If you’re not insured through your or your spouse’s employer, you’ll need to shop for health insurance on the federal health exchange or your state’s equivalent, which can be confusing to navigate. Before explaining how SmartFinancial simplifies the shopping process, let’s review the (tedious) steps of shopping around the traditional way.
Zip code
Number of dependents
Coverage start date
Coverage needs
Current primary care physician (if you want to confirm if they are in the new insurance company’s network)
Whether you’re fine with generic drugs or need specialty drugs
Complete a Quick Questionnaire
Answer a few simple questions about your age, gender, desired coverage, and any dependents.
Get Personalized Quotes
Based on your answers, we’ll match you with plans tailored to your coverage needs and budget.
Choose Your Plan
Review your options, compare plans, and select the one that works best for you. It’s that simple!
Technically, all U.S. citizens are expected to maintain health insurance but there is currently no federal penalty for not doing so. However, tax penalties can still exist at the state or local level, such as in California, Massachusetts, New Jersey, Rhode Island and Washington, D.C.
There are several types of health insurance plans with common ones including HMOs that require referrals for specialists and do not provide out-of-network coverage and PPOs that do not require specialist referrals and do offer out-of-network coverage but cost more than HMOs.
Many health insurance plans exclude the same things such as coverage for vision, dental and hearing services but it is possible to buy specific plans to get these coverages. Talk to your insurance agent or reference your insurance policy for a more comprehensive list of what your policy does not cover.