Now that health insurance is mandatory, you may be worried about not being able to afford it. However, new tax credits now make it possible to find affordable medical insurance. The government acknowledges that not everyone can afford the premiums that private health insurers are offering, so it is making it easier for everyone to gain access to insurance policies. Depending on your income level, you may receive a credit to help lower your monthly premiums only, or to lower both your premiums and your out-of-pocket costs.
If you do not have insurance yet, or if you are not happy with your current policy, you can get assistance finding a plan by using an insurance professional. There are many different options in terms of insurance companies, specific plans, deductible amounts, and individual co-pays. To help avoid confusion and make sure that you are getting the best plan for you and your family, a professional can help guide you through all of the different policy options.
If finding affordable medical insurance is a priority for you, keep in mind that there are government resources that you can tap into. To help you save money on insurance premiums, there is a tax credit available. According to the government’s healthcare marketplace, a family of two that makes $62,000 or less a year may qualify for a credit. If a family of two makes $38,775 or less, not only will they receive help with premiums, but their out-of-pocket expenses will be lower as well.
Having health insurance is important. Not only is it imperative to have access to the medical care that you need, insurance also protects your other assets. If you do not make a lot of money, or if there are other extenuating circumstances, it is still possible to find affordable medical insurance. Speak with an insurance professional and find out what resources are available to you, and what other things you can do to help lower your costs.
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