Affordable individual and family health insurance plans are often offered through an indemnity or managed care organization. With an indemnity, the policyholder– you– pays for all health care costs upfront. The individual and family health insurance plan will reimburse you once they receive a doctor or hospital bill. With a managed care plan, you usually only have to pay a co-payment at the time of your medical service. The doctor or hospital will then bill your individual and family health insurance company for the rest. Managed care organizations include Health Maintenance Organizations (HMOs), Preferred Provider Organizations (PPOs) and Point of Service (POS) plans, and they do not always provide the wide selection of doctors and other health care professionals offered by indemnity plans.
Group health care has one other advantage– they often accept pre-existing conditions that individual health care does not.
Each state sets forth its own criteria for state-sponsored health care coverage eligibility. You may need to meet certain financial requirements, i.e., not make enough money to be considered able to purchase your own health insurance plan. You may need to have a certain number of individuals in your household, or you may need to have a certain number of dependents. If you’re looking into a state-sponsored health care program because you haven’t had success finding an independent health insurance plan due to a pre-existing health condition, you may need to show proof of a certain number of attempts before your state considers you eligible.
Remember, regardless of whether you’re eligible for affordable, low cost health insurance from your state’s health care program, your child or children may be eligible. Always find out your state’s criteria for children eligibility, and make sure your children have adequate health coverage.
If your place of employment doesn’t offer group health insurance then check around with any organizations that you belong to. Many times automobile clubs, fraternal organizations, even churches have some form of group health insurance that they can offer to members at a tremendous discount over individual health care.
However, if none of these apply to you, and purchasing an individual health insurance plan isn’t a financial option, perhaps it’s time to contact your state’s department of insurance. Most state’s in America offer some sort of medical benefits package to residents who can’t otherwise afford an affordable, low cost health insurance plan. Or, perhaps you can afford to purchase an individual health insurance plan, but are continually denied coverage due to a pre-existing health condition. Some states also offer health insurance plans for individuals in this situation, too.
There are several ways you can obtain affordable, low cost health insurance. If you’re employed, your employer may offer a group health insurance plan for employees. Married individuals can usually opt to be covered under their spouses’ health insurance– their children can be covered, too. If you belong to a club or organization, you may be able to take advantage of group medical benefits offered by the club or organization. Of course, you may be able to afford an individual health insurance plan.
faith-based health sharing organization in which members share in each other’s medical needs.” Health-sharing is NOT insurance and it is NOT part of the Affordable Care Act, which means you can buy it at any time of the year. However, if you do purchase an Altrua plan, you do NOT have to pay the ACA penalty.altrua healthshare
If you and your family are currently without affordable health insurance, act quickly. After you apply for an individual and family health insurance plan, the time between application and the date the plan actually starts varies. The speed of the process usually depends on the underwriting process of the insurance company, so it’s best to apply as soon as possible.
You may feel health insurance is too expensive for you, but there are affordable individual and family health insurance plans out there. Being without adequate health insurance is too risky– for your health and your bank account. Thanks to individual and family health insurance plans, it’s possible for you, your spouse, and your children to obtain affordable health insurance.