The numbers of uninsured individuals and families in the United States are alarmingly high. Especially with the prevailing economic challenges and the rising rate of joblessness, people are finding it more and more difficult to maintain their health insurance. In such a situation, it is advisable to look for affordable health insurance options, especially for low-income families that cannot pay high premium costs.
Some of the most popular low-cost health insurance options are listed as follows:
1. COBRA: This could be the most affordable health insurance option for many people. COBRA (Consolidated Omnibus Budget Reconciliation Act) can help such people who lose their employment but may be able to continue to avail of their previous employer’s group health insurance. Even for students who are going away to college, they can continue with their parents’ insurance policy through COBRA.
2. Worker’s Compensation Insurance: Before looking for other options for your health coverage, you must find out whether you are provided coverage under the state Worker’s Compensation plan. If you are undergoing any medical treatment due to an injury or medical condition caused due to your work, you have the right to receive medical treatment through your employer under the Worker’s Compensation program.
3. Medicaid: Many people ignore this affordable option merely due to lack of information. Some people think that they are not eligible for Medicaid if they lose their job. But in fact Medicaid is meant for the help of all low-income families and individuals. The eligibility conditions are different for each state. Even if you have a job, but you cannot afford expensive medical insurance, you may first find out whether your children can be still be eligible for Medicaid.
4. Medicare: This facility is provided from the government for older people in low-income groups. It is administered under the Social Security Administration, and even if you may be drawing social security disability benefits, you can still be eligible for this insurance if you are above sixty-five years of age or older.
5. Private family insurance plans for low-income groups: If you are not eligible under any government schemes, you may still consider various affordable health insurance options with private insurers that are designed specially for low-income families.
Getting affordable health insurance is a wise step, for it provides the basic health and financial security for the whole family. It proves cheaper in the long run to go for affordable health insurance when it pays for the health related costs of you and your family.
Bizymoms has been providing advice and information to women for over a decade. Now, Bizymoms has partnered with
Health Insurance Denver Co based Trinity Insurance to bring women and their families affordable
Health Insurance.
