Health insurance is something that you should not take for granted if you want to safeguard your health and your finances. If you’re young and relatively healthy, an insurance plan may not be something you think you need right now, but there’s no way of knowing if you will get sick in the future. You can look at health insurance quotes in Las Vegas, which can range from “very cheap” to “very expensive,” but the good news is, there are ways to find affordable health insurance plans.
Charging drastically different prices for the same coverage is illegal, so you’ll be happy to know that finding an affordable plan is all about being able to evaluate all your options from various insurance providers. You should also have a clear idea of what kind of coverage you will need before looking at various plans. To help you, here are a few tips:
- Shop around – It’s now easier than ever to shop for health insurance plans, thanks to the internet. You can easily look up health insurance quotes in your state and contact different insurance companies to know more about their plans. It only takes seconds to get the info you need.
- Buy through an insurance company – Insurance companies have a wider range of plans available. Most of them even have a feature that allows you to compare plans, complete with descriptions and exact details of each coverage.
- Buy through an agent – If you are overwhelmed by the different choices presented to you, approaching an insurance agent will be a huge help. Look for an independent agent, instead of an agent that works for just one company, to help you find and compare different policies from different vendors.
- Check if you qualify for special programs – Medicare, Medicaid, and CHP are several insurance programs that provide low-cost healthcare for those who cannot afford private insurance. Medicare is specifically for senior citizens (over age 65), while Medicaid is for those who have very low income in general.
- Make sure COBRA is worth it – COBRA, or Consolidated Omnibus Budget Reconciliation Act, is a program that lets you stay on your employer’s insurance plan for up to 18 months after being laid off. However, it is not cheap. It can even be more expensive than your usual mid-level coverage.
- Ask for your parents’ help – If you are under 26, you have the option to stay on your parents’ health insurance plan. It’s cheaper than getting your own individual policy.
- Consider high-deductible plans – High-deductible plans with lower monthly premiums are your best option if you think you won’t be needing your health insurance any time soon. If you are under 30 and healthy, you are eligible for this kind of plan.
Consider these tips to help you find affordable health plans.