When shopping through the Health Insurance Marketplace you will notice that there are opportunities to receive tax credits and cost reductions if you qualify for them. These are solely based on your income level compared to the poverty line. Recently, in order to qualify for the cost savings, you could not make any more than 400 percent of the poverty level across the United States. Without these savings it can become a little pricier and there are other alternatives that are worth exploring before buying through the marketplace. These include buying directly from an insurance company, purchasing through an insurance agent or broker, or shopping on an online health insurance seller.
Alternative Ways to Obtain Health Insurance
When searching for alternative ways to buy a health plan it is best to explore all options before settling on one. For example, if you decide to get your policy directly from an insurance company you can reach out to any number of them in your local area and request a meeting or quote. From there you will be able to view the plans that are available in your area. If you would prefer, many websites will also allow you to compare plans online to see what you are eligible for before reaching out for more information.
Another route you can go when shopping for health insurance is to use an insurance agent or broker. Typically, agents will only represent one health insurance company, where as a broker has access to sell plans from different companies. This may be the best route to go if you find that you are not happy with the options one location offers. Neither location will cost you more and both can help you select and enroll in your chosen plan.
Lastly, online health insurance sellers are a great place to find different health plans from several insurance companies that you are eligible for. Once you have a few in mind, most websites will let you compare prices, features, and enroll all within the same website making the process easier and less time consuming. The one important thing to note is that they may not offer all plans in your current area.
What Happens if I Don’t Have Health Insurance?
While not having health, insurance is legal in the United States many would not recommend going without it. At first paying monthly premiums and never needing or using your health insurance can seem like a waste of money each month. However, when an accident occurs and you need to go to the hospital or see a doctor, you will not be responsible for thousands of dollars in medical bills. If cost is the biggest concern, there are options such as high-deductible plans that will lower your monthly payments in exchange for a higher yearly deductible.
iHealthcare is Here to Help
Figuring out what healthcare plans you qualify for can be time consuming and a nuisance. At iHealthcare, our team of experienced agents can sit down with you during your first meeting and discuss your goals and needs to find the best program.
To get started with a free quote, give us a call at 713-900-1901.