Millions of people who rely on Medicaid could lose eligibility & be without coverage.
As we approach the end of March, there is a looming threat to Medicaid funding that could have a significant impact on individuals and families who rely on this program for their healthcare needs. The American Rescue Plan, which was passed by Congress and signed into law by President Biden, includes a provision that would increase Medicaid funding. However, this funding boost is set to expire at the end of March, which could leave millions of Americans without access to affordable healthcare.
At RKA Insurance Advisors, we believe that everyone deserves access to quality health coverage, regardless of their income or circumstances. That's why we're calling on our clients and partners to help spread the word about the potential loss of Medicaid funding and to explore other options for healthcare coverage.
One option is to enroll in a Marketplace plan through the Affordable Care Act. The Open Enrollment period has already ended, but individuals who experience certain life events, such as losing their Medicaid coverage, may be eligible for a Special Enrollment Period. RKA Insurance Advisors can help individuals navigate the Marketplace and find a plan that meets their healthcare needs and budget.
Another option is to explore medically underwritten private plans. While these plans may not be suitable for everyone, they can offer more flexibility and potentially lower premiums than Marketplace plans. RKA Insurance Advisors can help individuals determine if a medically underwritten plan is right for them and assist with the enrollment process.
It's important to note that losing Medicaid coverage can have serious consequences for individuals and families, both financially and in terms of their health outcomes. Without access to affordable healthcare, many people may delay or forgo necessary medical treatment, which can lead to more serious health problems down the line.
More so, why it’s very important to contact us today if this is your situation or if you have general questions regarding health coverage or need quotes for new plans.
