920-805 health - Nortel Data Networking Technology Updated: 2023
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Exam Code: 920-805 Nortel Data Networking Technology health November 2023 by Killexams.com team|
|Nortel Data Networking Technology|
Nortel Networking health
Other Nortel exams920-197 BCM50 Rls.2.0 & BCM200/400 Rls.4.0 Configuration & Maintenance
920-220 Nortel Converged Campus ERS Solution
920-240 Nortel Wireless Mesh Network Rls 2.3 Implementation and Mgmt.
920-260 Nortel Secure Router Rls. 10.1 Configuration & Management
920-270 Nortel WLAN 2300 Rls. 7.0 Planning & Engineering
920-327 MCS 5100 Rls.4.0 Commissioning and Administration
920-338 BCM50 Rls. 3.0, BCM200/400 Rls. 4.0 & BCM450 Rls. 1.0 Installation, Configuration & Maintenance
920-552 GSM BSS Operations and Maintenance
920-556 CDMA P-MCS Commissioning and Nortel Integration
920-803 Technology Standards and Protocol for IP Telephony Solutions
920-805 Nortel Data Networking Technology
922-080 CallPilot Rls.5.0 Upgrades and System Troubleshooting
922-102 Nortel Converged Office for CS 1000 Rls. 5.x Configuration
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Nortel Data Networking Technology
Rapid Spanning Tree Protocol was created to help to overcome the slow convergence
time of 802.1D Spanning Tree. Which statement about Rapid Spanning Tree Protocol is
A. It changes path costs.
B. It uses designated forwarding ports.
C. It decreases the number of port states.
D. It does not block ports like Spanning Tree Protocol does.
Click on the exhibit button.
The Ethernet Switch has three port-based VLANs. Ports 1-3 are in VLAN 1. Ports 4-6 are
in VLAN 2. Ports 7-10 are in VLAN 3. PC A sends a broadcast packet. Which PCs will
see the broadcast?
A. Port 3 on PC B
B. Ports 5, 6 on PC C
C. Port 8 on PC D
D. Ports 9, 10 on PC E
Some Nortel Ethernet Switches and Ethernet Routing Switches use an alternate frame
processing method that allows you to configure four different Ethernet egress options.
One of these options is Untag PVID only. Which statement best describes this option?
A. All frames that exit the port will be tagged.
B. All frames that exit the port will be untagged.
C. All frames that are on the same VLAN as the egress port VLAN ID will be tagged,
and all others will be untagged.
D. All frames that are on the same VLAN as the egress port VLAN ID will be untagged,
and all others will be tagged.
With respect to the function of the IEEE 802.1s Multiple Spanning Tree Protocol
(MSTP), which statement is false?
A. MSTP creates a separate spanning tree group for each VLAN.
B. Each VLAN runs the Spanning Tree algorithm only within the VLAN.
C. The MSTI messages allow each spanning tree group to support multiple VLANs.
D. The default spanning tree group in MSTP is called the Common and Internal Spanning
Occasionally, a switch will receive frames faster than it can process them. The buffers on
the switch become congested, and the switch begins to discard incoming frames because
it has no place to store them. If 802.3x flow control is supported, what is the resultant
behavior in a congestion situation?
A. Switches become overloaded.
B. Switch buffer congestion results.
C. The receiving switches send pause frames to slow incoming traffic.
D. The receiving switches discard frames until the overloaded condition is resolved.
An Ethernet switch connects to the core switch with two fiber ports in a link aggregation
group created through LACP. One of the fiber connections was damaged, and the
network administrator wants to create a link aggregation group with the remaining fiber
link and two of the copper ports. Which constraint on the link aggregation group must the
administrator be aware of?
A. Links in a link aggregation group may combine multiple speeds and media types.
B. Links in a link aggregation group must operate at the same speed and use the same
C. Links in a link aggregation group must use the same speed, but can combine multiple
D. Links in a link aggregation group must use the same media type, but can combine
Click on the exhibit button.
PC1 sends a packet to Srv2. The destination address for the frame is 00-00-0c-06-41-7c.
If the address was not in the forwarding database of switch 2, how would the switch 2
treat the packet?
A. Switch 2 would arp to find Srv2.
B. Switch 2 would drop the packet.
C. Switch 2 would flood the packet out all ports.
D. Switch 2 would forward the packet out T1, because that is its default route.
Click on the exhibit button.
Four PCs are connected to a switch. PC A needs to communicate with PC D. Which
statement is false?
A. If PC D sends a unicast packet to PC A, PC B and PC C will not see traffic.
B. If PC A sends a unicast packet to PC D, PC B and PC C will see traffic.
C. If PC A issues an ARP to discover the MAC address of PC D, PC B and PC C will see
D. f PC A sends a unicast packet to PC D, PC B and PC C will not see traffic.
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Over the summer of 2023, Randles organized a series of workshops for Duke faculty working within the world of computational medicine, with attendees joining from Duke’s Pratt School of Engineering, Trinity College of Arts and Sciences, School of Nursing, and from the divisions of Surgery, Cardiology and Anesthesiology within the Duke University School of Medicine.
The researchers had three goals: Develop grants to support research in computational medicine, identify and address the needs of the community, and identify the most pressing challenges in the field that the Duke community could work together to target and—hopefully—solve.
“We learned a lot about the capabilities of the different labs and the types of problems they were interested in solving, especially on the technology side. There is a big focus on advancing virtual reality, wearable technology and real-time computing,” says Randles. “But we also learned about the barriers they were facing, whether it was a computational problem or the need for additional training.”
Beyond giving the faculty an opportunity to address these goals, the workshops enabled the researchers to learn about other computational work that was occurring at Duke.
“We realized there was so much great work that was already being done, but it wasn’t being shared broadly across the university,” says Randles.
This realization led to the creation of the Computational Medicine Seminar Series. Officially launched in September 2023, the seminar series will feature a mix of speakers from Duke, who can share their research with the wider Duke community and potentially recruit interested students, and external experts, who can discuss their work to help illustrate the full breadth of the field. Maria Gorlatova, the Nortel Networks Assistant Professor of Electrical & Computer Engineering, served as the program’s inaugural speaker.
As the seminar series continues throughout the academic year, Randles and her collaborators will introduce additional community events, including coffee hours with faculty and students to discuss research, a research “speed dating” event to increase collaboration between Duke’s School of Medicine and Pratt School of Engineering, and skill-based training days focused on shared interest syllabus like wearable device development or using cloud computing.
All of these efforts will culminate in the launch of a new Duke research center dedicated to computational medicine.
“The depth of experience in computational medicine at Duke is incredibly impressive, and we want to make sure we’re doing everything to make sure our researchers are as successful as possible,” says Randles. “Our workshops and events so far have proven that there is a lot of enthusiasm and opportunity to make Duke a real leader in this area.”
The Building Wealth and Health Network (Network) is a trauma-informed, healing-centered financial empowerment program, that combines emotional and peer support to promote self-efficacy and resilience.
The Network focuses on building families' intergenerational wealth and health by centering individual and collective healing, creating an environment of peer support, and providing financial empowerment education. By addressing the associations between trauma and financial health, the Network uniquely addresses the shortfall of public assistance programs through supporting the power of individuals and families to break the cycle of deep poverty. Its goal is to shift the discourse and policies surrounding public assistance programs so all people have the opportunity to flourish.
Human services, especially SNAP and TANF, have lost sight of human potential and instead put heavy emphasis on work participation rates and compliance. These services are often counterproductive because they spend extensive time making sure participants are compliant with forms and protocol instead of focusing their resources on directly addressing what participants need most: healing, support, solidarity, and financial empowerment. The Network brings the focus back to the power of individual and collective healing with its emphasis on peer support.
What is Financial Empowerment?
Financial empowerment is life-based financial coaching and education tailored to participants' lived experience and is the basis of the Building Wealth and Health Network. It is composed of three main elements:
What We Do
Learn More About the Network
WebMD Health Network, an Internet Brands company, is a leading provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through our public and private online portals, mobile platforms and health-focused publications. We engage consumers, physicians and other healthcare professionals across a multiscreen experience, allowing us to empower and enable health decisions anytime and anywhere.
The WebMD Health Network: Our Public Portals
Our network of public portals for consumers and healthcare professionals includes: www.WebMD.com (which we sometimes refer to as WebMD Health), our primary public portal for consumers and related mobile-optimized sites and mobile apps; www.Medscape.com, our primary public portal for physicians and other healthcare professionals and related mobile-optimized sites and mobile apps; and other sites through which we provide our branded health and wellness content, tools and services.
We do not charge any usage, membership or get fees for access to our public portals or mobile applications. Our public portals generate revenue primarily through the sale of various types of advertising and sponsorship products to our clients, which include: pharmaceutical, biotechnology and medical device companies; hospitals, clinics and other healthcare services companies; health insurance providers; consumer products companies whose products or services relate to health, wellness, diet, fitness, lifestyle, safety and illness prevention; and various other businesses, organizations and governmental entities. Advertisers and sponsors use our services to reach, educate and inform target audiences of consumers, physicians and other healthcare professionals.
The WebMD Health Network:
WebMD Health Services: Our Private Portals
WebMD Health Services is a leading provider of wellness services and solutions that help employers and health plans Strengthen the health of their employee and plan participant populations. We generate revenue from subscriptions to our WebMD Health Services platform by employers and health plans and other companies that assist employers in purchasing or managing employee benefits. In addition, we offer our health coaching and condition management services on a per-participant basis. WebMD Health Services does not generate revenue from advertising or sponsorships and does not display any advertisements in the content it provides.
Community Health Network was created more than 60 years ago by our neighbors, for our neighbors. We've never forgotten that heritage that began with Community Hospital East. To this day, we're still locally based and locally controlled, and we're as closely tied to our communities as ever.
As a non-profit health system with more than 200 sites of care and affiliates throughout Central Indiana, Community’s full continuum of care integrates hundreds of primary and specialty care providers, specialty and acute care hospitals, surgery centers, home care services, MedCheck, and Community Clinic at... Read More
Community Health Network was created more than 60 years ago by our neighbors, for our neighbors. We've never forgotten that heritage that began with Community Hospital East. To this day, we're still locally based and locally controlled, and we're as closely tied to our communities as ever.
As a non-profit health system with more than 200 sites of care and affiliates throughout Central Indiana, Community’s full continuum of care integrates hundreds of primary and specialty care providers, specialty and acute care hospitals, surgery centers, home care services, MedCheck, and Community Clinic at Walgreens for urgent care, the state's largest behavioral health system, employer health services, and numerous other ambulatory locations and health services.
Community Health Network puts patients first while offering a full continuum of healthcare services, world-class innovations, and a new focus on population health management. Exceptional care, simply delivered, is what sets Community Health Network apart and what makes it a leading not-for-profit healthcare destination in Central Indiana.
Together, we focus on awareness, interaction, and acceptance of all as we value the differences that each person brings to the Community team in caring for and serving our patients and their families. To achieve this, we help our caregivers develop cultural competency skills so they can better relate to patients and each other. A variety of employee resource groups offer safe spaces for collaboration, connectivity, and conversations among participants. We believe in recognizing and celebrating all our caregivers for their unique talents.
Our commitment to the communities we serve is not just internal but goes beyond our walls. Our community partnerships and presence at community outreach events - such as INShape Black and Minority Health Fair, Circle City IN Pride Festival, and Latino Expo - allow us to reach people in new and innovative ways to address root causes of health inequity and Strengthen health outcomes. Read Less
Dr. Salvatore Falletta joined Drexel in 2009 and serves as a Clinical Professor of Human Resource Development, Educational Leadership and Management, and Quantitative Methods. Dr. Falletta is currently Program Director for Human Resource Development (HRD) and was the former Director for the HRD program from 2009 to 2014.
Dr. Falletta has over 20 years’ experience in human resources, learning and development, and organization development. Prior to Drexel, he was a Vice President and Chief HR Officer for a Fortune 1000 firm based in the Silicon Valley and has held management positions in human resources at several best-in-class companies, including Nortel Networks, Alltel, Intel Corporation, SAP AG, and Sun Microsystems respectively. While at Intel, Dr. Falletta led the global employee survey program, performed leadership development assessments and organizational behavior research studies, and participated in corporate HR strategy efforts. He also led the learning measurement and evaluation function at Nortel Network's Technical Education Centers. Prior to his corporate career, Dr. Falletta was an administrator at Indiana State University and served over 10 years in the U.S. Air Force (USAF).
Dr. Falletta frequently presents at conferences and has authored or co-authored several books, book chapters, and articles. His research interests include the ethical and privacy issues associated with HR, people, talent, workforce, and learning analytics, evidence-based management and practice, HRD measurement and evaluation models, workforce development, organizational diagnostic models, employee engagement, leader engagement and disengagement, and workforce surveys.
Dr. Falletta is an active member the Academy of Human Resource Development, American Educational Research Association, American Evaluation Association, Association for Talent Development, HR People and Strategy, Society for Human Resource Management, and the Society for Industrial and Organizational Psychology.
On a personal note, Dr. Falletta was a nationally ranked track runner (1500 and 5000 meters) at the NCAA Division I level during 1980s. He resides in Northern California with his wife (Wendy) and daughter (Sabrina).
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But choosing a health plan can be tricky.
In fact, a 2017 study found many people lose money due to suboptimal choices: Sixty-one percent chose the wrong plan, costing them an average $372 a year. The paper, authored by economists at Carnegie Mellon University and the Wisconsin School of Business, examined choices made by almost 24,000 workers at a U.S. firm.
More from Personal Finance:
Health plans have many moving parts, such as premiums and deductibles. Each has financial implications for buyers.
"It is confusing, and people have no idea how much they could potentially have to pay," Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners, based in Jacksonville, Florida, previously told CNBC. McClanahan is also a medical doctor and a member of CNBC's FA Council.
Making a mistake can be costly; consumers are generally locked into their health insurance for a year, with limited exception.
Here's a guide to the major cost components of health insurance and how they may affect your bill.
Frederic Cirou | Photoalto | Getty Images
The premium is the sum you pay an insurer each month to participate in a health plan.
It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price.
The average premium paid by an individual worker was $1,401 a year — or about $117 a month — in 2023, according to a survey on employer-sponsored health coverage from the Kaiser Family Foundation, a nonprofit. Families paid $6,575 a year, or $548 a month, on average.
Your monthly payment may be higher or lower depending on the type of plan you choose, the size of your employer, your geography and other factors.
Low premiums don't necessarily translate to good value. You may be on the hook for a big bill later if you see a doctor or pay for a procedure, depending on the plan.
"When you're shopping for health insurance, people naturally shop like they do for most products — by the price," Karen Pollitz, co-director of KFF's program on patient and consumer protection, previously told CNBC.
"If you're shopping for tennis shoes or rice, you know what you're getting" for the price, she said. "But people really should not just price shop, because health insurance is not a commodity."
"The plans can be quite different" from each other, she added.
Luis Alvarez | Digitalvision | Getty Images
Many workers also owe a copayment — a flat dollar fee — when they visit a doctor. A "co-pay" is a form of cost-sharing with health insurers.
The average patient pays $26 for each visit to a primary-care doctor and $44 to visit a specialty care physician, according to KFF.
Patients may owe additional cost-sharing, such as co-insurance, a percentage of health costs that the consumer shares with the insurer. This cost-sharing generally kicks in after you've paid your annual deductible (a concept explained more fully below).
The average co-insurance rate for consumers is 19% for primary care and 20% for specialty care, according to KFF data. The insurer would pay the other 81% and 80% of the bill, respectively.
As an example: If a specialty service costs $1,000, the average patient would pay 20% — or $200 — and the insurer would pay the remainder.
Co-pays and co-insurance may vary by service, with separate classifications for office visits, hospitalizations or prescription drugs, according to KFF. Rates and coverage may also differ for in-network and out-of-network providers.
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Deductibles are another common form of cost-sharing.
This is the annual sum a consumer must pay out of pocket before the health insurer starts to pay for services.
Ninety percent of workers with single coverage have a deductible in 2023, according to KFF. Their average general annual deductible is $1,735.
The deductible meshes with other forms of cost-sharing.
Here's an example based on a $1,000 hospital charge. A patient with a $500 deductible pays the first $500 out of pocket. This patient also has 20% co-insurance, and therefore pays another $100 (or, 20% of the remaining $500 tab). This person would pay a total $600 out of pocket for this hospital visit.
Health plans may have more than one deductible — perhaps one for general medical care and another for pharmacy benefits, for example, Pollitz said.
Family plans may also assess deductibles in two ways: by combining the aggregate annual out-of-pocket costs of all family members, and/or by subjecting each family member to a separate annual deductible before the plan covers costs for that member.
The average deductible can vary widely by plan type: $1,281 in a preferred provider organization (PPO) plan; $1,200 in a health maintenance organization (HMO) plan; $1,783 in a point of service (POS) plan; and $2,611 in a high-deductible health plan, according to KFF data on single coverage. (Details of plan types are outlined below.)
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Most people also have an out-of-pocket maximum.
This is a limit on the total cost-sharing consumers pay during the year — including co-pays, co-insurance and deductibles.
After you've paid the out-of-pocket maximum amount for the year, "the insurer can't ask you for a co-pay at the doctor or pharmacy, or hit you for more deductibles," Pollitz said. "That's it; you've given your pound of flesh."
About 99% of workers with single coverage are in a plan with an out-of-pocket maximum in 2023, according to KFF.
The range can be large. For example, 13% of workers with single coverage have an out-of-pocket maximum of less than $2,000, but 21% have one of $6,000 or more, according to KFF data.
Out-of-pocket maximums for health plans purchased through an Affordable Care Act marketplace can't exceed $9,100 for individuals or $18,200 for a family in 2023.
Health insurers treat services and costs differently based on their network.
"In network" refers to doctors and other health providers who are part of an insurer's preferred network. Insurers sign contracts and negotiate prices with these in-network providers. This isn't the case for "out-of-network" providers.
Here's why that matters: Deductibles and out-of-pocket maximums are much higher when consumers seek care outside their insurer's network — generally about double the in-network amount, McClanahan said.
Further, there's sometimes no cap at all on annual costs for out-of-network care.
"Health insurance really is all about the network," Pollitz said.
"Your financial liability for going out of network can be really quite dramatic," she added. "It can expose you to some serious medical bills."
Some categories of plans disallow coverage for out-of-network services, with limited exception.
For example, HMO plans are among the cheapest types of insurance, according to Aetna. Among the tradeoffs: The plans require consumers to pick in-network doctors and require referrals from a primary care physician before seeing a specialist.
Similarly, EPO plans also require in-network services for insurance coverage, but generally come with more choice than HMOs.
POS plans require referrals for a specialist visit but allow for some out-of-network coverage. PPO plans generally carry higher premiums but have more flexibility, allowing for out-of-network and specialist visits without a referral.
"Cheaper plans have skinnier networks," McClanahan said. "If you don't like the doctors, you may not get a good choice and have to go out of network."
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Budget is among the most important considerations, Winnie Sun, co-founder and managing director of Sun Group Wealth Partners in Irvine, California, previously told CNBC. She's also a member of CNBC's FA Council.
For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.
Similarly, older Americans or those who require a lot of health care each year — or who expect to have a costly procedure in the coming year — may do well to pick a plan with a bigger monthly premium but better cost-sharing.
Healthy people who generally don't max out their health spending every year may find it cheaper overall to have a high-deductible plan, McClanahan said.
Consumers who enroll in a high-deductible plan should use their monthly savings on premiums to fund a health savings account, advisors said. HSAs are available to consumers who enroll in a high-deductible plan.
"Understand the first dollars and the potential last dollars when picking your insurance," McClanahan said, referring to upfront premiums and back-end cost-sharing.
Every health plan has a summary of benefits and coverage, or SBC, which presents key cost-sharing information and plan details uniformly across all health insurance, Pollitz said.
"I'd urge people to spend a little time with the SBC," she said. "Don't wait until an hour before the deadline to take a look. The stakes are high."
Further, if you're currently using a doctor or network of providers you like, ensure those providers are covered under your new insurance plan if you intend to switch, McClanahan said. You can consult an insurer's in-network online directory or call your doctor or provider to ask if they accept your new insurance.
The same rationale goes for prescription drugs, Sun said: Would the cost of your current prescriptions change under a new health plan?
Health insurance can be expensive, with most policies averaging nearly $1,000 per month. Even though it can use a good portion of your budget, health insurance is a valuable way to offset the cost of preventive care, expensive health conditions and catastrophic injuries. We compared the best health insurance companies and quotes to find the cheapest health insurance plans. We’ll also provide tips to help you shop for cheap medical insurance.
Why trust our insurance experts
Our team of insurance experts evaluates hundreds of insurance products and analyzes thousands of data points to help you find the best product for your situation. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content. You can read more about our methodology below.
Best affordable health insurance companies of 2023
Compare the best cheap health insurance companies
We analyzed the average rates of Bronze health insurance plans offered by the best health insurance companies across the nation. Those with the cheapest average cost made our rating of the best and most affordable insurance companies.
To first determine the best health insurance companies, we compared providers that sell individual health insurance plans. Each health insurance company was eligible for up to 100 points, based on its performance in the following key categories:
How to get affordable health insurance
The best way to get the cheapest health insurance is through your workplace. Many employers offer group health insurance to their employees and families. Group health insurance is cheaper than getting individual health insurance, and most employers pay a portion of the health insurance premium, making your cost more affordable.
If you can’t get coverage through your workplace, the Health Insurance Marketplace may offer low-cost health insurance. There are usually several Affordable Care Act (ACA) compliant health plans in your area, and the website can help you choose one.
You might be eligible for even cheaper health insurance through Marketplace subsidies if your household income is at or lower than 400% of the federal poverty level for your household size.
Medicaid may be another option if you have a low income. This health insurance program can offer you comprehensive health insurance coverage at little or no cost.
Another option is going directly to a health insurance company. Plans may not be ACA-compliant, however. It’s worth reviewing and comparing the summary of benefits and coverage (SBC) for each plan to determine which will best fit your needs.
How much does health insurance cost?
Health insurance costs an average of $974 a month for a Bronze plan (the lowest level plan) on the ACA Health Insurance Marketplace, which is where you can buy a health insurance plan via Healthcare.gov. The monthly average cost increases to $1,269 for a Silver plan, $1,383 for a Gold plan and $1,724 for a Platinum plan.
There are several factors that affect how much you’ll pay for health insurance, including:
The more the health insurance company covers, the more you’ll pay in health insurance premiums. If you choose a higher health insurance deductible and out-of-pocket maximum, you could save on your premium. Just be prepared to pay more out of pocket for your health care in exchange for that lower premium.
Average cost of health insurance by age
Average monthly cost based on unsubsidized ACA plans. Source: Healthcare.gov.
If you’re shopping for cheap health insurance, there are multiple things to consider, including the plan type, tax credits and coverage choices. We break down the most important factors to consider when comparing quotes to find cheap medical insurance.
Of all the metal tiers, Bronze plans have the lowest premiums, though you’ll pay the most for your health care costs. With a typical Bronze plan, the insurance company pays 60% of covered expenses, while you pay 40%. Expect deductibles for Bronze plans to be thousands of dollars per year.
This plan is best for someone who wants health insurance coverage for severe injuries or illnesses but can afford to pay for preventive and routine care out of pocket.
Health insurance companies usually pay around 70% of health care costs on a Silver plan, while you pay 30%. This metal plan offers lower deductibles than Bronze plans but has a higher monthly premium costs. Still, Silver plan deductibles can still be in the thousands.
“If you qualify for a subsidy and reduced cost-sharing, Silver plans may be the most affordable option for you,” said Evan Tunis, president of Florida Healthcare Insurance.
If you don’t qualify for a subsidy but are willing to pay a slightly higher premium to cover more routine care, consider a Silver plan.
A Gold plan might be worth the cost if you go to the doctor regularly or have high health care costs. Although it has higher premiums than Bronze and Silver plans, your deductible is lower and the insurance company pays about 80% of your cost of care.
The metal tier plan with the highest cost is the Platinum plan, but it comes with the lowest deductible. Nearly all your health care costs will be covered, as the health insurance company generally pays around 90% of your covered expenses.
Tax credits for affordable health insurance
Some people qualify for a premium tax credit, which can unlock cheap medical insurance. When you apply for health insurance on the health exchange, you’ll enter your estimated income on the application. You could receive a tax credit depending on your income and household size. You can find out if your estimated income qualifies for a subsidy on the Marketplace website.
“If your income or household makeup changes during the year, you’ll want to update your application to see if it affects your credit,” said Tunis.
Gaining a household member or losing an income could increase your credit. Losing a household member or increasing your income could lower it. Taking more of a tax credit than you’re eligible for could mean you have to pay some of it back when filing your federal tax return.
HSA vs. FSA
HSAs and FSAs are two tax-advantaged savings vehicles you can use to pay for health care expenses.
If you’re considering an HSA, check to see if the Marketplace plan has an “HSA eligible” label.
You can make pre-tax contributions and use the funds to pay for qualified medical expenses and costs to meet your deductible.
The HSA will also accrue interest, and the balance rolls over yearly. You can keep the HSA no matter your employment status and it acts like a retirement account once you turn 65. If you withdraw funds before 65 for non-medical purposes, they will be taxable.
A Flexible Savings Account (FSA) is an employee benefit some employers offer on employer-sponsored group health insurance plans. A predetermined amount of money is set aside pre-tax, which can be used for health care expenses and eligible dependent care.
Going “out of network” means seeing a health provider not contracted with your health insurance company or plan. If you go out of network to see a doctor, you’ll usually pay a higher coinsurance amount — the percentage you pay for covered services after you’ve met your deductible — than you would to see an in-network doctor.
“Knowing your out-of-network coverage can help you save money in the long run, especially for those who travel frequently or live near a state border,” said Tunis.
Out-of-network coverage can vary depending on the type of health insurance plan you buy. For example, if you have a Health Maintenance Organization (HMO) plan, your insurance might not cover out-of-network care unless it’s an emergency.
If you like your doctor or specialist and want to keep going to them, make sure they’re in network for the health insurance plan you’re considering.
Your out-of-pocket maximum is the most you’ll pay toward covered health care for your plan year. Once you’ve paid your deductibles, coinsurance and copayments and have met your annual out-of-pocket limit, your plan will pay 100% for covered expenses.
The following expenses do not go towards your out-of-pocket maximum:
The 2023 out-of-pocket limit varies for Marketplace plans but cannot exceed $9,100 for individuals and $18,200 for family coverage.
How to find the best affordable health insurance for your needs
Comparing health insurance quotes can be overwhelming, but these tips can help you find the best cheap health insurance plan for you.
Best and most affordable health insurance FAQs
Kaiser Permanente has the best cheap health insurance, according to our analysis. But it is only available to members in eight states and Washington, D.C. The next best options are Aetna and UnitedHealthcare, which offer health insurance in all 50 states and Washington, D.C.
The cheapest health insurance for you may vary because the age of all household members and income factor into health insurance costs. Bronze and catastrophic plans offer the least coverage but have cheaper rates. Choosing a high-deductible health plan (HDHP) can also make health insurance more affordable.
The least expensive way to get the best health insurance depends on your income level.
The more health care costs an insurer pays, the more you’ll pay in health insurance premiums.
Medicaid is a government-based health insurance program for low-income people and is usually the least expensive. With a low income, you may not have any premium costs with Medicaid and minimal cost-sharing.
Qualifying for a subsidy through the Health Insurance Marketplace can lower your health insurance premium and cost-sharing, sometimes down to $0.
Short-term health insurance plans, employer-based health insurance or catastrophic plans may be the cheapest options if you don’t qualify for Medicaid or subsidies.
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