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7 Ways to Get Cheap and Affordable Health Insurance
By George G.
Many Americans are uninsured, and the number of people without healthcare insurance
has climbed over the years. It is not surprising as individual or group health insurances
are usually highly priced. To protect yourself from rising health costs, you need
to find a healthcare insurance that suit you best with affordable premiums.
Where to Get Cheap Health Insurance Plans?
1. Workers’ Compensation
This is a good way to get health insurance. There are programs like this for every
state, but many people are unaware of Workers’ Compensation.
If you happen to meet with a work-related accident, your employer has the duty to
bear the expense.
Almost everyone knows if they meet the grade to Medicare or not. If you are 65 years
or above, you are eligible to get benefits from Medicare. Another way to become eligible
is when you are receiving Social Security disability settlement.
Medicare is offered by the governance. Social Security administration does the admin
Many people assume that they will lose their eligibility for benefits from Medicaid
if they get a job. This is not true. Medicaid extends help to all low income families
and people. But the state has the authority to set the limit.
If the healthcare cover provided by your organization is too expensive for you, make
sure to check if you qualify for Medicaid.
4. State High Risk Health Insurance Pool
If there is no help to get individual healthcare insurance, then rely on your state.
It offers health insurances that may not be affordable. But they offer to people
or groups who have pre-existing conditions.
It is always best to begin with Consolidated Omnibus Budget Reconciliation Act. If
you are currently unemployed, you can still continue the insurance that was offered
by your ex-employer. This is possible with COBRA, but can be an expensive option.
6. Family and Individual Healthcare Insurance
These are covers that are offered by insurance companies. They can be purchased just
like an auto or home insurance.
They are more expensive than the ones offered by your employer because your employer
bears equal costs with you on your cover. The individual firms who offer the covers
do pose some limitations. And, they are not too keen to offer the plans for people
with pre-existing conditions. Some do present the cover but only until a specified
7. Group Insurance through Organization Membership
It is very affordable and provides cost efficient health insurances. Organizations
such as The Sacramento State Alumni Association offer a wide range of insurance choices.
Those who are members of such organizations can avail these benefits of group health
insurance. Though they may not bear a part of your premium expense on a monthly basis,
but the rates themselves would be considerably lower. This is mainly due to the group
discount that comes with a group health insurance.