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Getting Cheap MEDICAL HEALTH INSURANCE Plan?
The USA Government has been presenting several schemes and plans to greatly help the American residents enjoy health insurance benefits to the fullest. "Obamacare" is one particular scheme that provides health insurance facilities for both high-income and low-income groups in the us. However, a report from a Washington D.C. firm, named Avalere Health, reveals that the purchase price for just one of the plans in Obamacare, called the silver plan, will rise to about 34% in 2018. The silver plan offers a decent coverage policy and is really a bit high on the monthly premiums. For many who cannot afford to cover such high premiums; they want not worry, as you can find policies besides this and a subsidy scheme, that may provide health insurance at low cost.

While shopping for cheap medical health insurance plans, one should have sound knowledge about medical health insurance policies. Senior Vice President of Advisor Services at Manning & Napier, Shelby George advises the shoppers to always search for how much coverage is provided for the costs a company provides. Quite simply, one should not get overly enthusiastic by the cheap rates, but should rather focus on how much coverage the insurance companies are providing for all those cheap rates they advertise.

To get best cheap medical health insurance, here is an explanation of the various policies available and a description of, whether one can get insurance for "free".

Subsidies and other MEDICAL HEALTH INSURANCE Plans:


With an try to provide all Americans with MEDICAL HEALTH INSURANCE coverage, one of the numerous useful plans proposed by the Government, is that of 'subsidies'. A subsidy, in simple words, may be the amount paid by the federal government to the insurance companies to provide medical health insurance facilities to people that have low incomes. Therefore people falling into the low-income group will be able to enjoy medical health insurance benefits through the use of subsidies, which may otherwise be rejected by insurance firms on any other short-term policy claim.

An individual who earns about $48,000 and a family group of 4, which earns somewhere less than $98,000 are those who can enjoy the great things about subsidies. Hence, people who have low incomes can enjoy good cheap health insurance by making use of subsidies. However, these subsidy schemes proposed by the Obamacare plan will be altered or eliminated on the whole by the Trump administration.

Talking about affordable health insurance , a silver plan covers up to 70% of a person's health care charges while a bronze plan covers around 60% of the expenses and the rest of the percentage of charges will have to be paid out of the person's pockets. Now, comparing both of these plans, if one wishes to spend absolutely NO money out of one's pockets, then choosing a bronze plan plus a subsidy will undoubtedly be of great help. For individuals who cannot afford to spend of your respective own pockets, the bronze plan coverage of 60% together with the remaining 40% covered by subsidies will enjoy cheap medical health insurance.

Which kind of Policy YOU CAN Choose?

The first step to obtain hold of the best cheap health insurance is to be aware of what policy suits one's needs. This is a list of two options explained briefly, in order that one can choose the best fit.

1. Short-Term Policy: A short-term policy is for those people, who do not qualify to avail subsidies. Quite simply, people for whom it becomes 'unaffordable' to obtain health insurance should choose this policy. Here the word 'unaffordable' is described as the cost that exceeds above 8% of an individual or perhaps a family's annual income. According to, Nate Purpura, the Vice President of Consumer Affairs (ehealth.com), individuals whose income ranges from $49,000 to $69,000 and families that earn somewhere between $99,000 and $129,000, are likely to choose short-term policies.

Hence, if one finds it difficult to pay expensive premiums and avail health insurance, then choosing the short-term policy is strongly suggested. However, you can find no penalties if one doesn't wish to have any medical health insurance. But, on a positive note, it is beneficial for the individuals themselves, should they have some financial protection that will be of great benefit in unfriendly circumstances.

Here are some noteworthy details about short-term policies:

These policies usually last around 3 months and can be extended till 9 months (in 3-month period renewal).
In line with the new rules proposed by President Trump, having a short-term policy will undoubtedly be mandatory for several individuals. However, this rule have not yet been passed, but will be in effect.
These policies do not provide coverage for pre-existing illnesses, i.e. diseases that certain is experiencing, before applying for the policy.
If at all one wishes to add such pre-existing illnesses in the coverage plan, then the premiums will increase substantially.
Unlike Obamacare schemes, short-term policies will not cover charges for maternal care, injuries due to abuse, and mental health treatment.
On having a short-term policy, one can avail decent healthcare facilities at about $100 premium per month.
On a standard basis, despite the low coverage options it provides, those who are looking for cheap medical health insurance for individual or cheap medical health insurance for families, can avail great benefits from this policy.
2. Combined Policy or Combo of Policies:

Traditional policies or basically plans with higher premiums provides coverage for all the expensive hospital bills in case of risky illnesses or accidents. Whereas, choosing short-term plans only will cover the normal doctor-visits. But if one wishes to avail the benefits of both the policies, i.e. get coverage for risky illnesses as well as for normal or routine sickness (just like a cough, cold, fever), then insurance companies these days are providing combo packages.

Recently, people used to apply for both policies separately so as to avail coverage in both cases. This was getting problematic for the insurers to calculate different percentages and amounts; hence the program for combo policies came up, allowing visitors to avail both benefits inside a single policy. However, as evident as it seems, going for these policies will definitely cause one to pay premiums greater than usual.

So a gist of all above-discussed points is that certain shouldn't always get attracted by offers that merely advertise of providing cheap medical health insurance for individuals, instead you need to look for the quality of coverage they provide for the cheap insurance rates. Shopping for health insurance also requires thorough research and study, exactly like any other insurance policies. Since this is a concern concerning one's health; it really is nowhere worthy to just be concerned about money. Quality service always comes at pay hence you need to be wise enough to search for policies that provide affordable and quality medical health insurance plans.

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