Self Employment Health Insurance for Those With No Health Insurance

Health insurance is an incredibly important medical service in the United States. The amount it costs for simple procedures is enough to bankrupt most people. When an estimated 50 percent of the uninsured population make less than 200 percent of the federal poverty level—currently, around 24,000 dollars—this is understandable to see why. Many of these people have to decide if they want to insure themselves, or pay off other utilities.

Unlike millions of others who get their health insurance from their employer, you have to choose the one best suited for you. Luckily, there are healthcare providers starting their services at an affordably low price of 150 dollars a month. Insurance Line One wants to ensure everyone has the possibility to acquire this much needed service. After all, the risks going uninsured far outweigh the drawbacks of actually having the service.

Are There Physical Risks Being Uninsured?

Being self-employed, you are free of the restrictions many other companies have. You can create your own schedule and decide what you want to work on. However, stress is a common problem many of these people face. When left untreated it can start to affect your physical health. When stress reaches such uncomfortably high levels you are prone to a heart attack.

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Granted, the mortality rate from heart disease has lowered over the past couple years, and this can be attributed to the advancements in medical research and technology. We’re able to analyze even the minute biopsies and understand what is happening. Stress is one of the triggers for heart attacks, and the price hasn’t fallen like the amount of people falling prey to this disease.

The national average for heart attack recovery ranges from 30,000 dollars to 200,000 dollars. Remember, over 50 percent of the uninsured make less than 24,000 dollars. These charges would bankrupt most people, and being self-employed doesn’t help the stress caused from this price tag. Furthermore, at least 23 percent of the uninsured will push off a visit to the doctor because of the costs. Pushing off treatment for this disease can be one of the last things you do, or it can drastically raise how much you’ll have to spend on rehabilitation.

Although, you might be part of the 20 percent who will delay a needed medical service because you couldn’t afford it at the time. This quickly increases your chances of this traumatic illness being the last thing you experience. However it doesn’t need to be when you are partnered with someone capable of reducing the medical bill by more than half.

The Benefits of Health Insurance

Health insurance is here to help you with your finances. It isn’t meant to bleed you dry of all your money. The main determinant for deciding how much you pay, though, is the type of “metal” chosen. These metals will decide how much you pay in monthly premiums and in out-of-pocket spending. Like the real-world, the more “glamorous” the metal, the more you’ll have to spend for it. Although, as the price for premiums go up so does your assistance rate.

For instance, bronze packages are the least expensive when it comes to monthly premiums—an estimated 388 dollars—but you’ll have up to 60 percent of your medical bill covered. Typically, people are only going to use this for the absolutely necessary, and a heart attack will definitely qualify. This plan will reduce the 30,000 dollar bill to a simple 12,000 dollars. Granted, this might not be the most idyllic number to see. Fortunately, there are still three other “metals” available.

Silver plans are next in line, costing somewhere around 428 dollars a month to have up to 70 percent of your medical bill covered. To have up to 80 percent of your bill waived you’ll need 507 dollars a month for a gold plan. Finally, a platinum service is for people with heavy medical needs and frequently pick-up expensive medication. It’s one of the reasons it costs the most in monthly premiums—an estimated 583 dollars—to have 90 percent of your total bill covered.

A platinum plan will turn the 30,000 dollar bill into an affordable 3,000 dollars. Location is an important aspect of healthcare, because there might be places who will completely cover your charges. Altogether, health insurance will be able to reduce your bill by more than half. Additionally, going uninsured has the possibility to cost you more money were you caught continuing this risky behavior.

The Cost of Going Uninsured

Going uninsured may save you a couple bucks in the beginning, but when you are caught or actually have to see the doctor you will need to pay vastly more than you saved. The government noticed how important health insurance was, which was why the Affordable Care Act was created and implemented in 2010. It lead to millions of people acquiring this much needed service, but it also placed a penalty for those choosing to remain uninsured.

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The worst part is, the government will determine which of the two options you have to pay based on how expensive it is. Currently, you’ll either have to spend 2.5 percent of last year’s annual salary or 695 dollars per person who is uninsured. However, you won’t have this problem since you will be with a noteworthy healthcare provider.

Choosing the Best Health Insurance for the Self-Employed

Finding the best healthcare provider can be difficult to do if you don’t know where or what to look for. To your advantage, Insurance Line One wants to create as many opportunities to ensure you can acquire health insurance; suchlike starting their services at 150 dollars. Furthermore, we’ve also cataloged our list of services into a easily navigable format.

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This prevents any confusion from rising and avoids the nuisance of paying more than you can afford. We even have a year-round open enrollment policy to enable people to take as long as they need to make a decision. You will be able to meticulously analyze what we are offering and choose the best fit for your lifestyle.

 

Sources:

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

https://health.costhelper.com/heart-surgery.html

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

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