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To our policyholders in areas affected by the recent hurricanes, please know that the thoughts and prayers of everyone at Aflac are with you. We are working with government agencies that represent all declared disaster areas to ensure we do everything possible to help you. Based on that guidance, we have extended the due dates for policy premiums by 60 days for those living in places that have been declared disaster areas. If you have a question about your policy or need help, contact us at 800-992-3522. To help with the recovery, Aflac made a $500,000 donation to the American Red Cross, and our employees are making their own private contributions. Please be safe, as the care of you and your families is paramount.
With great power comes great responsibility – especially when it comes to health insurance coverage. Health care reform puts you in the driver’s seat for many of your health care decisions, and since you’re already insured through a non-employer plan, you’re already ahead of the curve. Still, there are a few details you’ll want to understand to make sure your plan fits your coverage needs and your budget.
1. Maintain compliant coverage.
Whether keeping your current plan or purchasing a new one, be sure to get your questions fully answered during benefits enrollment, and choose the plan that fits your coverage needs and your budget.
2. If you’re employed, request a notice of coverage options from your employer.
Most employers are now required to communicate to employees about health care coverage options, including those offered by the company and those available through your government marketplace. Most employers either provided this notice before Oct. 1, 2013 or within 14 days of hire, but if you didn’t receive one yet, it isn’t too late. The notice will include information about whether you’re offered job-based benefits and if you may be eligible for premium subsidies in the individual market.
3. Plan for out-of-pocket costs.
Don’t let the unexpected steer you off course. Take advantage of voluntary insurance options to help cover out-of-pocket costs not covered by major medical insurance. To learn more about voluntary insurance, visit: aflac.com/individuals.
To learn more about the health care reform, visit: aflac.com/healthcare_reform/individuals, healthcare.gov or irs.gov/uac/Affordable-Care-Act-Tax-Provisions-for-Individuals-and-Families.
1 The Commonwealth Fund (2015). The Rise in Health Care Coverage and Affordability Since Health Reform Took Effect Findings from the Commonwealth Fund Biennial Health Insurance Survey, 2014, .published January 2015, accessed Oct. 12, 2015. http://www.commonwealthfund.org/~/media/files/publications/issue-brief/2015/jan/1800_collins_biennial_survey_brief.pdf.
This material is intended to provide general information about an evolving topic and does not constitute legal, tax or accounting advice regarding any specific situation. Aflac cannot anticipate all the facts that a particular employer or individual will have to consider in their benefits decision-making process. We strongly encourage readers to discuss their HCR situations with their advisors to determine the actions they need to take or to visit healthcare.gov (which may also be contacted at 1-800-318-2596) for additional information.