Who Is Eligible?
All individuals are guaranteed coverage through reputable health insurance companies. You cannot be refused coverage or be charged high premiums due to being sick or having a severe health condition like diabetes or heart disease. Prior to the introduction of the ACA, approval and coverage rates were not guaranteed, and many individuals did not qualify for individual health plans.
What Is Covered by Individual Health Insurance?
The introduction of the ACA required individual health insurance policies to provide coverage in ten areas, including prescription drugs, outpatient expenses, prenatal and maternity care, mental health care, and hospitalization costs.
What Is the Amount of Coverage Available?
There is no cap on the benefits you receive. This lack of restriction applies to both annual benefits as well as benefits over the life of the policy. There is, however, a cap to the amount of out-of-pocket expenses the policyholder pays.
Another advantage is that subsidies are available for people that qualify. Tax credits or subsidies are available to lower your costs.