Affordable Health Insurance Plans
Individual Health Insurance
Health insurance is a necessity. Even if you’re the healthiest person ever or are on a very tight budget, you have to have it. So, let’s talk about it.
Health Insurance - How it Works
Most people get health insurance through their or their spouse’s employer. This is called group health insurance. There are plenty of benefits to this, the biggest one being coverage at an in-direct cost. Typically, premium either comes out of your paycheck or is simply covered by your employer.
Most policies charge a monthly premium fee. Then, you’ll have a deductible to meet before you receive certain benefits. For instance, you may have to pay a $350 deductible before your policy will cover your emergency room visit.
Different policies have different benefits as well, and people may have multiple policies in order to get more well-rounded coverage.
Other Health Insurance Options
Other health insurance options that could be beneficial to you if you are under 65 include:
- Medicaid – This is a joint state and federal program that provides free to low-cost health insurance to the elderly, low-income people and families, and more.
- Health Insurance Marketplace – These plans were created by the Affordable Care Act (ACA). They must cover ten essential benefits, such as hospitalization, doctor visits, prescriptions, and more.
- CHIP – If you have children, they may qualify for the Children’s Health Insurance Program (CHIP).
- Short Term Health – These plans provide short-term coverage for those who are currently without coverage due to being between plans, outside enrollment periods, or need coverage in the event of an emergency.