There was a time when almost every person in the states dreamt of an affordable health insurance plan. This dream came true for the people after the healthcare reform was signed by Barack Obama in 2010. People whose income was between 400% and 100% of the federal poverty level became eligible for the subsidies. Even though this reform came still, many Americans are facing challenges in finding affordable insurance plans. Health insurance premiums depend on the location you live in, the size of your family, and how much money you earn. You should first check around different premium providers and compare their plans regardless of where you fall in the metrics.
Best low-income health insurance
This is the best company for intermediate support. Its stand-out benefits include 24/7 health line access, $0 annual checkups, and an application for your mobile. This company was founded in 1792. It is the oldest insurance company in the world. The areas covered by Cigna are limited nationwide. We’ve put it on our list as they offer excellent benefits for individuals in their employee plans. Customers with Cigna employee coverage get free annual checkups and access to a 24/7 health line where they may call in and have medical questions answered by a nurse. The myCigna application can assist you in keeping a record of your medical services, medical expenses, and health care goals. Employers who choose this option can choose from a range of plans, including those that cover dental, optical, pharmaceutical, and health and fitness. In addition to employee plans, Cigna also offers ACA-compliant insurance in ten states.
UnitedHealthcare was chosen for our list because they provide short-term healthcare coverage whenever you need it. If you’re in between employer-based plans or need temporary coverage for any cause, this sort of plan may be an excellent choice. UnitedHealthcare was formed in 1977, but it has grown significantly since then, serving over 45 million clients. This company also has direct relationships with approximately 1.2 million healthcare providers and physicians in the United States and 6,500 hospitals and medical institutions. UnitedHealthcare is chosen for our list because of its short-term health insurance plans, which assist people in filling the gap among different plans. If you missed the ACA’s open enrollment period and are waiting for insurance to begin or are between jobs, UnitedHealthcare’s short-term insurance may be viable. You can be insured the next day after applying, and you can choose your insurance duration and deductible. If a long-term insurance alternative becomes available, you can also drop your short-term coverage without penalty. Finally, it’s vital to note that UnitedHealthcare’s short-term health insurance plans are guaranteed by Golden Rule Insurance Company, an A financial strength rating from AM Best.
- Molina Healthcare
This insurance is best for people who have a very tight budget. Molina has a history of helping low- income people get health care. Molina does not offer health insurance in every state, but it has a vast network of doctors in its areas. Molina’s premiums are typically less expensive than those of several of its competitors. It also provides wellness services, which can help you save even more money. Discounts on programs to help you lose weight and/or quit smoking are included in these wellness services.
- BlueCross BlueShield
BlueCross BlueShield was established in 1929 and has since grown to provide more excellent healthcare
coverage to people all around the United States. 76% of America’s Fortune 100 companies, 6.9 million people who work for small businesses, 17 million unionized workers, and many others are covered by the corporation. However, we ultimately chose BlueCross BlueShield for our rating because of its choices for remote workers, such as health insurance that works across the country or even internationally. BlueCross BlueShield allows you to get health insurance valid in all 50 states and is widely recognized by specialists and doctors across the country. They also provide insurance through the Affordable Care Act marketplaces, allowing qualified consumers to receive subsidies to help with the cost of their health insurance premiums. You may also purchase global health insurance that covers both short- and long- term travel—both of which are viable options if you can work from home or anywhere in the world.
- Kaiser Permanente
We selected Kaiser Permanente because it offers its own outstanding Health Savings Accounts (HSAs), tax-advantaged ways to save for medical expenses. Kaiser began selling health insurance to the general public in 1945, and it has since grown to become one of the nation’s leading not-for-profit health insurance companies. In addition to Washington, D.C., Kaiser covers more than 12.4 million people in eight states. We chose this provider because they have their own Health Savings Account (HSA) option, which allows you to put money aside for medical costs provided you have an approved plan. When you combine a Kaiser Permanente high deductible health plan (HDHP) with a Health Savings Account (HSA), you’ll get a handy debit card that enables you to pay for eligible expenses with your HSA money instantly and without any additional paperwork. There are no hidden fees with your HSA plan, and you can get the $3.25 monthly plan charge eliminated if you keep your HSA balance at $2,000 or higher. Also, keep in mind that Kaiser may provide ACA-compliant plans in your area, so you might be
able to use any subsidies you receive to lower your costs.
Is it necessary to get health insurance?
Although the federal mandate requiring health insurance has been repealed, several states have passed state-level laws requiring residents to obtain coverage. Health insurance can safeguard your family against catastrophic medical costs and make ordinary medical expenses more predictable, even if it is not required. Get a free quote from one of our top providers right now.
Is it possible to purchase affordable health insurance at any time?
You may be able to obtain short-term health insurance at any time. Still, unless you qualify for a particular enrollment period, plans sold in conjunction with the Affordable Care Act (ACA) can only be acquired during open enrollment. Due to the COVID-19 emergency, the open enrollment period for 2021 has been extended until May 15th, 2021. Any time you add a family member, move to a new coverage region, or experience another eligible life event, you may qualify for a particular enrollment period.
Is Using a Private Health Insurance Company Worth It?
It is critical to saving money on the escalating prices of medical care. Obtaining private insurance accomplishes this. Meeting the ACA income limits is required to make private insurance affordable.