Health insurance is an important medical service, today. Without it you will end up spending hundreds, maybe even thousands of dollars for a simple procedure. An average doctor’s visit will cost you an estimated 150 dollars to 200 dollars. This is excluding the other tests they might need to perform or your stay in the hospital. These will only increase the price of your medical bill when you check-out. However, with health insurance on your side paying off these costs will be incredibly easier.
Granted, with at least 50 percent of the uninsured population making less than 200 percent of the federal poverty level—which is 24,000 dollars, at the moment—many can’t see the benefits of this endeavor. Luckily, Insurance Line One provides services at a low price of 150 dollars a month. Understandably, without a proper knowledge of health insurance many won’t see why this service is important.
Before you start looking for health insurance you first need to identify what type of health insurance you qualify for. Being self-employed changes the types of health insurance you qualify for. As a matter of fact, self-employed health insurance packages create more opportunities for you to save money on health insurance. However, you first need to establish if you are self-employed or a small business, and what type of self-employed you are.
The easiest way to identify the difference between being self-employed and a small business is how many employees exist in the company. Being able to pocket all the revenue makes you self-employed. But, as soon as you add another employee—either, an employee or employer—makes you a small business in the eyes of many healthcare providers. This will cut out any of the benefits self-employed packages contain.
Furthermore, if you are the only one in the company and you can’t tell the difference between yourself and your business then you are a self-proprietorship. You are responsible for all the finances and take in all the revenue, however, you can also develop a hefty amount of debt were you to go under. Being uninsured will only make this worse because it will compound your financial debt with medical debt.
63 percent of the uninsured population are actually worried about not being able to pay their bills. Ignoring these bills will only make things worse, because they can send your unpaid charges to collections. Medical collections is no different than regular collections, so once it’s there it’s nearly impossible to fix your credit score. This is why Limited Liability Companies (LLC) exist.
Those who are self-employed usually turn to this route to protect their assets from financial instability. It’s the same way health insurance works. Health insurance is only here to save as much of your money as possibly during a traumatic time. Freelance workers are the opposite in their financial security. They control every aspect of the business and can typically do what they want. However, they also need to be aware of how much they make and how much goes toward healthcare. This is why you need to be able to understand the various aspects going into health insurance.
Health insurance can be a confusing service to completely understand. You need to provide them with how much you make, who is the plan covering, what type of service you want and even which “metal” suits your lifestyle. Thankfully, the main factor you need to know is how the “metals” affect your life. These “metals” determine how much you spend in monthly premiums and out-of-pocket spending.
There are four options for you to choose from; bronze, silver, gold and platinum. As you go in up “glamour” you’ll also end up spending more in monthly premiums, but less out-of-pocket. For instance, bronze packages are typically for people who want to save the most money and are only planning for the worst-case scenario. It’s why they’ll have up to 60 percent of their bill covered for a monthly premium around 388 dollars.
Granted, you might want a step-up in your assistance rate; this is when silver plans arrive. Silver is the much more popular option, because it’s a decent amount for most people’s lifestyles. You’ll need to spend an estimated 428 dollars every month to have up to 70 percent of your bill covered. To have 80 percent of the medical charges fulfilled, you’ll need to spend an average of 507 dollars a month.
Finally, platinum services are for those with heavy medical needs. It’s one of the reasons why you’ll have up to 90 percent of your medical costs covered, but you’ll need to spend an estimated 583 dollars a month. Algother, health insurance will be able to reduce your complete medical bill by more than half. Additionally, going uninsured has many problems of its own people don’t think about.
Health insurance isn’t here to bleed you dry, but give you a support system to get the treatment you need. It’s why at least 45 percent of the uninsured population doesn’t have a usual source of care. Even if they do have a place to go 23 percent of the uninsured will delay a visit to the doctor because of the costs. Another 20 percent will push off a needed medical service because they couldn’t afford it.
This can turn a simple common cold into pneumonia if left untreated for to long. Pneumonia itself has been found to cost anywhere from 2,000 dollars to 30,000 dollars. Nonetheless, health insurance will be able to drop it down to a measly 200 dollars. Insurance Line One doesn’t just provide you with truly affordable rates, we’ve also carefully organized our list of services into a easy to read format.
This prevents any confusion from arising, which can result in your spending hundreds, maybe even thousands more than you need to. Additionally, you’ll be able to take as much time as you need through our year-round open enrollment policy. Running a business by yourself can be headache-inducing, which is why we want to create as many possibilities for you to succeed. No one should be denied coverage because they didn’t know a deadline existed, or because their work life got ahead of them.
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I have to say, I called insurance line one yesterday, they took care of me right away, I felt good , and I recommend this company to anyone who needs health insurance, auto , life or commercial insurance. #great prices. #great rates #thanks again