If you are unable to find affordable Health Insurance for yourself or your family, you should consider enrolling in a Marketplace plan. These Marketplaces are run by the federal government and some states operate their own marketplaces. You can enroll in a Marketplace plan only during an Open Enrollment Period (OEP) in your state, but you can enroll in Medicaid or CHIP any time of year. You can apply online, by phone, or through a paper application, and a trained assister can help you navigate the process.
Indemnity plans are similar to their standardized counterparts, but will pay 80% of the costs of a covered illness or injury. Indemnity plans may be the most flexible but will require you to visit a network of doctors and hospitals. Depending on the plan, there are penalties for using a doctor outside the network. On the other hand, Fee-for-Service plans will pay equal amounts for treatment from all providers and allow you to visit the doctor or hospital of your choice.
Although health insurance may seem unnecessary, it’s important to consider the cost and benefits. Low monthly premiums may seem like an investment in your health, but think of it as an investment in peace of mind. That way, you won’t have to worry about unexpected expenses. And, of course, you will be less stressed if you’re never in an emergency situation. So, why not get Health Insurance? It’s worth the investment.
The costs of Health Insurance vary from state to state. The government’s Affordable Care Act (ACA) mandates that Americans have some form of health insurance. In exchange for coverage, the government pays a portion of the costs. Premiums can be as low as 8.5% of your personal income, or as high as 300% of your income. Higher premiums may incur a tax penalty. However, the government provides cash subsidies to those who choose higher premiums.
Most people don’t plan to fall sick or injured. Yet, accidents and injuries can have devastating effects on your health and leave you with unmanageable medical bills. By investing in health insurance, you can limit the risk of expensive illnesses and injuries by receiving preventive care, even before they become a problem. And, most importantly, you’ll get peace of mind knowing that your medical bills are covered if you get sick or injured. With Health Insurance, you’ll be able to avoid these unpleasant surprises with less hassle than you’d think.
If you’re unsure of how your health insurance works, try watching the animated movie Health Insurance Explained – The YouToons Have It Covered. This humorous film explains the basics of health insurance, including how to pay for health insurance, how to get medical care, and even how prescription drugs work. A former U.S. Senate Majority Leader Bill Frist narrates the program. Both versions are available in English and Spanish.