General Disclaimer: All the articles here are presented with no warranty. The information displayed on investingbytes.com may be different from what you see when you visit a financial institution, service provider, or a specific product’s site. We are not responsible for any errors or other inaccuracies in the content on our website. The information provided on our website is solely for informational and educational purposes, We recommend that you obtain considered and independent advice from a financial professional before you make any financial decisions or implement any financial strategy.
Advertiser Disclosure: Card Listings and other financial products that appear on this site are from financial companies for which investingbytes.com may receive compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. Investingbytes.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.
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.
There are a few things a person must see before opening a savings account. The main feature being th...Read more
Are you having trouble figuring out how the charges on your credit card bills add up? Here is a simp...Read more
Construction and contracting are one of the riskiest jobs, where nothing is certain. Usually, contra...Read more
Donating to charities is a great opportunity to give back to the community and set an example for th...Read more
Subscribe to our newsletter to receive latest updates in the world of finance!