Affordable Health Insurance

Plans Starting at $150

What is the Average Cost of Health Insurance for a Family of Five?

Insurance Line One understands the high cost of healthcare without insurance. At any given time in the United States, anywhere from 9% to 13% of people are without health insurance. Depending upon your state, you may be responsible for picking up the cost of a hospital stay that can cost as much as $2,271 per day. We are an A+ accredited agency with the BBB and our health insurance plans start at $150 per month. Call today to speak with one of our representatives about setting up a health insurance plan for you and your family of five. 

Children Are Injury Prone

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An estimated 9.2 million children enter the emergency room for non-fatal injuries. These injuries can occur because of a fall, carelessness or surprise. Falls are actually the most common form of non-fatal injury for children under 15 years old. This is understandable since they are both growing stupendously during this period, while also getting acclimated to their growing body. However, this is why health insurance is important for families, especially children.

Children are still in their developmental phases and need to be positively stimulated. This means going out and interacting with other people and getting an education. Playing with other children helps them establish social skills and form emotional bonds. An education will help them survive farther in life, but this won’t be possible if they have to stay home longer than average because of an injury or sickness.

Family Health Insurance Will Save Money

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No one plans on having fluid accumulate in their lungs nor witnessing their child be suddenly harmed. This is why health insurance is important for people in the modern day. Children are less likely to be aware of their surroundings, this is why they are more likely to get injured in a cul-de-sac. Were they to acquire an injury from the accident or from falling down and to break their leg, you’ll be left with a bill of 2,500 dollars. But, this is only if the treatment doesn’t require surgery.

Were your child in need of surgery for their broken leg then the price will soar to 17,500 dollars, minimum. At most, a surgery on a broken leg can reach 35,000; this doesn’t even include the therapy needed after the original treatment. Unfortunately, incredibly few people have 17,500 dollars laying around.

If this happens to you and your family you would have to pay the amount of a family deductible and the year’s amount of monthly premiums in one sitting. However, with the aid of a health insurance company, you wouldn’t be left in financial ruin. Unfortunately, identifying the national average cost of health insurance is nearly impossible since there is such a diverse amount of insurance prices available.

How Does the Affordable Care Act Helps Families?

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Since the passing of the Affordable Care Act (ACT), families have had an easier time to acquire health insurance. Beforehand, families would have to wonder how they were going to pay for all of their children’s insurance. Some of these families would have four or even six children, ensuring these families wouldn’t be able to afford health insurance plans. ACA changed this; families now only have to pay for themselves and three of their oldest children under 21.

John and Jane Doe have four children, but one of them is 22 while the other three is 16, 12 and 10. They still have to pay for all four of their children, but Juan and Juana Doe have four children as well. Unlike John and Jane though, all of their children are under 21, meaning they only have to pay for three children health insurance plans.

ACA also created a cap on how much you, the purchaser of health insurance, can spend on medical bills. Before, it was the opposite and this led many consumers to wonder if health insurance was even worth it since they would still have to pay astronomical prices. Now, the most people have to pay out-of-pocket on a family health insurance plan is 13,700 dollars. Allowing health insurance to become more desirable and accessible for a variety of audiences.

Sources:

https://www.cdc.gov/safechild/child_injury_data.html

https://unityhealth.com/health-insurance-resources/health-insurance-basics/having-no-health-insurance-wisconsin-may-be-costly

http://time.com/money/4098203/uninsured-health-cost-emergency/

https://www.bcbsm.com/index/health-insurance-help/faqs/topics/buying-insurance/family-size-impact-cost.html

https://www.actuary.org/content/drivers-2017-health-insurance-premium-changes-0

https://www.psychologicalscience.org/news/full-frontal-psychology/why-kids-get-hit-by-cars.html

https://www.forbes.com/sites/sap/2012/04/09/the-curse-of-the-cul-de-sac/#a5ce3af7e8ef

Read More on Finding Insurance For Your Family of Five

Average Cost of Health Insurance for a Working Family

Health insurance has become a staple in our society. The astronomically high costs for medical treatments has only escalated this need for them. The problem is, not everyone can afford health insurance. As a matter of fact, out of the estimated 28 million people who are uninsured in the United States, at least 40 percent cite the high prices. This is understandable considering at least half of them don’t make more than 200 percent of the federal poverty level—which presently sits around 24,000 dollars.

However, to choose to remain uninsured is only going to cause you more problems down the line. Fortunately, there are affordable healthcare providers who want to ensure everyone is capable of acquiring this service. Insurance Line One is one of these companies, as they offer services starting as low as 150 dollars. This opens up new opportunities for people who have regularly been shunned away. Nonetheless, the idea of going uninsured is still popular with many Americans, when it shouldn’t be.

Who are the Uninsured?

The United States of America has an uninsured population rate around 8.8 percent. These people are vulnerable to the dangers of medical costs and physical harm. Since 23 percent of the uninsured population will actually delay a visit to the doctor because of the costs, they are only furthering the pain they are experiencing. This will only result in them having to pay for a bigger medical treatment because they didn’t have enough money to actually visit it in time.

Comparably, when people do need a procedure another 20 percent will push off this life-saving service because of the costs. This can be a difference between 30,000 dollars to 200,000 dollars for heart attack recovery. Considering at least 50 percent of the uninsured make less than 24,000 dollars, this would be nearly impossible for them to pay-off. This then causes people to take on more jobs than they can actually fulfill.

75 percent of the uninsured population are working adults or have a household member working full-time. 11 percent of them are part-time workers and 15 percent have no one working at all. Although, over 50 percent of these working adults make less than 24,000 dollars. You might even be one of these million. Taking care of a family doesn’t just involve health insurance coverage. As a family, money goes toward other parts of your life as well; food, gas, housing and even sports equipment for your children.

Is It More Cost-Effective Going Uninsured

The idea of continuing to go uninsured may seem pleasing, but this is only in the hopes you live a careful life and eat a healthy diet. This fails to take into consideration how other people treat themselves or act in the real-world. Accidents and illnesses can happen at random and if you aren’t prepared for it you can end up spending more than your salary in just one visit. Take heart attack recovery as an example.

Rehabilitation from this trauma can cost anywhere from 30,000 dollars to 200,000 dollars. Were you to have health insurance this price would be more than halved. Although, this depends on the type of “metal” you choose. Bronze, silver, gold and platinum are your available options, with each helping you more in out-of-pocket spending as you go higher in “glamour”. However, this comes at a monthly premium.

For instance, bronze packages are typically for people with little medical needs and are only planning for the worst-case scenario. You’ll spend an estimated 388 dollars a month for 60 percent of your bill to be covered. This would turn the 30,000 dollar bill for heart attack recuperation into a fractioned 12,000 dollars. Granted, this may not be the most savory rate you are looking for. Silver plans are next in line, costing an estimated 428 dollars a month to have up to 70 percent of your bill covered.

Gold plans will cost you somewhere around 507 dollars a month and you’ll only have to pay for 30 percent of the total bill. Finally, platinum plans are for those with heavy medical needs, frequently fill our their expensive medication and/or see the ER commonly. You’ll have up to 90 percent of the medical bill covered at an estimated monthly cost of 583 dollars. Using this service for your heart attack bill will drop it down to 20,000 dollars, at most.

Altogether, health insurance will reduce the price by more than half. It’ll also prevent you from gaining mounds of medical debt. The Affordable Care Act also had an influence on how affordable health insurance is these days. One of the most beneficial policies implemented was the out-of-pocket spending cap placed on individuals and families.

Choosing the Best Healthcare Provider

It can be frustrating to find a healthcare provider looking out for your best. Most of the time, health insurance companies hide secret policies to prevent themselves from helping you as much. There have even been reports of people missing application deadlines because there was no advertisement being done when it ended. Fortunately, Insurance Line One wants to change this, which is why they provide you with year-round open enrollment.

You’ll never be denied because you missed the deadline. Lives can start to pick up in speed and you might forget about errands needed to be done. This is why we allow you to take as much time as you need to make a decision. This will also permit you to read our policies as carefully as possible. Additionally, our list of services is meticulously cataloged to ensure easy maneuverability. Rushing into a decision can end up costing you thousands of dollars more in payments. Stay vigilant in your journey for healthcare protection.

Sources:

https://www.kff.org/uninsured/fact-sheet/key-facts-about-the-uninsured-population/

Low Cost Health Insurance for Kids

Protecting your family can be done in all sorts of ways; locks on the house, watching them while play sports and even covering them through health insurance. Health insurance should be one of the biggest factors of your life. The lack of health insurance can create all sorts of financial and even physical problems down the line. Currently, the United States of America has an uninsured rate around 8.8 percent. This is an estimated 28 million men, women and children going vulnerable to calamity.

Going uninsured may seem like a better option of the time. You’re not spending hundreds of dollars every month on a service you might not need. Luckily, there are health insurance companies who offer affordable prices for coverage. Insurance Line One starts their services as low as 150 dollars to open up more possibilities for those lacking this service. Acquiring affordable health insurance is an important service no matter what, but children need it the most.

How Healthy are Children?

The most cited reason for people remaining uninsured is the cost. 40 percent of the uninsured actually cite this reason and it’s understandable to see why when you start looking at who’s uninsured. Within the uninsured population about 50 percent say they make less than 200 percent of the federal poverty level—which currently sits around 24,000 dollars. Furthermore, the uninsured rate for children is around 5 percent. Granted, this is the lowest it’s been for awhile, but it doesn’t change the fact there are still thousands uncovered.

Going uninsured is based on the idea health insurance is too expensive, but it can be more detrimental were you to continue this practice. When you are uninsured you are more likely to delay a visit to the doctor because of the high costs. 23 percent of the uninsured do, and another 20 percent will delay a needed medical treatment because they just couldn’t afford it. Additionally, 40 percent of the uninsured don’t have a regular source of care. This makes it harder to receive treatment for a flu or injury.

The children who are uninsured actually receive a welfare check with much less frequency than those who are insured. This can cause the child to develop an illness with the capacity to continuously grow until it’s a major infection. Your child won’t just suffer physically, but they will be deprived of an education as well. You’ll need to keep them home for a longer time because you don’t make enough money to see a doctor. When you do see the doctor the bill can be astronomically high. This is especially prevalent with children who enjoy playing sports.

Children and Sports

An estimated 1.6 million children visit the hospital each year because of sports or sports-related activity. Children love to play and get exercise in ways they find fun. Children also love to push their boundaries to see how strong they are in certain categories. Basketball and football are actually the most common sports to be injured in. This can be due to a variety of reasons; football is an all contact sport with people weighing up to 300 pounds; basketball is an up-close sport but doesn’t have any protection while you play.

The most frequent injuries from these sports is a broken or fractured wrist, finger or arm. To treat this type of injury you need to go to the doctor for medical care. However, going to a doctor can cost you a low-end estimation of 2,500 dollars. This doesn’t even include the use of surgery, which will shoot the price up to an estimated 16,000 dollars. Considering how much of the uninsured population make less than 24,000 dollars and half of that make 12,000 dollars, most of the uninsured wouldn’t be able to afford this for years. Although, were you to have health insurance this price would be more than halved.

How Will Health Insurance Help My Family and I?

Choosing to obtain health insurance isn’t just a secure financial decision but it will allow your family to regularly get check-ups. Seeing a doctor regularly for check-ups will prevent any illness from occuring. They’ll also be able to let you know how to treat injuries were your child to get injured on the field. Although, the main benefit of health insurance is the assistance you’ll receive on your medical bill. To determine how much you pay a month and on out-of-pocket spending you’ll need to decide on a type of “metal”.

Bronze is your first option, and it’s usually reserved for people who are looking to spend the least amount of money on monthly premiums. They will also use it for worst-case scenarios only, which is why you’ll have an assistance rate around 60 percent. However you’ll need to spend an estimated 388 dollars a month. Silver plans are next in line, costing around 428 dollars a month to have up to 70 percent of your bill covered.

Gold packages will help you with up 80 percent of the medical bill, but you’ll need to spend around 507 dollars a month. Finally, platinum services are for people with heavy medical needs, expensive medicine and/or frequently visit the doctor. It’s why you’ll have to spend around 583 dollars to have an assistance rate of 90 percent. Altogether this will reduce your total bill by more than half. This can turn the 16,000 dollar bill into a measly 1,600 dollars.

Picking the Best Healthcare Provider

Choosing the right healthcare provider can be difficult considering how many of these companies exist. Some of them will offer a great monthly premium, but the benefits aren’t exactly what you want. Others may offer stupendous benefits, but cost too much. Thankfully, Insurance Line One does both. Providing you with services as low as 150 dollars, it ensures most people will be able to afford this.

Not only that, but we have carefully organized our list of indexes into an easily maneuverable list. You shouldn’t be confused when you are trying to decide what kind of service package you want. This is going to be determining who you see and for how much, it’s vital you can comprehend what is being given to you. You don’t want to spend thousands of dollars more because of a small err on your part. Insurance Line One offers year-round open enrollment to ensure this doesn’t happen to you.

Sources:

https://www.kff.org/medicaid/issue-brief/key-issues-in-childrens-health-coverage/

https://www.kff.org/uninsured/fact-sheet/key-facts-about-the-uninsured-population/

https://www.cnbc.com/2018/09/12/rates-of-uninsured-in-us-hold-steady-at-historic-low-8point8-percent.html

Average Cost of Cheap Family Health Insurance

There is an estimated 28 million people who are uninsured, this is around 8.8 percent of our population. These men, women and children are vulnerable to the dangerous world of medical financing. Health insurance has become a staple in our country because of how high medical treatments are these days. Considering at least half of the population make less than 200 percent of the federal poverty level—which is currently around 24,000 dollars—many of them would not be able to pay off their medical debt for years.

 The federal poverty level was originally created by President Lyndon B. Johnson to determine who can qualify for government assistance programs. Currently, 100 percent of the federal poverty level sits around 12,400 dollars. Today, the federal poverty level identifies who can apply for financial assistance when it comes to medical programs, like, medicaid, medicare, CHIP, and more.

Leaving these bills to sit and fester will only increase the amount of medical debt you will be in. However, with the help of health insurance you will be able to fraction the bill. Luckily, there are health insurance companies who are offering affordable prices for their service. Insurance Line One starts their services around 150 dollars a month. This will create an opening for thousands of people to acquire this needed service. After all, going uninsured is much riskier than having coverage.

How Will Health Insurance Help My Family?

As parents, your goal is keep your children safe. Your ultimate goal is to keep everyone in your family safe, but going uninsured may be risking your family’s safety. It’s understandable to not see the benefits in health insurance, but there are a variety of them capable of making your life easier. One of them is how they will reduce your bill by more than half, specifically, between 60 and 90 percent. However, the rest of the bill is paid out-of-pocket.

When you sign up with a health insurance company there is a couple of things involved with your money. You’ll be given a coinsurance rate, which determines how much the provider pays and what you pay. What ever you pay comes out of your wallet, it’s your personal money being spent. This is called out-of-pocket spending, and it relies heavily on the type of “metal” being chosen.

 

To identify how much you’ll pay in monthly premiums and how much you’ll save on out-of-pocket spending, you need to pick a type of “metal”. Bronze, silver, gold and platinum are your available options. Just like in real-life, the more glamorous the “metal” the more you’ll have to spend on it, but you’ll also receive a smaller deductible and higher financial assistance.

For instance, bronze plans are reserved for people who want to spend the least amount of money a month, but are still prepared for the worst-case scenario. People typically pay around 388 dollars a month to have up to 60 percent of the bill covered. Granted, not everyone will want to choose such a low rate, when there are others helping you more. Silver plans are next in line and cost around 428 dollars to have an assistance rate of 70 percent. Gold services help people with 80 percent of the total medical cost, but you’ll need to spend around 507 dollars a month for it. Finally, platinum services are for those with heavy medical needs, athletes, or someone who frequents the doctor regularly.

You’ll be able to have up to 90 percent of your total bill covered, but at a monthly premium around 583 dollars. Altogether, this will reduce the price by more than half. Considering children love to test their physical limits, this one might be the best for a family—especially a family with an athlete. Basketball and football are two of most popular sports around, but they also happen to be the sports with the most amount of injuries. The most popular injury is a broken wrist, hand or arm.

Recovering from an injured can cost you a low-end estimate of 2,500 dollars. This is excluding the use of surgery, though, which can shoot the price up to 16,000 dollars. However, were you in a partnership with a reputable health insurance organization, then you can have the 2,500 dollar bill drop down to 250 dollars. Even the 16,000 dollar bill for arm rehabilitation will drop to a reasonable 1,600 dollars. Fortunately, a lot of this is possible because of the passing of the Affordable Care Act.

Did the Affordable Care Act Help My Family?

The Affordable Care Act was implemented in 2010 and it led to various policies helping people. One of the most prominent ones for families is the amount of children you can have insured for a reasonable price. Before, families with more than three children were suffering trying to keep everyone protected. Now, families with more than three children will only have to pay for the three oldest—as long as they are under the age of 20, though.

For instance, Juan and Juanita Doe have five children, all of them are under the age of 20. This means, Juan and Juanita will have to pay for themselves and their three oldest, while the last two are added at no additional charge. Children will even be able to stay on the plan until they are 26 years of age. This way, they can still have coverage and save some money.

The Most Affordable Family Health Insurance on the Marketplace

Deciding on a health insurance plan is an arduous task to accomplish. You have to consider all the variables involved, such as; lifestyle, finances and family concerns. Thankfully, there is a health insurance company who wants to make this process much easier. Not only does Insurance Line One offer services as low as 150 dollars, but they’ve carefully cataloged their list of services so it can be easily understood.

Trying to rush into a decision can cost you thousands of dollars more than you can afford. Being carefully about your decision making will ease your mind in the long-run. To encourage a meticulous search, we provide you with year-round open enrollment. It’s understandable to forget about deadlines, but it’s not fair to be penalized for it. Especially when the service needed can determine if you go into bankruptcy or not.

Sources:

https://www.cnbc.com/2018/09/12/rates-of-uninsured-in-us-hold-steady-at-historic-low-8point8-percent.html

Average Cost of Health Insurance for Self-Employed Family

Running a business can be hard, especially if you are self-employed. Being self-employed means you are receiving an income but you have no employees under you. Contract workers and freelancers do not count as employees. The best way to determine if you have employees or not is whether or not you fill out their W-2 forms. Employees are almost always required to have this form, and if they don’t they are most likely not your employee.

One of the biggest concerns for small businesses and bigger businesses is the cost of covering other people’s healthcare. Most consider the taxes and amount being taken out of their profits as a waste of money. However, being self-employed allows you to find health insurance in the marketplace. Although, there are many companies offering astronomically high prices. It’s one of the reasons why over 40 percent of the uninsured population continue to remain uninsured.

Despite this problem, there are health insurance companies with the desire of insuring you with the most affordable packaging. Insurance Line One starts their services out around 150 dollars a month. Considering what the national average cost for families to receive coverage is much higher than this, it might be your best option to choose from. Although, learning about the costs and where the money goes to will help justify this much needed service.

What’s the Cost of Insuring a Family of Four?

In the United States, the average amount of money a family of four will pay on healthcare is around 28,000 dollars. 31 percent goes toward healthcare expenditures; 17 percent is using the pharmacy; physician servicing makes up 29 percent of costs; 19 percent is for outpatient services and, finally, 9 percent is for other services, such as home care or the ambulance trip to the hospital.

Within the national uninsured population of 8.8 percent, around 50 percent of these people make less than 200 percent of the federal poverty level—which is around 24,000 dollars, presently. Having to pay off these expenses can bankrupt more than half of the uninsured population, let alone all of them. However, with the assistance of a health insurance provider these costs will be more than halved. This is usually determined by the type of “metal” you choose; bronze, silver, gold and platinum.

As you go up in glamour with these “metals”, you’ll end up paying more in monthly premiums, but you’ll save more in out-of-pocket spending. For instance, bronze packages are averaging around 388 dollars a month, but it’ll help you with up 60 percent of the total costs. Typically, people with low finances or are only planning for the worst-case scenario choose this plan. Fortunately, were you to want a smaller coinsurance rate, you still have silver, gold and platinum.

Silver plans will cost you around 428 dollars a month to have 70 percent paid off. For an 80 percent assistance on your bill, you should look at gold plans, which will cost around 507 dollars a month. Finally, people with heavy medical needs or have expensive prescriptions should choose a platinum plan. You’ll have 90 percent of your total medical bill paid off for an estimated monthly cost of 583 dollars. Altogether, in the end of it all, you’ll end up having to pay for a fraction of your original bill because of your coverage. Although, being self-employed doesn’t mean you can’t use your partner’s work health insurance.

What if My Partner has Coverage Through Their Employer?

Thousands of people are linked to their partner’s health insurance plan, sponsored by their employer. Were you to be one of these thousand then you will no longer be able to apply for subsidies for an insurance plan. This is because you are choosing to turn away a package being offered to you, instead of being in need of one. However, you can still look around on the marketplace for a package suitable for you.

How Will Health Insurance Help my Family?

No one wants to go to the hospital, which is why many of us eat a healthy diet and stay in shape. However, accidents and illnesses can suddenly appear and being unprepared can cost you thousands of dollars. Considering you have two children, you probably know how energetic they are and their ability to injure themselves over fun activities. As a matter of fact, millions of children play sports every year. This is also why an estimated 1.6 million children go to the hospital for sports or sports-related activity.

The two most common sports to play are basketball and football, but these also happen to be the most popular sports for injuries to arise. Within these injuries, a broken wrist, finger or arm are the most frequent. This can cost you an estimated 2,500 dollars were you to need treatment. However, this doesn’t include surgery, which will shoot the price up to an estimated 16,000 dollars. Were you to have health insurance this bill would drop down to a simple 250 and 1,600 dollars, respectively, on a platinum plan. Health insurance is here to ensure you keep as much of your assets as possible during this traumatic period.

Health Insurance for a Self-Employed Family

Finding a healthcare provider perfect for you and your family can be a difficult process to accomplish. There are countless companies telling you the same thing, but never being able to fully follow through. Insurance Line One wants to change this and create an environment where reaching out to your healthcare provider is a pleasurable experience, instead of a headache-inducing one. It’s one of the reasons why we carefully catalog all of our services in a simplified index for you to read.

After all, this is going to be determining who you see and how much you pay them per visit, it’s vital you know every aspect to prevent confusion or financial distress later on. As a matter of fact, you’ll be able to take as much time as you need to make a decision. Through our year-round open enrollment program you will be able to take as much time as you need to identify the right choice. We understand people live hectic lives, it’s only natural we forget some things along the way. Nonetheless, choosing to remain uninsured will not help you in the long-run, but only make things worse.

Sources:

https://www.kff.org/uninsured/fact-sheet/key-facts-about-the-uninsured-population/

https://www.beckershospitalreview.com/finance/28k-the-average-price-healthcare-will-cost-a-family-of-4-in-2018.html

https://www.peoplekeep.com/blog/affordable-care-act-policy-costs-up-in-2017

https://health.costhelper.com/broken-arm.htm

How Long Can Kids Stay on Parents Health Insurance?

As a parent there is a lot on your plate. You have to make sure your family is safe from any potential threats, as well as provide them with a comfortable life. This is usually done by living in nicer areas and making sure your children don’t do anything reckless unsupervised. Taking into account how much children love to test their boundaries, it’s important to be prepared for any unforeseen negative results occurring because of this.

At least 40 percent cite the high costs of health insurance as the main reason they continue to go uninsured. This is understandable when you consider at least 50 percent of the uninsured population makes less than 200 percent of the federal poverty level—which currently sits around 24,000 dollars. Fortunately, there are health insurance companies offering affordable prices for family health insurance. Insurance Line One starts their services at a low price of 150 dollars. Additionally, the passing of the Affordable Care Act led to various benefits, but with some drawbacks.

How did the Affordable Care Act Help Families?

Health insurance has become a necessity in the past couple decades. This can be attributed to the rising medical costs for treatment. As a matter of fact, at least 23 percent of the uninsured population delay a trip to the doctor because of how expensive it can get. The government took notice to this and created the Affordable Care Act (ACA). The implementation of this bill led to a lower uninsured rate and happier lives. Currently, the United States has an uninsured rate around 8.8 percent, or an estimated 28 million men, women and children are unprotected.

ACA created incentives for people to acquire coverage. It placed a cap on how much you will spend out-of-pocket each year. Families have a cap placed around 14,700 dollars, while individuals will only have to pay around 7,350 dollars a year. The bill also implemented a new policy allowing large families to insure everyone, but at a reasonable price. Before, families with more than three children and living under 200 percent of the federal poverty level had to analyze, which of their utilities were important and which weren’t. This created all sorts of financial problems.

Now, families with more than three children will be allowed to have the rest of their children covered as long as they are under the age of 20. For instance, John and Jane Doe have five children altogether. However, their oldest just turned 21, which means they have to pay for him as an adult. Altogether, they’ll have to pay for themselves, their 21-year-old and their next three oldest, while their fifth youngest is added at no additional charge.

Furthermore, you will be able to keep your 21-year-old on your health insurance plan until they’re 26. Once they turn 26 they can no longer be on your plan. It’s understandable for many people to remain on their family’s plan for awhile, health insurance can be costly. However, choosing to remain uninsured can be detrimental to your finances.

The Cost of Going Uninsured

ACA didn’t just enact positive benefits, it also placed a penalty for those who continue to remain uninsured. Choosing to go uninsured isn’t the safest bet. It doesn’t matter how clean of a diet you have or how careful you are outside, accidents and illnesses can happen at random. It’s one of the reasons why you should remain vigilant when it comes to acquiring health insurance.

Depending on your financial status you will have to pay, either, 2.5 percent of last year’s annual salary or 695 dollars per person uninsured. The worst part is, you don’t get to decide what you pay, the government will pick the most expensive option of the two. Fortunately, you will be with a trusted healthcare provider by then.

Will I Save Money Going Uninsured?

Many people believe they will save money were they to ignore the benefits health insurance has to offer. However, this type of thinking will only lead to financial ruin. As a family, your goal is to protect them from outside dangers. This includes possible financial threats, which only increases since you are uninsured. The average cost of recovery from a broken arm is 2,500 dollars, but this is excluding surgery.

Including surgery into this bill will shoot the price up to 16,000 dollars. However, a partnership with a trustworthy healthcare provider will fraction the costs you’ll have to pay. As a matter of fact, health insurance can drop your price anywhere between 60 to 90 percent. This relies on the type of “metal” you choose; bronze, silver, gold and platinum are your options.

Bronze is first in line for available “metals” and it is usually reserved for those with little to no health problems and are only planning for the worst-case scenario. It’s why you’ll receive an assistance rate of around 60 percent off your medical bill. Silver is next in line, with it helping up to 70 percent of the costs. Gold plans are for people with bigger medical needs, but you’ll have up to 80 percent of your bill covered. Finally, platinum services help with 90 percent of the bill, but it will cost the most in monthly premiums.

Choosing the Right Healthcare Provider

It can be frustrating to decide on a healthcare provider since there is such a large amount of them in the world. Many have been reported to contain hidden policies capable of preventing them from assisting you as much. This unfair practice leads thousands of people to pay more money than they can afford. Insurance Line One is one of a few providers who want to change this. Not only do they offer services starting as low as 150 dollars, but they’ll provide you with a well-articulated index of available services.

Having it unorganized can be difficult for you to understand, which is why we have carefully organized them to ensure complete comprehension. Through our year-round open enrollment you’ll be able to take as much time as you need to decide on a service package. Making a rushed decision can lead you into paying thousands of dollars more than you should. Meticulously reading what we have ready for you to consume will secure your financial position. After all, this is going to be determining how much you pay and who you see, it’s vital you confirm it’s the right package for you and your family.

Sources:

https://www.healthleadersmedia.com/strategy/trumps-first-year-nations-uninsured-rate-unchanged

https://www.healthcare.gov/glossary/out-of-pocket-maximum-limit/

https://www.healthinsurance.org/faqs/ive-heard-that-policies-in-the-exchange-only-charge-for-a-maximum-of-three-children-on-a-family-plan-is-this-true/

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  • We can provide affordable health insurance in all 50 states.
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