Navigating Everyday Insurance Challenges
Have you ever Googled “Health Insurance Plans Near Me" and input your contact information, expecting to be contacted by a knowledgeable local agent? How did that turn out for you?
Chances are your phone started ringing off the hook nonstop for at least 24 hours, not to mention your email inbox is on overdrive with solicitation emails. If this has happened to you, you’re getting contacted by agents across the country selling non-comprehensive health plans as you’ve been placed on a call list. These health plans will have underwriting components, and pre-existing limitations, and will not cover you year-round due to State regulations. This is not true, Affordable Care Act compliant health plans. That is where Full Circle comes into play. We will NOT solicit you – we will only help you understand your viable options and work off your timeline. Connect with us to determine which comprehensive health plan is right for you! You’ll find you won’t want to throw your phone out the window.
Obamacare...
Federal Marketplace...
The Exchange...
What do all of these terms mean?
The same thing! In 2014, the Affordable Care Act created a national Marketplace where eligible citizens/consumers shop for individual insurance coverage. Several states started their own Marketplace, with Virginia joining the list in 2024. Marketplace coverage is available to everyone, although we see consumers enroll who don’t have access to other coverage and their eligibility of a tax credit. This is a financial subsidy for consumers within a certain income threshold. There are other State and Federal Health Programs (Medicaid/Medicare) that may be a better fit. When working with the Full Circle team, we have an extensive knowledge base on all State and Federal programs available to consumers so we can guide you on if the Marketplace is the right fit.
I’ve heard there are certain times during the year when you can elect individual health insurance. I need help understanding this.
Some certain timeframes and circumstances allow individuals to enroll in health insurance. First, there is the National Open Enrollment that typically is available November 1st – January 15th of each year. Any eligible consumers can enroll in a health plan as well as make changes to their existing plan. Outside of this Open Enrollment period, consumers can enroll if they experience a Special Enrollment circumstance. Common scenarios include loss of other creditable coverage, marriage, divorce, birth or adoption of a child, moving to a new service area, or aging out of an existing health plan. It is important to know there is a limited amount of time to make a new election (i.e. 60 days) so let Full Circle help you meet those deadlines!
My family circumstances have changed recently and I need to know how that will affect my access to health coverage.
Family/life changes or events typically trigger a Special Enrollment Period. A Special Enrollment event allows a currently insured or uninsured, an opportunity to enroll in a health insurance policy outside of the Annual Enrollment Period. Enrollment opportunities will vary by the type of circumstance as well as the time allotted to make an enrollment change. Most common life changes include marriage, divorce, birth or adoption of a child, moving to a new service area, loss of other creditable health coverage (employer-sponsored or Medicaid), or aging out of a parent’s health plan. Full Circle is here to help you identify your unique situation and guide you on your time frames and enrollment options.
I’m a business owner and need to secure coverage for myself as I’m not offered an employer-sponsored plan. What are my options and how do I determine what is the best fit for me?
Entrepreneurs have options when it comes to selecting health insurance. You could enroll in a commercial health plan and take advantage of the business tax deductions OR use your business expenses to lower your taxable income then enroll through the Marketplace with the potential for a financial subsidy. Our Full Circle experts are well-versed and certified in commercial and Marketplace coverage. Let us review your options to determine the best route for you!
I recently lost employer-sponsored coverage. I have been mailed Cobra paperwork and the premiums are very expensive – what are some other options to consider?
A loss of coverage is considered a qualifying event which would allow you to evaluate individual plans, either on or off the Marketplace. There are also short-term medical plans (Gap coverage) that may be a great alternative if you need coverage for a short amount of time, maybe to satisfy your new employer’s waiting period. Full Circle is experienced in locating the right coverage for these types of circumstances.
Contact us today to help you design and implement your ideal health plan
Call Us: 757-799-3234
Office Fax: 757-917-5676
Email: Contactus@FullCircleFin.com
Mailing Address:
582 Lynnhaven Parkway STE 100
Virginia Beach, VA 23452
Our office building is easily accessible
via the Lynnhaven Commons entrance on Viking Drive