Health Insurance 101 - LLC - Independent Insurance Agency

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Health Insurance 101

Health Insurance
Health Insurance is now mandated and structured under the Affordable Care Act (commonly referred to as "Obamacare" or "ACA Plans"). Individuals that do not have qualifying coverage may face a tax penalty. In 2017, that fee is the higher of either 2.5% of your yearly household adjusted income or $695 per adult and $347.50 per child under age 18. The maximum penalty is either the national average for a bronze level plan, using the 2.5% method, or $2085 when using the per person method on the fee calculation.
Health Insurance Tax Credits / Subsidies
One of the major components of the ACA is the availability of financial assistance in the form of tax credits.  Depending on your household size and income, you may qualify for a tax credit that can be applied towards your health insurance premium.

During the application process, we'll give you an estimated tax credit amount - if applicable.
Our agents can help you navigate through all your health insurance options. This includes helping you determine if you are eligible to apply today or if you have to wait for the Annual Enrollment Period. You may be able to purchase a plan on or off the official health insurance marketplace (also known as an "exchange").  If you are eligible for your state's Medicaid program then we will direct you as to how to apply for your coverage.

(Read informational PDF file from the Health Insurance Marketplace)
Essential Health Benefits
All ACA Plans Must Offer:
  • Ambulatory Patient Services
  • ER Services
  • Hospitalization
  • Maternity and Newborn Care
  • Mental Health and Substance Use Disorder Services, including Behavioral Health Treatment
  • Prescription Drugs
  • Rehab Services
  • Lab Services
  • Preventative Wellness Services
  • Pediatric Services, including Oral and Vision Care
Ready to shop? Use our
Online Enrollment Tool
and get rates, tax credit estimates, and plan information.
Shopping Tips - Don't Forget!

Selecting the right plan for you may not be as simple as selecting the plan with the lowest premium amount. Don't forget to consider:

Hospital Options - does your plan cover your local hospital or preferred hospital(s) of choice?

Prescriptions - does your plan cover your medications and if so, what is the price?

Doctors - is your doctor covered by the plan as in-network, out-of-network, or at all?

Network versus Non-Network Cost Differences - what is the financial impact of going to a non-network provider?

We'll help you make sure that you
get it right and save time.
Insurance carriers also offer quotes and plan information for their specific products:

Residents of South Carolina may not use the above UnitedHealthcare link.
Our insurance agents are licensed in different states.
The above links are intended for residents of Illinois.

Attention: This website is operated by LLC and is not the Health Insurance Marketplace website.  In offering this website, LLC is required to comply with all applicable federal laws, including the standards established under 45 CFR §155.220(c) and (d) and standards established under 45 CFR §155.260 to protect the privacy and security of personally identifiable information.  This website may not display all data on Qualified Health Plans being offered in your state through the Health Insurance Marketplace website.  To see all available data on Qualified Health Plan options in your state, go to the Health Insurance Marketplace website at

Copyright 2016. All rights reserved.
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