Welcome!

News Feed Item

GoHealth Busts Myth That Health Insurance Is Too Expensive

Leading Online Health Insurance Marketplace Leverages Enrollment Capabilities to Help Americans Overcome Financial Barriers to Health Insurance Plans That Comply With the Affordable Care Act

CHICAGO, IL -- (Marketwired) -- 03/20/14 -- With only 12 days left to enroll in a major medical health plan, GoHealth is raising awareness about available tax subsidies that can save eligible Americans thousands of dollars on health insurance. GoHealth is a leading private online exchange for individuals and families to shop and compare health insurance plans. It became the first private exchange to successfully enroll consumers in subsidized plans, under the Affordable Care Act.

An alarming survey from BankRate.com found that one third of uninsured Americans are not signing up for health insurance, mostly because they feel it is too expensive. However, 70 percent of uninsured Americans are reportedly unaware that new federal tax subsidies can significantly lower the cost of coverage. Eligible Americans can instantly apply these tax subsidies to their monthly premiums and some Americans are eligible for cost-sharing reductions that can substantially reduce the cost of deductibles, copayments, coinsurance and total-out-of-pocket spending.

"Our consumers are paying less than they thought was possible for health insurance," said Brandon Cruz, president of GoHealth. "GoHealth's licensed insurance advisors are trained to inform shoppers of every money-saving opportunity, and many consumers are shocked to learn that they're eligible to save hundreds or even thousands of dollars on coverage."

In August, GoHealth confirmed a Web-Broker Entity agreement with the U.S. Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS) enabling GoHealth to calculate tax subsidies and apply the savings directly to consumers' health plans. With this agreement and GoHealth's breakthrough enrollment platform, GoHealth is connecting individuals and families across the country with affordable coverage.

Perry Bonner, a social worker in Michigan, recently learned he could afford coverage for the first time in more than a decade. "After connecting with a licensed insurance advisor from GoHealth, I learned that I was qualified for a tax subsidy that saves me $380 every month," said Bonner. "It's an incredible feeling knowing that if I get injured or become ill, I'm covered."

Eligibility for lower costs on health insurance depends on household income and size. The lower a household's income, the more financial assistance it may receive.

To be eligible for financial assistance you must:

  • Not be eligible for Medicare, Medicaid or affordable employer-sponsored health insurance.
  • Enroll in a major medical health insurance plan by March 31.
  • Have a household income between one and four times the federal poverty line.
    • $11,490 to $45,960 for individuals
    • $23,550 to $94,200 for a family of four

"We urge our consumers to keep in mind that once March 31 passes, the opportunity to save this year will be gone," added Cruz.

Consumers can find out their savings using GoHealth's Tax Subsidy Calculator at http://www.gohealthinsurance.com/subsidy. For more information or to shop for coverage before open enrollment ends, please visit www.GoHealthInsurance.com.

About GoHealth:
GoHealth is a health insurance technology company that makes shopping for quality health insurance simple. GoHealth's technology enables consumers across the United States to easily compare pricing and benefits of a variety of health insurance plans. Based in Chicago, GoHealth works with more than 300 health insurance carriers and more than 10,000 licensed agents across the United States to offer consumers a customized shopping experience. Since the company's founding in 2001, the GoHealth platform has helped more than 30 million Americans compare, shop for and save money on health insurance plans.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media Contact:
Laura Maxey
5W Public Relations
Email Contact
(646) 452-6400

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, discussed how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a practic...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.