Frequent Questions

Below are answers to some of the more frequently asked questions we receive. If you do not see your question listed, please send us an email.

What Is ObamaCare and more?
We are an independent insurance agency which means that we represent many different insurance companies. We shop all of the top insurance companies that we represent to get you the best coverage to meet your needs and budget. A partial list of the companies we represent is at the bottom of the page. ObamaCare and more does not sell or share any information that you enter on out site. You will only be contacted by one ObamaCare and more specialist. Other sites gather and sell your information to between 8-10 different agencies.

I have already submitted my information, when will I get my quote?
Fink Insurance Agency will usually begin running your quotes immediately and will often provide detailed pricing information within minutes. However, some quotes are more complicated and may require a little more time to process. Regardless, you should always receive your free quotes within 24 hours at the latest.

How do I get a quote?
To get a free, no-obligation quote, just go to our homepage, enter your zip code, select the type of insurance for which you want a quote, then click “Get My Quote.

What is a premium?
A premium is the monthly cost of keeping your insurance policy in effect. Health insurance premiums are determined by a variety of factors, including your medical history, your lifestyle, and your current health status.

What is a deductible?
A deductible is an amount of medical expenses you are responsible for paying before your insurance starts covering you. A common deductible is $500 — this means you would be responsible for paying the first $500 in medical bills before receiving coverage. Having a higher deductible usually means you enjoy lower monthly premiums.

What is a co-payment?
A co-payment is a fixed-dollar amount that you are responsible for paying for a particular medical service. For example, many plans have $20 co-payments for doctor’s visits. This means it only costs you $20 to see a doctor.

What is coinsurance?
Coinsurance is an amount of the cost of a medical service that you are responsible for paying. Unlike a co-payment, which is a fixed-dollar amount, coinsurance is expressed as a percentage. For example, many insurance plans have 20% coinsurance for hospital costs — meaning you pay 20% of the total cost of a trip to the hospital.

What’s an out-of-pocket expense?
An out-of-pocket expense is any cost you have to pay yourself when receiving medical care. This includes your deductible, co-payments, and coinsurance. Most health insurance policies have an annual maximum out-of-pocket expense. Once you’ve paid out enough money to meet that maximum, your insurance company will pay the rest of your medical costs.

What is managed care?
Managed care is a form of health insurance that stresses preventive medicine and affordability. In a managed care plan, you typically choose a “Primary Care Physician” who is responsible for approving specialist and hospital care. Managed care was originally introduced as a way to control healthcare costs. It’s now the most common form of health insurance in the United States. HMOs and PPOs are examples of managed care.

What is a Health Savings Account?
Health Savings Accounts aren’t health insurance plans. Instead, they are a financial tool designed to help make your healthcare more affordable. The money you deposit in an HSA is tax-free. You don’t pay taxes on qualified withdrawals, either. In effect, it’s like getting extra money from the government to pay for healthcare. To open an HSA, you first have to purchase a high deductible health plan.

Why should I buy health insurance?
Having health insurance isn’t just about paying medical bills. It’s about knowing that you’ll always have access to quality care. Health insurance makes seeing the doctor easy and affordable — and that means you’re more likely to stay healthy.

How can I explore my health insurance options?
The best way to explore your health insurance options is to get the advice of a professional agent. Our instant quote tool will let you get started comparing plans in just minutes. When you request free quotes, you’ll see your options side-by-side. To learn more about which options are right for you, contact us — we’re always happy to answer your questions.

What’s the best policy I can buy?
That depends on who you are. There is no single best policy for everyone. To find out which plans are right for you, fill out this short form and get your free online quotes.

If I lose my job because my employer went out of business can I still get COBRA?
No. When your employer goes out of business, the group to which your insurance applied also is gone. For this reason there is no way to continue your group coverage. Some states have passed laws (often called “mini-COBRA”) to help employees of defunct businesses; however, this approach is not universal. Check availability in your state with your state’s insurance department.

I am not eligible for an employer-sponsored group health plan. What should I do?
Many Americans do not receive health insurance through their employer. If this is the case for you, first consider if there is another group from which you can purchase insurance. Certain organizations, civic clubs or even credit card companies may offer group coverage. If you cannot find a group to join, consider purchasing an individual or a short-term health insurance plan.

My company recently switched my health insurance plan from a PPO to an HMO. What is the difference between the two? 
There are many differences. However, the primary distinction is that coverage for an out-of-network provider is more restrictive under an HMO. An HMO also may require that you designate a primary-care physician from within the network.

My son just turned 18 and is moving out of the house. I am not able to keep him on my insurance plan. What should he do?
Your son should first seek coverage under a group policy, preferably one offered by his employer or another organization. If he is not eligible for a group policy, he should consider an individual or short-term health policy. A short-term health policy is better for healthy people without pre-existing medical conditions. Your son will be able to get a high coverage limit to cover treatments such as surgery and emergency care for a relatively small premium. These policies are usually available for periods of one to three years and are paid monthly. So he will be able to drop the coverage as soon as he becomes eligible for a group health insurance plan.

I’ve heard about pre-existing medical conditions. Do all health insurance plans exclude coverage for pre-existing conditions?
No. Most health plans have limitations on coverage for pre-existing medical conditions, such as a waiting period before pre-existing medical conditions are covered.