How to Get Cheap Major Medical Insurance in Florida

Health insurance covers the costs of physician, that’s; recommended health care so that consumers do not have to pay large medical bills out pocket. Health insurance became mandatory under the ACA, which covers patient protection (Affordable Care Act) of 2010. Since the ACA was established, health insurance companies started developing more insurance choices for consumers to encourage them to buy their coverage options rather than those of their competitors. It is illegal for different vendors to charge different prices for the same health plans; therefore, finding affordable Florida health insurance is about making sure you have evaluated all your options from the widest possible range of providers. Such as;

  1. Shop around

    The state exchanges set up through the ACA are not the only avenues for finding cheap health insurance. However, you have several other options, and you have nothing to lose by checking out one or all of them. Such as;

    a. Buy direct through insurance companies
    b. Buy through an agent
    c.Buy through an online insurance finder

  1. Know whether you qualify for special programs

Medicare, Medicaid, and CHIP which is the Children’s Health Insurance Program, provide low cost and federally subsidized health care for those who qualify. Medicare are the most well-known of the bunch, is specifically for those over age 65, while Medicaid is meant for those with very low incomes. However, CHIP is meant for children who do not qualify for Medicaid but cannot afford to buy insurance otherwise. The easiest way to determine eligibility is by applying for health plans through your state health insurance exchange.

  1. Make sure COBRA is worth it

The Consolidated Omnibus Budget Reconciliation Act, better known as COBRA, lets one stay on your employer’s insurance plan for up to 18 months when one would otherwise lose coverage, typically because you were laid off. But it’s also a very costly way to stay insured. COBRA can still be advantageous if you need to maintain access to providers who may not be available under other plans.

  1. Consider high-deductible or catastrophic plans

If one does not anticipate using the health plan much, high-deductible plans with lower monthly premiums might be the way to go. Under the ACA, one is eligible for catastrophic plans with low premiums if he/she is under 30 or over 30 and qualifies for a hardship exemption. A catastrophic plan entitles one to three primary care doctors’ visits per year, prescription coverage, and other essential benefits. While you will pay low premiums with a catastrophic or high-deductible plan, experts say only those who are young and in excellent health should consider them and make sure you have a way to meet the high deductible if you need to , otherwise your cheap plan can become very costly if you need care that is not covered.

  1. Be wary of short-term plans

Short-term or temporary health insurance plans are likely to be the cheapest option of all. These plans are also the only option if you are shopping for health coverage outside of open enrollment and do not have a qualifying event that makes you eligible for special enrollment. But before you jump at a short-term plan to save some cash, beware of the pitfalls that come with these bare-bones policies. Visit this site for more information : http://www.alliance321.com/