Table Of Contents
- 1 The Health Connector
- 2 Can you qualify for the Massachusetts health connector?
- 3 Features of Massachusetts health connector marketplace
- 4 Advance Premium Tax Credit
- 5 In the case of None tax credits in use.
- 6 Delta Dental plans
- 7 Health Connector for Students
- 8 ConnectorCare plans
- 9 Who can qualify for a ConnectorCare plan
- 10 Important Notice.
The Health Connector
Health connector is a health insurance marketplace or “independent state agency” that was created in 2006 during the health reform. This helps individual people, families, and small people in business find eligible health insurance that meets their requirements and budget. The core responsibility is the “affordable care act”(1,2,3)
Part of the Health Connector’s mandate, it must qualify health plans through a process known as the “Seal of Approval.”
There is a one-stop shopping policy in health connector to find and compare private health insurance options very quickly from the state, which leads to health and dental insurance companies.
There is a qualification for families or individual people to get a federal tax credit that will lower the monthly premium.
It will also provide cost-sharing reduction that lowers the out of the pocket expense.
Can you qualify for the Massachusetts health connector?
The health connector policies mainly depend on the income of people or families. They may qualify for the Federal and state tax credits or other subsidies, which can subsequently lower the premiums and out of pocket expenses.(4)
Features of Massachusetts health connector marketplace
This is one of the most competitive and challenging marketplaces.
There are eight of the carriers selling medical coverage.
It is their right to have challenges amongst themselves; therefore, the Massachusetts health connector has three to nearly five careers resulting in the capture of five percent market share.
This share is dependent on the market segment.
The most prominent feature of Health connectors is their connector care program for individual people. This is up to three hundred percent of the Federal Poverty Level known as FPL.
This is best known for its state subsidies that will lower-cost silver tier plans and then also providing both the cost-sharing or the premium subsidies on the ACA, Affordable Care Act subsidies.
The users of the Massachusetts health connector program have access to zero or low dollar premium plans, which leads to the zero or low dollar co-pays and the no deductibles or co-insurance.
At the least, this program can cover up to nearly 190000 individuals.
This has about the 3rd quarter of the total non-group enrolled in the Health Connector.
Advance Premium Tax Credit
For the people living in Massachusetts, there is a health insurance policy from the Health connectors to get the eligible advanced premium tax credit.
There are three choices of All, some and none of tax credits to lower the monthly premium;
In the case of All tax credits in use, you get to pay the lowest of your monthly premiums.
Nevertheless, there is a catch; you may have to pay the money back on the federal income tax return in the case of you earning more reported application.
In the case of Some tax credits in use. The monthly premium will be subsequently lower than the full cost being played by you.
This can also reduce the risk of the person paying the money back on the federal income tax returns. However, this is on the case that you end up earning more than reported application.
In the case of None tax credits in use.
The person gets to pay their full health insurance premium every month.
The risk factor is lower because you do not have to pay the money back on the federal income tax returns. However, this is -in the case of you ending up earning more than reported applications.
A dental plan is also available for a person to choose from. This will allow you to use the extra tax credit amount for anyone in the family who is under the age of nineteen years.
Delta Dental plans
This year is a great year for Dental on the Massachusetts health connector there are a variety of plans to choose from and all plans come with
- Preventative care wich is covered to no cost to you as long as you have benefit dollars.
- A wide variety of providers.
- There are a secure portal and mobile application to manage your plan.
- Coverage for more serious and routine dental checkups.
- Expanded discounts are one feature, implemented on most of the coverages.(6)
Health Connector for Students
- Students are eligible to stay on their parent’s medical aid until they are 26 years of age.
- All Preventative care is covered up to 100 percent and no deductibles for things like
- Screening and counseling for sexually transmitted infections, HIV, and tobacco use
Screenings for depression, obesity, and diabetes
What kind of coverage do you get with ConnectorCare?(8)
ConnectorCare plans offer great coverage with important benefits like doctor visits, prescription medications, and emergency care.
ConnectorCare plans have low monthly premiums, low co-pays, and no deductibles.
Who can qualify for a ConnectorCare plan
People with household incomes that are at 300% of the Federal Poverty Level (FPL) or lower may qualify for ConnectorCare. If your income is higher than 300% of the FPL, you won’t qualify for a ConnectorCare plan.
In the case of Massachusetts health connector, individual persons or families should update their status of income, job, and size of the family. This will reduce the risk of you having to pay extra money from the tax credit back, on the next tax return.