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

While shopping for cheap medical health insurance plans, one should have sound understanding of medical health insurance policies. Senior Vice President of Advisor Services at Manning & Napier, Shelby George advises the shoppers to always look for just how much coverage is provided for the costs a company provides. In other words, one should not get carried away by the cheap rates, but should rather focus on how much coverage the insurance companies are providing for those cheap rates they advertise.

To get best cheap health insurance, here is a conclusion 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 aim to provide all Americans with Health Insurance coverage, one of the many useful plans proposed by the federal government, is that of 'subsidies'. A subsidy, in simple words, is the amount paid by the federal government to the insurance firms to provide health insurance facilities to people that have low incomes. Because of this people falling in to the low-income group will be able to enjoy medical health insurance benefits by using subsidies, which would otherwise be rejected by insurance companies on any short-term policy claim.

A person who earns about $48,000 and a family of 4, which earns somewhere significantly less than $98,000 are those that can enjoy the benefits of subsidies. Hence, people who have low incomes can enjoy good cheap medical health insurance by making use of subsidies. However, these subsidy schemes proposed by the Obamacare plan are more likely to be altered or eliminated on the whole by the Trump administration.


Talking about other health insurance plans, a silver plan covers up to 70% of a person's health care charges while a bronze plan will cover up to 60% of the costs and the rest of the percentage of charges will have to be paid out of the individuals pockets. Now, comparing these two plans, if one wishes to invest zero money out of one's pockets, then selecting a bronze plan plus a subsidy will be of great help. For those who cannot afford to spend of one's own pockets, the bronze plan coverage of 60% along with the remaining 40% included in subsidies will help to enjoy cheap medical health insurance.

What Type of Policy One Can Choose?

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

1. Short-Term Policy: A short-term policy is for all those people, who usually do not qualify to avail subsidies. Put simply, people for whom it becomes 'unaffordable' to get health insurance should choose this policy. Here the word 'unaffordable' is referred to as the cost that exceeds above 8% of an individual or perhaps a family's annual income. In accordance with, 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 supposed to choose short-term policies.

Hence, if one finds it difficult to pay expensive premiums and avail health insurance, then going for the short-term policy is highly recommended. However, there are https://telegra.ph/MEDICAL-HEALTH-INSURANCE-Terms-and-Definitions-09-12-2 if one doesn't want any health insurance. But, on a positive note, it is beneficial for the individuals themselves, if they involve some financial protection that'll be of benefit in unfriendly circumstances.

Here are a few noteworthy details about short-term policies:

These policies usually last up to 3 months and may be extended till 9 months (in 3-month period renewal).
Based on the new rules proposed by President Trump, having a short-term policy will be mandatory for all individuals. However, this rule have not yet been passed, but will be in effect.
These policies usually do not provide coverage for pre-existing illnesses, i.e. diseases that certain is suffering from, before trying to get 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 won't cover costs for maternal care, injuries because of abuse, and mental health treatment.
On having a short-term policy, one can avail decent healthcare facilities at about $100 premium a month.
On My Choice Health Insurance , regardless of 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 advantages from this policy.
2. Combined Policy or Combo of Policies:

Traditional policies or quite simply plans with higher premiums provides coverage for all the expensive hospital bills in the event of risky illnesses or accidents. Whereas, choosing short-term plans will simply cover the standard doctor-visits. But if one wishes to avail some great benefits of both the policies, i.e. get coverage for risky illnesses as well as for normal or routine sickness (such as a cough, cold, fever), then insurance firms these days are offering combo packages.

Recently, people used to apply for both policies separately in order to avail coverage in both cases. This was getting difficult for the insurers to calculate different percentages and amounts; hence the plan for combo policies came up, allowing people to avail both benefits within a single policy. However, as evident since it seems, going for these policies will definitely cause someone to pay premiums higher than usual.

So a gist of all the above-discussed points is that certain should not 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 offer for the cheap insurance rates. Shopping for health insurance also requires thorough research and study, just like any other plans. Since this is a concern concerning one's health; it 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 offering affordable and quality health insurance plans.

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