Affordable Health Insurance

Health insurance laws and availability of plans are constantly being updated. These changes are to help provide consumers with more affordable health insurance options. However, the specific options can vary from State to State. Below is a general overview of how health insurance can become more affordable.

Household Income

If your household income is within certain percentages of the federal poverty level, you might be eligible for a reduced price Affordable Care Act insurance policy. To be able to utilize your income for the lower price, there are several other factors involved. We recommend talking with one of our experts to see if this is available to you. The health insurance plans that you can use your income to get a lower price are:

  • Major Medical (Affordable Care Act)

Health Status

If you are healthy, you might qualify for underwritten health insurance plan, which are often more affordable. Because these plans are designed for healthy people, the price is usually lower. There are differences in some coverage’s compared to an Affordable Care Act policy. It’s important to talk with an expert to see if one of these plans is the right fit for you. The underwritten plans that offer a more affordable health insurance solution are:

  • Short Term Medical (1 to 36 months)
  • Limited Medical (fixed Indemnity)

Supplemental Coverage

The thought of adding supplemental coverage to your health insurance sounds like it might cost more money. However, depending on how its structured, it can actually provide better coverage for a lower price. Because it costs less to choose a higher deductible plan, an option would be to add supplemental coverage plans to your insurance package to help cover the deductible. It is often cheaper to have multiple policies setup this way, than it is to have a lower deductible health insurance policy. An additional benefit to this, would be these supplemental coverage’s often provide even better coverage for you than an all-in-one single policy can provide. Examples of supplemental coverage policies are:

  • Accident Medical Expense (accidental injuries)
  • Critical Illness (cancer, heart attack, stroke, etc.)
  • Hospital Expense (admission benefits and daily income replacement)
  • Dental Insurance (preventative care, basic and major services)
  • Vision Insurance (eye exams, frames, lenses, and contacts)