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Low-cost health insurance you need to know
Whether you are unemployed or employed, finding a health insurance is a frustrating and time-consuming process. With the current government’s stand on the Affordable Care Act (ACA), finding an affordable health has become more important for people; moreover, having a proper information is important. Low-cost insurances are available; however, qualification and coverage are important for your condition without leaving anything major ailments out.
Cost of going uninsured
Health insurance is expensive; however, it is important to understand the risk attached to going uninsured. There is a 20% chance that a person would end up in ER between the age of 25 and 44. With fractures costing $15000-$20000 for uninsured patients, it is estimated that 25% of people in the country lose their savings in medical bills. This is one of the leading causes of the bankruptcy filing in the country. In addition, you can have a 2.5% penalty on your income or $695/person-whichever is higher. This could be a burden on the family that lives paycheck to paycheck.
How to get low-cost insurance
There are three main ways you can buy an insurance policy:
Can one get low-cost medical insurance with zero deductibles
Yes. It is possible. You don’t have to spend money initially for the insurance company to pay. However, zero deductible insurance premiums tend to higher than those with deductibles.
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