Benefit of work insurance
Medical emergencies can come from nowhere. Even the healthiest people aren’t immune. The cost of an emergency can pile up quickly. That’s why it’s beneficial to have health insurance to help ease the financial burden. Many employers offer excellent health insurance benefits to make sure you’re able to stay happy and healthy.
Other discount insurance options
For those that have recently lost their job but still want access to the same insurance there’s COBRA. Cobra provides you with access to the same insurance for a price that’s less expensive than you would pay in the open market. Cobra is best utilized for short periods of time between other insurance options due to it’s higher cost
There’s a market for everyone
The Affordable Care Act is an open market that provides you with a wide variety of insurance options at a typically more affordable cost. What’s even better is that In this market you can’t be denied or charged more due to a preexisting condition. There’s an open enrollment period between November 1 – January 15. Even if you miss the open enrollment period there are special exceptions that qualify people for a special 60-day enrollment period.
Coverage everyone qualifies for
If you’re over 65 that means you qualify for Medicare. Medicare is an excellent option that typically covers around 80% of your medical bills. For people that want 100% coverage they can purchase Medigap which accounts for the additional 20% gap. These two policies will provide you protection late into your life.
Shopping for an insurance plan that fits your needs can be daunting. But gambling that you’ll stay healthy and not need insurance is a bet you never need to make.