippi to be affordable for everyone in the area so they can access the medical care they need.
We know, as you probably do too, that health insurance is a significant expense that is often a burden. At the same time, it’s a vital expense and will help you continue accessing good healthcare.
Finding and affording health insurance can put a lot of extra stress on you. That’s why we’ve put this guide together.
Below, you’re going to read all about affordable health insurance in Mississippi and what you need to do to get it.
Mississippi Insurance Marketplace
The Mississippi Insurance Marketplace is an online resource to help you and your loved ones find and purchase healthcare. You’ll be able to compare costs and ultimately decide which plan is best for you and your budget.
It’s federally run and a great option if you don’t get insurance through your employer. Even if you do have coverage from your job, you can still enroll if you feel you don’t have enough.
Open Enrollment
There is a specific window of time for you and your family to enroll in marketplace insurance. In Mississippi, the start date is November 1, and stays open until January 15. This gives you a lot of time to figure out which plan works best for you.
The plan you select will cover you for the next year. If you don’t enroll or make changes to your existing plan in the window of time, you’ll have to wait until the next year.
Special Enrollment Periods
There are some circumstances that allow you to make changes to your plan throughout the year.
If you’ve recently moved and you’re looking for health insurance in Mississippi, you’ll be able to enroll once you’re a permanent resident. If you’re fired from your job and lose your current coverage, you can enroll at any time as well.
The majority of life changes qualify you for a special enrollment period. For example, having a baby or getting married.
Benefits
Now, you’re probably wondering about the benefits that come with Marketplace Health Insurance in Jackson, MS.
The first advantage is you’ll have access to comprehensive coverage. This will include emergency services, preventive care, and prescription drugs.
There are also a number of affordable premiums that you can choose from, so if you’re looking for a low monthly premium, you’ll be able to find a plan.
If you’re unsure what type of plan you need, you also have access to enrollment assistance. You’ll be able to talk to a trained professional either in person or over the phone and they will help you navigate the enrollment process.
Marketplace insurance plans in Mississippi are also secure. They have to comply with the Affordable Care Act and they won’t be discriminated against you for pre-existing conditions. There’s also guaranteed renewal coverage, so you won’t have to worry about being dropped by your insurance.
Subsidies
Another factor that could be very beneficial and helpful when it comes to cost is subsidies. The Mississippi health insurance marketplace offers subsidies in the form of tax credits to help lower the monthly cost for individuals and families. This choice is specifically for those with low income.
Five Insurers
When choosing a Mississippi health insurance provider, you’ll need to look at all your options. There are five different insurers that you can obtain insurance through on the marketplace exchange.
United Healthcare just recently joined after not being a part of the program for a while. Vantage Health Plan of Mississippi, Cigna, Molina, and Ambetter/Magnolia are your four other options.
Of these five insurers, Moline and Ambetter tend to have the most affordable plans. However, it’s important that you compare costs as that could change.
Metal Tier
Marketplace Insurance is broken down into three tiers: bronze, silver, and gold. Each will offer different premiums, copays, and annual deductibles. You’ll need to weigh your options as the most affordable may not have all the added benefits that you need.
We will start with the Bronze option. This is going to be the cheapest plan, with the monthly cost being around $401.
It does have a high deductible, but once you reach it, the plan will pay 60% and you’ll be responsible for the other 40%. This is a great choice if you’re young and healthy.
The next lowest monthly payment plan is the Silver plan. It’s going to be around $450, but you’ll meet your deductible quicker. Once you reach that amount, you will only be responsible for covering 30% instead of 40%.
If you tend to have a lot of medical expenses every month, you may want to opt for the Gold plan. While it does have a high monthly payment at around $548. However, you could save money as your deductible will be low and you’ll only be responsible for 20%.
Health Insurance in Mississippi
Whether you’re looking for insurance coverage for yourself or for your family, Marketplace Health Insurance will have a plan. While the process of finding coverage can be overwhelming, once you purchase a plan, you can relax and have peace of mind knowing that you’ll have access to medical care whenever you need it.
Don’t wait any longer to get health insurance in Mississippi. You can give us a call or send us a message here and we will help you navigate the process of obtaining quality insurance. Our team of professionals will be able to answer any questions you have.
