Since the Affordable Care Act (ACA) went into effect in 2014, it has been mandatory for taxpayers to purchase adequate health insurance to cover themselves and their families. Nevertheless, a number of persistent myths are still floating around about the topic. To clear matters up, Siemers Insurance Agency in Cincinnati, OH, discusses some of the most common misconceptions and explains the facts.

3 Misconceptions About Health Insurance

1. Health Insurance Isn't Affordable

Many people have avoided buying coverage because they fear the premiums will be unaffordable. However, the ACA provides several provisions to help lower-income individuals pay the expense. For instance, taxpayers whose income is less than four times the national poverty level qualify for government subsidies to reduce their out-of-pocket costs. Moreover, many states have expanded their Medicare coverage to provide lower income earners free or low-cost health insurance. Indiana, Ohio, and Kentucky have all participated in this expansion.

2. You Must Pay Out-of-Pocket Until You Meet Your Deductible

Another myth surrounding health insurance is that you must pay for all health care costs out of pocket until you've met your deductible. Although this is how home and auto insurance coverage works, health coverage operates differently. In most cases, health plans provide free preventative services even if you haven't met the deductible. Under the ACA, certain immunizations, women's health services, and blood pressure, HIV, and cholesterol screenings must all be provided whether you've met your deductible or not.

3. Health Insurance Covers Any Provider

The truth is that most healthcare plans limit coverage to a specified number of "in-network" providers. This doesn't always mean you cannot visit the doctor you want. For instance, in Preferred Provider Plans, you may choose a physician not listed in your plan, but you will have to pay an additional amount to cover the visit. Exclusive Provider Plans, however, do not permit outside-the-network visits, so be aware of this when selecting a plan.

By learning the truth about health insurance, you can often avoid making mistakes when buying coverage.  For expert guidance purchasing health, home, commercial, or auto insurance, contact Siemers Insurance Agency. They've been serving businesses and residents throughout Greater Cincinnati, Northern Kentucky, and Southeast Indiana for more than 60 years. Visit their website to view a map and business hours or call (513) 469-8877 to request an insurance quote.