No, you won’t get a $6,400 spending allowance from a free health insurance plan

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No, you won’t get a $6,400 spending allowance from a free health insurance plan
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On Friday, the judge in the case appointed two new defense attorneys for Allen.

The ACA marketplace’s open enrollment season is also open season for scammers, who look to prey on people overwhelmed by the health insurance marketplace.Each year, the open enrollment period for acquiring healthcare coverage through the Affordable Care Act marketplace generally begins Nov. 1 and ends Jan. 15 of the following year. TheAds for healthcare plans that sound too good to be true hit the web and the airwaves before and during every open enrollment period.

The premium tax credit is designed to lower consumers’ monthly premiums — the amount a person pays for their healthcare plan each month. If a person chooses to get their tax credit in advance, then the government will pay it directly to the consumer’s insurer each month. If they don’t choose advance payments, then the consumer will get their tax credit when they file their tax return.

VERIFY searched online for each company’s name plus “$6,400 allowance.” VERIFY could not find any plans offered by these companies that include a $6,400 allowance for everyday spending.However, a Centers for Medicare and Medicaid Services spokesperson told VERIFY that there are Medicare Advantage plans that offer supplemental benefits. These plans may offer the consumer a debit card sometimes called a Spending Card or FlexCard to spend these supplemental benefits.

There are also people who offer legitimate help navigating the health insurance marketplace, the FTC says. These people, sometimes called navigators or assisters, are not allowed to charge you and won’t ask you for personal or financial information.

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