Low Cost Health insurance
Health insurance is not cheap, and it can be tempting to go without coverage, especially if you never get sick. With the expensive monthly cost and out-of-pocket expenses, you may be wondering how much you really need coverage.
Many people in their 20s may feel they are healthy enough to skip out on health insurance. When you rarely see a doctor, and especially if things are tight financially, it may seem like a good idea to cut the health insurance expense completely from your budget.
You can pay for medical expenses as you go instead of worrying about the insurance premiums and co-payments on the way. However, this could be very difficult if you have a serious illness, an accident, or an ongoing health issue because the costs can become very large, very quickly. This is why it's essential for everyone to always have some form of health insurance.
Top Health Insurance Companies In Your Area
Which Plan Fits Your Needs?
Health insurance is not a luxury; it's a necessity. There are many other things you should go without before you choose to go without health insurance.
If you want insurance but feel unsure about what coverage works for you, there are some questions you can answer to find out.
- How's your health? Are you currently in good health, do you see a doctor regularly, and do you engage in any risky sports or occupations? Like other forms of insurance, your insurance needs are based on your degree of risk.
- How often do you go to the doctor? Did you go several times last year and spend money on copays for office visits, lab work, urgent care, and prescription drugs? Add all of this up to get an idea of your typical annual health care needs.
- What current options do you have? See if you can get cost-effective, quality health insurance through your employer, your state's health care exchange, a health share ministry, or even group insurance through membership in organizations such as Costco.
- What are your priorities? If you see the doctor often, you'll probably want a plan with lower copays and deductibles. If your monthly expenses are already straining your paycheck, perhaps you're better off with a plan that has lower monthly premiums. High-deductible plans can lower your premiums, and if you don't go to the doctor very often, it doesn't make sense to pay large premiums for a low-deductible plan.
- What are your coverage needs? Boil down all of the available insurance plan options to those that fit your needs, then dig into the details. While the cheapest plan may grab your attention, it may not provide as much value per dollar as some other plans.
- Have you gotten an expert opinion? Some people find the whole experience of health insurance shopping overwhelming, and there are many insurance agents that can help you sort through the options. These agents spend their days immersed in insurance and can make quick work of finding your best-fit plan. Find an independent agent who can get you quotes from a large variety of health insurance companies.
