How to Find Affordable Health Insurance

How to Find Affordable Health Insurance. Use these tips to find a health plan that
meets your needs and your budget. You will need Research A high deductible and
a health savings account (optional). Step 1. Become familiar with the health insurance
laws in your state. Type the name of your state and “health insurance
laws” into a search engine to find the appropriate government web site. Step 2. Check out policies that trade associations
offer; they often have lower rates. But make sure you’re contacting a reputable
trade group. Some lure in members with low premiums that
jump up in a year or two. If you’re self-employed, see if your state
offers group rates to businesses with just a few employees. Step 3. Comparison shop either on your own or with
the help of a health insurance broker. Locate the latter through Step 4. Buyer beware: Some policies offer only “limited
benefits,” a distinction that’s not apparent unless you read the fine print. Three-quarters of Americans who are pushed
into personal bankruptcy by medical problems had health insurance. Step 5. Consider a high deductible. Depending on the size of your family and your
medical situation, it may be cheaper to hold health insurance primarily for a catastrophic
illness or injury rather than for regular office visits. Find out if you can open a health savings
account, which lets you put money in an interest-bearing account that can be withdrawn, tax-free, for
medical expenses your insurance doesn’t cover. Step 6. Protect your children by calling 1-877-KIDS-NOW
for information on low-cost – or even free – health insurance for children 18 years
and younger. Each state has its own program for low-income
families, and eligibility rules vary. Step 7. If your income is very low, find out if you’re
eligible for Medicaid by contacting the U.S. Department of Health and Human Services. Step 8. If you’re 65 years or older, apply for the
federal health insurance program known as Medicare by calling 1-800-MEDICARE. Did you know In some states, people who work
25 hours per week qualify for the health benefits of a full-time employee.



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