Tag Archives: cheap health insurance

Subsidies Provide Most Affordable Individual Health Insurance

Subsidies Provide Most Affordable Individual Health Insurance | JT Insurance ServicesWith Obamacare’s moves to make health insurance not only mandatory but also affordable for all Americans, federal subsidies are one part of the equation. A rough estimate places the value of private health insurance subsidies at $4,000. Providing more affordable individual health insurance is key to the implementation and success of the ACA and subsidies form a critical part for those who qualify.

Click here to read the full article by John Goodman for Forbes.

What You Should Consider When Looking For Affordable Health Insurance

What You Should Consider When Looking For Affordable Health Insurance | JT Insurance ServicesWith the recent changes to healthcare, you may be wondering what you need to consider when shopping online for an affordable health insurance plan. Healthcare is not free and you will need to consider the cost of healthcare in relation to the benefits you get under the plans you are interested in. It is important to understand the basics of healthcare so that you can make an informed and intelligent decision about which plan is best for you. Accordingly, you will want to understand what your specific needs are, what plans are available, what they offer you and what that plan means for your financial budget.

It is important to have a working knowledge of healthcare insurance when shopping for affordable health insurance online. You should understand the fee schedules for the plans you are interested in, and pay particular attention to the deductibles, copayments, coinsurance, and the provider network. Generally speaking, if you are paying more in copayments and deductibles, you are paying less for insurance premiums. Another important consideration is the provider network.  Unfortunately, the current healthcare system does allow you the freedom to visit any doctor you would like, unless you want to cover the cost of treatment yourself or pay a higher deductible. Because of this, you will want to review the list of doctors your insurance company includes in its network, especially if you have special needs that cannot be treated by just any doctor.

Generally speaking, there are three types of plans available: healthcare maintenance organizations (HMO), preferred provider organizations (PPO), and point-of-service plans (POS). You will have lower costs with HMOs, but you must stay with a primary care physician within your specific network. PPOs do not require you to select a primary care physician and allow you to choose out of network doctors for a higher fee. A POS plan is a combination of HMOs and PPOs. POS plans allow you to choose an in network primary care physician, and allow you to go out of network and see specialists with a referral from your primary care physician.

You will want to review the plans you are interested in and understand which benefits they offer, and which benefits they do not offer. By understanding this, you can maximize your cost to benefit potential and get the most for your money with an affordable health insurance plan. Make sure to be aware of any changes to coverage if you are switching providers, know what special needs you might have and which physicians are in your network, and balance the cost of the plans with your medical needs.

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Affordable Medical Insurance is Attainable With the New Tax Credit

Affordable Medical Insurance is Attainable With the New Tax Credit  | JT Insurance ServicesNow 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.

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://jtinsuranceservices.com/blog/

Understanding Affordable Health Insurance Plans

Understanding Affordable Health Insurance Plans | JT Insurance ServicesWhen it comes to your affordable health insurance plan, it can seem somewhat daunting to understand each aspect of the plan and how your coverage will work in various settings. The Affordable Care Act has required that each newly issued health insurance plan cover 10 essential benefits, but this does not mean that having insurance will help you pay for every medical procedure you may choose to have. Be sure to read up on your rights, your insurance plan, and how your plan affects your options and prescription coverage.

Click here to read the full article by Donna Fuscaldo for Fox News.

Affordable Health Insurance in Early Retirement

Affordable Health Insurance in Early Retirement | JT Insurance ServicesIf you are opting for early retirement and do not yet qualify for Medicare, there are ways to reduce your health care costs and obtain affordable health insurance. Choosing a lower-cost, high deductible plan, embracing preventative care, utilizing financial planning, and discussing your options with a knowledgeable insurance agent will facilitate your search for affordable health insurance and support your health in early retirement.

Click here to read the full article by Luke Landes for Motley Fool.

Finding Affordable Health Insurance in 2014

Finding Affordable Health Insurance in 2014 | JT Insurance ServicesFinding affordable health insurance has become even more available this year, with the biggest changes in healthcare affecting the system since the creation of Medicare. With insurance now mandatory for almost all Americans, these tips, such as working with a knowledgeable agent, doing your research, and checking out various types of insurance, will help you make the best decision for insurance.

Click here to read the full article by Jack Hungelmann for Bankrate.

Myths vs. Facts: Affordable Health Insurance

Myths vs Facts: Affordable Health Insurance | JT Insurance ServicesWhile there has been much discussion surround affordable health insurance and reform, there are still many areas of confusion. Can you separate the myths from the facts? More information about insurance plans, options, and the marketplace can be discovered and are clearly explained.

Click here to read the full article for WebMD.

Affordable Health Insurance When You’re Out of Work

Affordable Health Insurance When You're Out of Work | JT Insurance ServicesReplacing your health insurance when you are out of work may seem like a daunting task, but there are certainly affordable health insurance options for you to choose from. COBRA allows you to keep your health insurance for up to 18 months after losing your job, while enrolling in your partner’s plan or seeking a new plan in the marketplace are also good options.

For more information on affordable health insurance options, click here to read the full article from WebMD.

Different Ways to get Low Cost Medical Insurance | JT Insurance Services

Different Ways to Get Low Cost Health Insurance

Having health insurance coverage is important, not only to fulfill government regulations but also to protect your finances and other assets. However, if the lack of funds has prevented you from signing up for coverage, there are ways to receive low cost medical insurance. Some may be subsidies from the government, while others have to do with the type of plan you choose. Speaking with a medical insurance professional is a good idea, as he or she can advise you as to the best path for you to take.

Your first plan for low cost health insurance is to see if you qualify for help from the government. This may be in the form of Medicare or Medicaid, depending on your age and income level. If your income is too high to qualify for subsidy programs, you may qualify for a tax credit, which can help lower your coverage premiums. You can also save money based on the different plan options.

For most people, the least expensive type of healthcare coverage is a major medical, or catastrophic, plan. This tends to have a high deductible, but your monthly premium remains lower. Plus, if you need major medical attention, the plan will cover your costs once your deductible is reached. If you have more medical issues, and you visit the doctor more often, a traditional plan is recommended. There are many diverse options, however, if you want low cost health insurance.

Each plan comes with a deductible amount. Generally speaking, the higher the deductible the lower your premiums will be. You will need to weigh the money you would save in premiums with the amount of money you have to pay before the insurance company will start contributing. There is also a co-insurance amount that you are responsible for in terms of medical costs after the deductible has been met. The higher percentage that you are expected to pay, the lower your premium will be. Because there are so many considerations to keep in mind for low cost medical insurance, it is always smart to use a health insurance consultant to help make the right choice.

If you are reading this on any other blog than JT Insurance Services or via my RSS Feed, it is stolen content without credit.
You can find me on Twitter via @Obamacare_Guru
Come and visit our blog at http://jtinsuranceservices.com/blog/

How to Find Affordable Health Insurance | JT Insurance Services

How to Find Affordable Health Insurance

If you are in the market for affordable health insurance, there are many opportunities to find a plan that fits your needs and budget. Under the Affordable Care Act, many plans may also become more affordable this year, and both private and public plans provide opportunity to make an affordable health insurance plan work for you.

Click here to read the full article for WebMD with tips and more information.