Affordable Health Insurance
Affordable Health Insurance
An individual shopping for affordable health insurance is faced with hundreds of choices. An individual needs to research all available options while buying affordable health insurance. At Vimo.com, we specialize in finding a health plan for you that fits well with your budget and/or health conditions.
You can instantly receive health insurance quotes from across the nation. One should use Vimo or another Internet-enabled health insurance exchange to understand the following factors:
At Vimo or another internet health insurance comparison shopping engine, it’s easy to compare health insurance plans that will cover you and your loved ones. Input the ages and pertinent medical details of yourself and other members of your family. Within seconds, you will receive affordable family health insurance quotes from your area.
Call 1-866-955-8466 or click here to get your free health insurance quote »
Consider a Health Savings Account
A Health Savings Account is a great option for people who rarely use their health insurance services. One is often eligible to enroll in a Health Savings Account(HSA), if one decides in favor of a high-deductible insurance policy which comes with lower premiums. An HSA account allows you to save or invest the money you save on premiums, where it grows on a tax-deferred basis. One can use the HSA account for any medical expenses or as retirement income.
Go for a Higher Deductible
Purchasing an insurance plan with a higher deductible could dramatically lower the premiums for your health insurance plan. If one or one’s family has been in reasonable health, it is advisable to go for a higher deductible.
Consider a group plan
If you are self-employed and cannot avail of an employer’s group plan, health insurance premiums can be extremely expensive. One should consider their university’s alumni association group plan or a small business association’s group plan to ensure an affordable health insurance plan.
Affordable health insurance may mean different things to different individuals. An individual may need health insurance for different things; one may need health insurance coverage for maternity care, another may need health insurance coverage for unforeseen accidents.
These are some of the questions you should answer before you begin shopping for a policy. Knowing your priorities will help you narrow down your choices and weigh the pros and cons of each plan:
Do I want coverage for preventive care or just in case of a major illness or accident?
Which company has the largest or most convenient provider network for my lifestyle?
Do I want greater control over my medical resources?
Most consumers forget the primary purpose of insurance – which is to help you when you are faced with catastrophic illness. Make sure that you have an out-of-pocket maximum for the year that you can live with in a crunch.
The 2005 Current Population Survey (CPS) estimated the percentage of uninsured Americans who are eligible for coverage through Medicaid or the State Children’s Health Insurance Program (SCHIP), individuals who need assistance for purchasing health insurance, and the individuals who are likely able to afford insurance.
According to the survey, 25 percent are eligible for coverage through federal or state programs, 56 percent need assistance, and 20 percent can afford coverage. This varies across uninsured populations: 74 percent of children are eligible for public programs, and 57 percent and 69 percent of parents and childless adults, respectively, need assistance.
If one cannot find affordable health insurance plan due to high cost, or if one is denied coverage due to pre-existing health conditions, one should check to see if he or she is eligible for Medicare or the state run High Risk Insurance pool programs.
a) Medicare is a government run health insurance plan for people age 65 or older, and thos individuals under age 65 who suffer from certain disabilities and people of any age with End-Stage Renal Disease.
b) State High Risk Insurance Pools offer insurance to Uninsurable Individuals
According to the American Diabetes Association, more than 30 states have established government programs known as “high risk pools” to offer insurance to individuals who cannot qualify for insurance with a private insurer.