Best resource for learning everything about insurance!

It is a well-known fact that Americans mostly do not get their insurances in first place. Now 16.4 million Americans are insured since Obamacare had started. As compared to past the ACA (Affordable Care Act) or Obamacare health insurance has improved the access and also the affordability for many Americans. There is no uncertainty that cheap health insurance is obtainable by many Americans.

Many Americans have registered for Medicaid. There are numerous other plans currently available for example (CHIP) Children’s Health Insurance Program.

Along with all these options of premium tax credits, there are chances that no matter if you are having no job or you are tight on budget, there are options available for you.

It is estimated that 50% of Americans (who are not insured yet) could be capable of enrolling for medical insurance at the Affordable Care Act marketplace, as per U.S. Department of Health and Human Services.

However, even if they have not looked into it or did not think they would qualify for cheap health insurance, there are options available for applying for 2018 coverage plans with the Special Enrollment Period.

 

 

Understand your options for Cheap Health Insurance

Here we provide a list of top places where you will be able to find cheap health insurance options. As you are looking for affordable health insurance, you can also read our another article about 5 Health Insurance Plans options for the unemployed or self-employed person.

Do not Double Pay For The Insurance – Find options through Your Domestic Partner or Spouse

If you are living with your spouse or partner then before looking for health insurance for yourself, you should look for health insurance plans for them. Health insurance agencies and the plan-sponsors mostly have the insurance guidelines for spouse and domestic partner health care coverage.

Tips For Finding Cheap Health Insurance

As more options are opening with the passage of time, it is essential to understand the different forms of health insurance policies.

Do make sure that you know your terms of health insurance. Otherwise, there are chances that you will spend more money because of higher costs, through deductibles and coinsurance or lifetime maximums.

Some of the plans do have benefits if you are part of any network.

Because maybe you do not have to fill the form for claiming health insurance, and you might get cheaper rates.

All these mentioned options affect how much cash you have. You should not just consider the premium a critical element.

10 Health Insurance Plans – When You are tight on budget or jobless

You shall go through this complete list of available options, before taking any decision and select an option for you.

It is possible that you have already seen many of these options, but still, do read further.

There are chances that you get to know something that you did not know about.

The ACA has removed many old limitations and increased the eligibility for most individuals who were not able to have these cheap health insurance options in past.

There are chances that maybe you are now eligible for what you were not in past.

You can add without any extra effort.

It is easy for you to check that whether you can qualify to add to your parents’ policy or a student insurance plan.

If there is nothing related, we will make sure to provide you list from where you can check that you can qualify for any of these options or not.

How to Find Cheap Health Insurance Plans?

Programs that offer Cheap health insurance are:

  1. Health Insurance Discount Cards
  2. Workers’ Compensation
  3. COBRA – Consolidated Omnibus Budget Reconciliation Act
  4. Medicare
  5. Medicaid (most individuals qualify for this)
  6. PCIP – Pre-existing Condition Insurance Plan
  7. Group Insurance from Organization Memberships
  8. Short-Term Health Insurance Plan
  9. Group Health Cost-Sharing Plan
  10. Health Care Sharing Ministry

 

  1. Health Insurance Discount Cards

    This provide cheap health services in exchange for a membership fee. You get discounts on medical services but not insurance. It does not offer any medical reimbursement; it only lowers your costs when you use the services of members participating in the plan.

  2. Workers Compensation

    Your state Workers’ Compensation program might be able to offer you some healthcare solutions if you treat for an injury that occurred while you were working. It is something you should look into if this is your situation

  3. COBRA – Consolidated Omnibus Budget Reconciliation Act

    In case if you are jobless now and you were on an insurance plan previously with your last employer, you are still eligible for your insurance under the COBRA.
    If you are a student, you are also eligible to remain insured on your parent’s health insurance with the help of COBRA.
    It is generally enticing when using your last health insurance plan you undergo an health treatment, while you still have to look out for such insurance policies that can help you to continue your quick treatment.
    Such plans are not actually the most affordable ones, therefore you should make sure upfront, that you have already checked with all other cheap options and then go for this plan.

  4. Medicare

    Social Security Administration administers Medicare. Sixty-five above and Social Security disability benefits holders can qualify for Medicare.

  5. Medicaid

    Since the ACA, lot has been changed including The Medicaid. A dramatic increase in number of people who are qualified to receive Medicaid has been observed. But according to the statistics, still many people do not know about it. This is the reason that you MUST look out for the recent changed to Medicaid in your state. Beside those who are living under the poverty line, there are many exclusions permitting those to qualify who have income above the poverty line. To find out if your state participates in Medicaid expansion you should contact your state insurance commissioner.

  6. PCIP – Pre-existing Condition Insurance Plan

    According to HealthCareGov.org, the Affordable Care Act marketplace coverage covers the pre-existing health conditions.

    No insurance plan can reject you, charge you more, or refuse to pay for essential health benefits for any condition you had before your coverage started. Once you’re enrolled, the plan can’t deny you coverage or raise your rates based only on your health.

  7. Family and Individual Health Insurance

    The private coverage options can help you in getting quotes for family or individual health insurance. Many of the private insurance plans may charge more money as they are normally costly, therefore you must have to looked out the marketplace and then go for this type of insurance plan. You can get health insurance in a similar way as you maybe looking for the best car insurance or negotiating for cheap life insurance.

  8. Short Term Health Insurance Plan

    Short-Term health coverage is allowed to families and individuals. While searching for other options, if you need to get covered fast then this is the option for you.

  9. Group Health Cost Sharing Plan

    Most of the organizations offer many benefits to their insurance plan holders. If you are part of any such sorganization, then you should ask them about the availability of this type of health insurance plans. Common groups can be the professional organizations or lumni groups. They do assist in providing cheap health insurance plans for their particular members. It is beneficial to look into this as an alternative to an employer-sponsored group health insurance as some of the businesses and independent employee associations can also offer these type of options.

  10. HCSM – Health Care Sharing Ministry

    HCSM – Health care sharing ministry is one where a group of individuals who have some beliefs generates a health cost sharing plan. An HCSM is an entity which does not gain profit, yet again, while it provides another to insurance, this is not health coverage and it is not planned regularly. This type of plans include permissions for the beliefs of the group, so if procedures are honestly objectionable then they will not cover under these programs. For examples: Samaritan Ministries and Medi-Share

    The Health Cost sharing plan is the one when a group of individuals pool their expenses altogether and reimburse each other’s’ healthcare expenses performing it a bit like their own created insurance company. In group health expense sharing plans are mostly not health coverage plans, so they can not structure in the same way as insurance. Thus it is essential to go through the history of one of these insurance coverage plans before you connect with them. Assistance by affiliates are mutual and invested and usually are reserved to pay significant medical expenses. This insurance does not commonly use for primary every day health expenses like small procedures or checkups.

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  1. Thanks it’s really informative.

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