☰ ˟
Agent Appointment  Call Now / 713-227-7283
Logo
  • Home
  • Get a Quote
  • What We Offer
    • Automobile
    • Bonds
    • Business & Commercial
    • Business Owners Policy (BOP)
    • Commercial Auto
    • Dental
    • Earthquake
    • Farm
    • Flood
    • General Liability
    • Health
    • Homeowners
    • Life
    • Limousine
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Trucking
    • Vision
    • Watercraft & Boat
    • Windstorm
    • Workers Compensation
  • Agents
    • Agent Appointment
    • How We Can Help
    • Carrier Appointments
    • Online Payment
    • Get a Quote
  • Policy Service
    • Customer Service Forms
    • Make a Payment
    • Claims
  • Resources
    • View our Blog
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • FAQs
    • Join Our Newsletter
  • About Us
    • About Reliable Insurance Managers Inc
    • Our Locations
    • Employment Opportunities
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact

What can we help you cover!
Bookmark and Share
Home > Blog > How to Get Cheap Health Insurance
WEDNESDAY, DECEMBER 18, 2019

How to Get Cheap Health Insurance

The good news is that as of 2019, there is no longer a penalty for not carrying health insurance. The bad news is that health insurance is still expensive. Finding health insurance can be like a minefield of huge premiums, unreliable coverage and hidden fees. The United Statesimage of health plan example in notebook has some of the most expensive healthcare in the world, and the insurance cost reflects that. Health insurance is expensive because the treatments, branding and wages are expensive.

Apply for Insurance Through Your Workplace

In most cases, health insurance through your employer will be cheaper than purchasing individual health insurance. This is because the employer purchases health insurance which is then spread (cost included) among the employees. Pay close attention to the health insurance plan, however. Some workplaces offer better health insurance coverage than others while some don’t offer it at all. It’s increasingly important to vet your applications and discuss health insurance benefits when considering accepting a job offer. Most businesses offer health insurance for their full-time employees. On average, employees may pay around $1,427 a year for health insurance through an employer (roughly $120 a month.) In comparison, an individual may pay an average of $321 a month for individual health insurance. Families cost a substantial amount more. For stand-alone health insurance for a family of four, you may pay around $833 a month.

This doesn’t mean insurance through work is always the less expensive route, however. Health insurance costs vary per state and depend on what subsidies you’re eligible for. Make sure to run the numbers before signing up for a policy.

Choose a Smaller Plan

There are different types of health insurance coverage that offer a range of coverage at different prices. While it’s important to have the right amount of health insurance, there are ways you can scale down your health insurance coverage until you’re paying manageable premiums. If you choose to pay higher deductibles and co-pays, you will pay a cheaper rate monthly. If you visit the doctor often and want cheaper co-pays, you may want to opt for a higher monthly rate. Your plan should depend on your healthcare needs and financial abilities.

The different types of health insurance are called tiers. The tiers and their average monthly premiums are:

  • Catastrophic. Catastrophic plans cover the basic ACA health benefits. For people younger than 30, a catastrophic plan can lower premiums by having you pay up front costs until you reach an annual deductible. In other words, you pay medical costs out of pocket until you reach a certain amount. Once you do, your plan will pay for the remaining covered healthcare. The monthly rate is around $244.
  • Bronze. Through a higher deductible, you can lower your premiums for basic healthcare on the bronze plan. Its monthly rate is around $329.
  • Silver. If you want a lower deductible and more coverage, you can purchase a silver plan with a more expensive premium. Its monthly rate is around $433.
  • Gold. Though your premiums will be higher with a gold package, your out of pocket cost will be lower. It also provides comprehensive healthcare. The coverage for a gold plan is around $495 a month.
  • Platinum. For the most comprehensive plan and almost no out of pocket costs, you can pay a higher premium for a platinum package. Its monthly rate is around $547.

Apply for Healthcare Subsidies

Visit Healthcare.gov to see if you qualify for a healthcare subsidy. Healthcare subsidies are available for people below the poverty line.

Do heavy research before signing any health insurance policy. Health insurance is about you and your family’s healthcare needs.

Also Read: When Should You Start Shopping for Long-Term Care Insurance?

Posted 11:42 AM

Tags: health
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008

  • insurance(133)
  • texas(93)
  • houston(45)
  • to(44)
  • tips(39)
  • katy(39)
  • safety(29)
  • in(23)
  • for(20)
  • auto insurance(19)
  • insurancepro(19)
  • on(18)
  • auto(15)
  • from(15)
  • health(15)
  • policy(13)
  • home insurance(13)
  • business insurance(13)
  • of(12)
  • savings(11)
  • a(11)
  • agency(10)
  • coverage(10)
  • how(10)
  • car(10)
  • houston auto insurance(9)
  • complaints(9)
  • quoting(8)
  • obama(8)
  • texas department of insurance(8)
  • new(8)
  • reports(7)
  • up(7)
  • house(7)
  • homeowners(7)
  • website(7)
  • state(6)
  • more(6)
  • life insurance(6)
  • the(6)
  • what(6)
  • healthcare(6)
  • after(6)
  • renters insurance(6)
  • your(6)
  • tx(6)
  • ways(6)
  • senate(5)
  • work(5)
  • houston car insurance(5)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Reliable Insurance Managers, Inc.
Call:
713-227-7283
We work for you. As a one-stop agency, we continually search for companies that offer great rates and that are easy to work with. Our staff of proven professionals is committed to providing you with the type of exceptional service you deserve and expect.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder