Does Affordable Health Insurance Exist?

With all of the different health insurance companies out there it is not always a simple and easy task to find affordable health insurance coverage. What it often seems like is that health insurance companies charge their customers a great deal of money but then the customers pay more to receive less.

With all of the different health insurance companies out there it is not always a simple and easy task to find affordable health insurance coverage. What it often seems like is that health insurance companies charge their customers a great deal of money but then the customers pay more to receive less.

The statistics relating to health insurance point to the fact that there are a tremendous number of Americans who are either uninsured or underinsured. Many do not work jobs where there is employer-sponsored insurance and many cannot even affordable to purchase an individual health insurance policy.

If you are one of the many Americans who does not have health insurance then you may be asking yourself- does affordable health insurance exist in the world today? The good news is that there are low cost health insurance options out there. You just have to be willing to look for them. Here we explore a few of those options.

COBRA is more than just the name of a type of snake. COBRA stands for Consolidated Omnibus Budget Reconciliation Act. If you are currently not employed but you did have health insurance through your employer when you were then you may qualify to continue that insurance coverage for a length of time. The same can be said if you are a student who is ready to start college. Through COBRA you may be able to continue with the health insurance coverage that you have through your parents. Be aware however that COBRA is only a temporary solution for health insurance and it comes with premiums that are high!

Medicaid is geared towards providing health insurance for low income earners. This includes families as well as single individuals. Every state offers Medicaid but each state has its own eligibility requirements. This means that the qualifications for those living in Oregon may be different than for those living in Florida, Rhode Island or Arizona. If you do not have a job then look into the Medicaid program. The same is true if you are working but are not earning very much and cannot afford health care expenses.

Medicaid keeps improving its services and benefits and adding more all of the time. What this means for you is if you do not qualify now then you should keep abreast of the changes taking place as well as the health insurance laws. You may very well qualify sometime in the near future.

Medicare is another affordable form of health insurance in the United States. It is offered by the government and is taken care of by the Social Security Administration. You must be 65 years of age or older to be eligible for Medicare benefits. You may also be eligible if you have a disability and are presently receiving Social Security disability benefits.

If you are presently being treated for an injury that you sustained at your workplace then you may be eligible for health insurance benefits under the Workers’ Compensation program. This is something that many people are not aware of and do not think about. Take the time to investigate further if this situation applies to you.

If you are between jobs or will be starting a new job in the near future then a smart and affordable health insurance option is short term health insurance coverage. It works the same as an individual health insurance policy except you are only covered for a short span of time. This means that the premiums you pay will be considerably less.