These types of plans must fulfill requirements under ACA and they are the most extensive plans on the market. They have to cover a minimum of essential benefits for individual and family coverage. They are part of major medical health insurance plans and can also be purchased through licensed brokers in Better Place Insurance Group who are selling qualified health insurance plans. The good thing is that these plans have a large range of health providers and are available to almost everyone. Their popularity increased after January 2014, when increased rates based on medical history were abolished which means that their applicants can’t be rejected on the grounds of their pre-existing health conditions.
The four main types of ACA Plans are HMOs, PPOs, EPOs, and POSs. There is also a Catastrophic plan which is designed for people under the age of 30.
Even though there are several differences between these types, all of them provide these 10 things: emergency services, hospitalization, out-of-patient services, maternity leave, prescription drugs, substance use for disorder services (like mental health and behavioral problems), pediatric services (including oral vision and care), preventive services for chronic illnesses and rehabilitative services.