Millions of people attempted to access the Healthcare.gov website during the first week of October. Healthcare.gov is the website that offers US citizens and non-residents the opportunity to apply for government health care through the Obamacare Marketplace. When you applied, if you have applied already, you may have noticed one thing missing from the different coverage plans. Long term care insurance is not listed. There are several reasons why this type of insurance is not listed and there are several things that you need to know about long term care as it pertains to your Obamacare offered help plan.
Why Long Term Care is not Listed with Obamacare
One of the reasons long term care is not listed on the ObamaCare plan, or during the application process, is due to the structure of Obamacare itself. The plans available only cover major medical issues. They do not cover long term care, gap insurance, prescriptions, or other insurance related issues. This is the same case if you were to go into Blue Cross Blue Shield, Humana, US healthcare, or other healthcare insurance provider sites. When you sign up for insurance generally long term care is considered a supplemental portion and is not covered under your major medical insurance. For that reason, it is not covered under Obamacare.
Will the Coverage be made Affordable like Major Medical?
The long term care insurance plan will not be made affordable under Obamacare. In fact, the prices will either stay the same or will raise as they have been over the last few years. The group of people set to be hit the hardest by the rising prices of Obamacare and long term care insurance or females. Females are expected to live longer than males and therefore the long term care insurance premium is much higher. This premium will not lower or decrease when ObamaCare goes into effect in 2014. In fact, it is not even mentioned at all during the premium process.
How to Cover What is Not Covered?
If you issues or illness are not covered under major medical coverage and the Affordable Healthcare Act, then you will need to discuss options with an insurance agent. The agent is skilled and trained to help you find out what options are available to you and how you can sign up for those options. This does mean that you will have your premium for major medical, deductible, prescription drug coverage, and long term care insurance coverage to consider when budgeting. This can be a difficult task if you are on a fixed income and need to make sure all your money is accounted for with the things you need.
If you have any issues with obtaining coverage, applying for coverage, or if you have questions regarding coverage options you will need to see your local insurance agent. If you do not have an insurance agent or representative you can obtain one through your county health office or through your senior center.