A health insurance typically covers the cost for surgical procedures, medicines and sometimes even normal consultations. In case of an injury or an illness, your health insurance provider will reimburse the expense according to your coverage.
How to get Health Insurance?
The general idea behind getting health insurance remains the same as any other insurance policy: Pay the premium and get the coverage. However, where things tend to get mixed up is when you’re searching for the right insurance providers.
If you’re confused about how you could find the best insurance companies, then you can also check the detailed reviews on our site to make an informed decision. Apart from that, consulting a professional insurance agent or broker who could further guide you is always a sound strategy.
Regardless of the option you choose, make sure that before you apply for health insurance, the policy you purchase actually covers the medical costs that you have in mind. Far too many people make the mistake of not carefully going over their coverage which in result, nullifies their claims in dire situations.
How Much Does Health Insurance Cost?
How much is health insurance? The answer to this question usually depends on the company you’re purchasing the policy from. However, to give a rough estimate, in a data gathered by AARP in 2020, on average, an individual needs to pay anywhere around $388 per month.
Although this may sound expensive to some people, how health insurance can cushion your finances in disastrous situations, it is certainly worth the investment.
Keep in mind that while you’re taking health insurance quotes, make sure to properly communicate your requirements with the insurance company or the agent to get a clearer estimate.
How to find a Cheap Health Insurance
If you’re on a tight budget and are looking for a cheap health insurance plan, then do not worry. Here are two ways you can find the best leads:
1) Contact Agents and Brokers
There are thousands of health insurance companies in the U.S. So taking insurance quotes from each of them is certainly out of the question. What you can do instead is to contact insurance agents and brokers. You can let them know your budget, and leave the rest on them. It wouldn’t take long for them to dig up a plan that is within your budget with the help of their market connections.
2) Browse Online
If nothing works out, then the internet never disappoints. Rather than calling every company one by one from your phone list, you can check the list of the best insurance companies on our site and then get a quote from them to save yourself the hassle.
How to Find the Best Health Insurance Providers?
With so many insurance companies out there, finding the best health insurance providers may be a bit tedious. After all, each of them has different pricing structures, and policies.Usually, you need to start from evaluating your needs. As every company offers different policies, you need to check whether the policy you’re looking into, checks the criteria for your requirements or not. Other than that, if you know anyone in your circle who has recently purchased health insurance, then it’s also worth asking them for recommendations.
How Long do you Have Health Insurance After Leaving a Job
Although not many of us like the idea of routine life, one cannot deny that jobs come with their fair share of benefits. One of the biggest perks of doing a job is that the majority of employers also offer free health insurance to their employees.
But how long do you have health insurance after leaving a job? Well, with The Consolidated Omnibus Budget Reconciliation Act (COBRA), you can keep your health insurance for around 18 months given that you’re ready to pay the premium along with the administrative fee.
If you do not want to involve yourself in the hassle of searching for a new health insurance provider, then this does not sound like a bad deal. Moreover, you get around 60 days to enrol in COBRA after quitting the job before your insurance ends.
In today’s world, health insurance has become a must, especially if you frequently deal with health problems. Healthcare facilities charge a hefty fee nowadays and before you know it, you might be exhausting your savings or even taking loans to pay the medical bills. In such situations, health insurance can be one of the best ways to mitigate the financial burden.
After reading this article, we now hope you have a clear understanding of the basics of health insurance, and will easily be able to find an insurance provider who can meet your requirements. And if you want to find more information about insurances, have a look at our insurance guide.