Obamacare law requires every state to open health marketplaces, also known as exchanges. States can elect to build a fully state-based exchange, state-federal partnership exchange, or default to federally- facilitated exchange. Also, Obamacare expands Medicaid coverage to 138% of the Federal Poverty Level (FPL) which is $16,243 for an individual or $33,465 for a family of four in 2015. According to a 2012 Supreme Court decision, states have the freedom whether or not to adopt Medicaid expansion. Here are Delaware Health Insurance Marketplace and Medicaid Expansion choices.
Delaware Health Insurance Marketplace
Delaware made the decision to build federal-state partnership exchange. Delaware will retain plan management and consumer assistance functions, and defer other exchange management functionality to the federal government.
You’ll use HealthCare.gov to apply and enroll in health coverage. Enroll by the 15th of the month for coverage that starts as soon as the 1st of the next month.
Medicaid Expansion in Delaware
- If your income is more than 138% of the federal poverty level ($16,243 a year as a single person or $33,465 for a family of four), you will be able to buy a private health insurance plan in the Marketplace and may get Premium Tax Credit and Cost-Sharing Reductions based on your household size and income.
- If you make less than $16,243 a year as a single person or $33,465 for a family of four, you will probably be qualified for Medicaid.
Essential Health Benefits in Delaware
Obamacare requires that all non-grandfathered individual and small business plans, including those offered through the Marketplace, cover a certain minimum of health benefits known as Essential Health Benefits. Delaware selected the Blue Cross Blue Shield Small Group EPO as the benchmark plan. Delaware will also supplement the benchmark plan with the Federal Employee’s Dental and Vision Insurance Program for pediatric dental and vision services.
Let Liberty Medicare help you to get coverage through the Delaware Health Insurance Marketplace
Liberty Medicare is here to help you learn about Marketplaces and assist with eligibility determination for enrollment in a Qualified Health Plan (QHP) and for insurance affordability programs, which include Medicaid, CHIP, premium tax credit, and cost-sharing reductions. We will help you to compare plans, and enroll in coverage. All of our services are offered to you at no cost.
Liberty Medicare represents many well-known Delaware Health Insurance Marketplace providers. Learn more about all of the benefits of working with Liberty Medicare.
If you are considering buying insurance in the Health Insurance Marketplace, let us guide you. To see real quotes from insurance providers, visit our Health Insurance Marketplace Quotes or give us a call at 877-657-7477.