Affordable Health Insurance Cheap Health Insurance
Affordable Health Insurance
The truth about health insurance is
that it is still the most needed of all insurance policies. Just take a good
look at the society. You will notice that an average developing economy will
present a population where more than 50 percent of the masses do not own their
own cars. The simple truth is that they do not need any type of car or auto
insurance whatsoever. Then you get into housing and you notice that even in the
developed economies, you will still get more than 50 percent of the masses or
citizens not having their own houses. The truth again still remains that these
folks do not need anything like mortgage or home insurance. When it comes to
the life assurance, it is only the well to do who want to save something for
their children or those who want to make savings for one project or the other
that gets into the act of saving money through term life insurance. The simple
truth here still remains that the insurance that is needed by every citizen of
the world is the health insurance. This is why many agencies lend their efforts
in coming up with very affordable health insurance policies, so that even the
poorest people in the society can do little things that will insure that their
health is taken care of when they have health problems.
There is numerous affordable health
insurance scattered all over the world, especially in the developed and
developing nations. Most times, the problem remains that people do not take
their health seriously and therefore do not make serious efforts to search out
and use these affordable health insurance policies to get them covered against
the risk of illnesses. One thing that will make you know that you are always in
need of this is because illnesses must always come, and they do not give you
any notice when they are coming, and the worst part of it is that they might
come when you do not have any dime to handle the bills. So, you need to search
out the affordable health insurance policies in your area and save your life
with them. Some of them include
Private health insurance
This is the type of affordable
health insurance that is provided through the firm you work with. Many
employers get into health insurance policies where they take out the policy for
all their employees. Here, they pay a certain amount of money to the insurers
as premium and this covers the medical expenses of all their employees. This is
much cheaper than when you get the insurance coverage on a personal note. But
one thing is that in some cases, you are not given the option to choose the
coverage you want, as the same coverage runs for all involved in the insurance
scheme.
Government insurance
This is perhaps the most used of all
the affordable health insurance schemes, and the simple reason for this is
because it is very affordable. Here, it is divided into two different types.
These are the Medicaid and the Medicare.
Medicare
This is seen as the old peoples
plan. It is the type of health insurance cover that is offered by the
government to people that is above the age of 65 years. The Medicare however,
might not cover all the medical expenses incurred by these lots. In some cases
it might cover some and not all expenses. However, it is not only old people
that are entitled to this. People who have been bedeviled with some severe
medical disabilities or chronic health issues can also qualify to be covered by
this policy. However, this affordable health insurance type has four different
divisions in it, and these divisions are just made according to the level of
coverage that this gives. They include part A, B, C, and D.
Medicaid
This is the type of health insurance
policy that simply helps low income earners of certain degree to pay for their
medical expenses. Here, you are not given the money directly. The money is paid
directly to your health provider. This is to insure that you are just given
what your medical costs are. However, in some cases, you might be required to
make part of the payment before the government comes in. There are also some
families that are considered eligible because of some financial situations.
Health insurance organizations
(HMOS)
This is the health insurance plan
that takes care of your health bills only when you make use of health care
providers that are under their network. This makes it to be very affordable
than when you run from one provider to the other.
Preferred provider organizations
(PPOS)
This is the type of coverage that
will take complete care of your medical costs if you make use of doctors or
health care providers within their network. However, unlike the HMOS that will
not cover any service you get from people outside their network. This will give
you the benefit of settling just some portion of the medical costs you incur by
using doctors outside their network. If you are looking for an affordable
health insurance policy, what will make you not to make use of doctors within
their network, so as to get your costs covered? This makes it very affordable
for you.
Buying under parents cover
The fact still remains that in every proper insurance setting,
there is a parent’s cover that also covers their children. Here, we are not
talking about the kids that are below the ages of 18 and are still living with
their parents. We are talking about insurance plans offered by insurers with an
option that allows children of the insured to get involved in the coverage.
This will cover children that are even up to the age of 26. This sounds really
good. Another good thing about it is that it has no silly restrictions. The
policy obtains that even if the child or children to be covered are now married
and are not living with the parents, they are still eligible to be covered by
this plan. It also obtains that even if the child is working, but is under the
age of 26, he or she can have some respite under the parent’s coverage. The truth
about this is that even if you have to pay back your parents the part of the
premium that is due to you, you will still find out that you are getting the
policy at a very cheap cost and saving a huge amount of money. This is perhaps
what I see as the cheapest of all cheap health insurance plans.
Pre-Existing Condition Insurance Plan
(PCIP)
This is the second in ranking when it comes to the cheap health
insurance plans and the earlier you know about all these the better for you.
But one thing that makes this plan better than the aforementioned is the fact
that it takes care of people with special situations and not just for eligible
candidates. In actual sense, this is a plan that takes care of people who are
facing difficulties in getting a health insurance plan because they have an
existing health or health insurance condition. The simple truth here is that
whenever you are rejected by an insurer or denied health insurance coverage,
you can make use of this to get yourself covered. This health insurance plan is
mostly administered by the government, to take care of people who are under
high insurance risk. However, you might also have to pay the normal out of
pocket payment, but this is nothing to compare with what you will pay if you
are using other insurance policies. This is only if they eventually decide to
cover you.
There are many other cheap health insurance policies that you can
also source. The truth is that the traditional health insurance plans can be
affordable depending on your conditions and how you use them, but whenever you
talk about health insurance plans that are very cheap, you have to move away
from the traditional methods. This gives birth to the other two cheap health
insurance plans. They are the emergency cover and the high deductible plans.
High deductible plans
Here, your health care coverage never begins until you have paid
up to a deductible amount. The simple meaning of this is that when the insurer
starts taking care of your health bills, it becomes so cheap to the extent that
it is cheaper than the plans you get with regular premium payments. Another
good thing about this plan is that the amount you pay before you start
receiving the insurance benefits can be used to make some tax savings. Just ask
your insurance plan about this and start saving money today.
Emergency plans
This is another method through which you can get very cheap
insurance policies. This can be very cheap for you if you are very healthy and
only needs little checkups from time to time. In some cases, it will even take
care of your “just in case” and preventive services free of charge.
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