(MoneyNewsWire.Net, February 03, 2014 ) Flat Rock, MI – Michigan’s homegrown insurance company Frost & Remer discusses the impact of the Affordable Care Act (ACA) on health insurance for students. “ACA has entirely changed the market,”says the service provider. “This transformation imposes positive and negative effects to both companies and consumers alike.”
It’s not all daunting, Frost & Remer (http://insurancebyfrost.com) implies. Students have a reason to thank ACA; now, young Americans can rely on their parents’ health insurance until they reach 26. This change in the law has extended health coverage to more than 3 million US citizens, according to the administration.
However, many are students are still enrolling in university-assisted health plans. Most schools have declared increase in student health plans over the last 3 years, despite the age provision. Under the ACA mandate, these health plans are forced to adapt to the new rules or discontinue later on. Because of this, university plans have been required to add more annual and lifetime limits. Another change brought about by ACA is the provision of preventive care minus cost-sharing, and to accept students with pre-existing conditions.
Adaptability vs. Instability
This makes university health plan packages more tempting, but the adaptation of ACA may mean greater fees for each applicant. Frost & Remer says that it is always good to shop around for other providers. As ACA has generally affected the whole health insurance system nationwide, cheaper and better alternatives can be found via proper research of insurance service providers in Flat Rock. This is a more steady insurance option for students still needing to save up for their tuition and career.
Insurance for Specific Needs
It is important for young Americans to discover specific packages for health insurance for students. This demographic requires specialized care within its own risk pool. Insurance companies are now lowering costs to match their need; a real, basic plan that is appropriate for the younger generation’s health conditions.
While health insurance for students are gradually evolving due to the implementation of ACA, it is good for consumers to pick established service providers that complies with the current demands. For those who have not purchased their plans, Frost & Remer emphasizes the importance of health insurance within a video, https://www.youtube.com/watch?v=NnDXlgbkaFg.
About Frost, Remer, and Mercure Financial Services, Inc.: Established In 1989 as an independent insurance agency serving the states Michigan, Ohio, Colorado, Georgia, Illinois, Minnesota, New York, Pennsylvania and Wisconsin with their primary focus on Southeast Michigan and Northern Ohio.
Their mission is to provide reliable insurance advice, quality service and honest claims advocacy at affordable pricing for individual, business and farm owners insurance needs by placing their clients’ insurance policies with insurance company partners that are well respected within the industry and are financially sound.
For more information about how they can help provide the right financial protection for you, visit http://www.InsuranceByFrost.com.
Frost and Remer Insurance
Jeff Frost, AAI