Qualified health plans cover all mandatory medical benefits required by Obamacare.
A qualified health plan (QHP) is a major medical health insurance plan that covers all the mandatory benefits of the Affordable Care Act (ACA or “Obamacare”). A qualified health plan is also eligible to be purchased with an Obamacare subsidy, also known as an advanced premium tax credit.
Mandatory health benefits
A qualified health plan must offer a certain number of mandatory benefits, as explained in the graphic below. Since Obamacare has been in place, most people had to have a qualified plan with minimum essential benefits, or else face a fine. At the end of 2017, the individual mandate was repealed, so in 2019 there will no longer be fines for not having a Obamacare qualified health insurance plan.
Until then, it’s still important to know what a qualified health insurance plan looks like in order to avoid a fine in 2018.
Qualified health plans vs. other health plans
Cost of health plans
Based on the first two months of the 2017 open enrollment period, an average premium for an individual costs $393. For a family, the average family premium was $1,021.
To help find the right health plan for you, enter your zip code where requested on this page to see a quote.