When you shop for health insurance, what’s the number one thing you consider before purchasing a plan?
If you answered cost, you’re not alone: a recent GoHealth survey found that the number one thing holding individuals and families back from enrolling in health insurance was affordability.
If you want health insurance coverage that begins as early as January 1, 2018, you’ll want to enroll in health coverage starting on November 1, 2017. This period – known as Open Enrollment – is six weeks shorter this year, which means you have even less time to find an affordable health plan.
Thankfully, GoHealth can help. GoHealth offers a variety of health plans to choose from with free help from our licensed agents. So, what type of plan might be right for you?
If you want to avoid the tax penalty…
Enrolling in a major medical plan is the only way to avoid the tax penalty for going without insurance. Major medical plans are required to cover the 10 essential health benefits under the Affordable Care Act (or Obamacare) for at least a year.
Despite having to pay premiums and having a deductible with a major medical plan, if you anticipate going to the doctor often, this could be your cheapest option for health coverage. Also, if you have a pre-existing condition, the law states that insurers cannot deny you this type of coverage or charge more for a major medical plan.
If you need temporary coverage…
A short-term health plan can range from one to 12 months of coverage. Short-term coverage is ideal for those looking to bridge an insurance gap until they can enroll in a major medical plan, but a short-term plan does not protect you from having to pay the tax penalty. You’ll want to consider your upcoming medical needs and costs before enrolling in a short-term plan.
If you want help affording health care costs…
Health benefit insurance might be right for you. Health benefit insurance plans do not cover pre-existing conditions or the 10 essential health benefits. However, these plans pay a predetermined amount of money for any qualified medical services you might receive. Plus, they are often the most affordable upfront option.
Health benefit insurance plans can also work well with your major medical plan. If you’re worried about health care costs, health benefit insurance plans can help you manage costs that your major medical insurance plan might not cover. And unlike major medical plans, these plans have no deductibles or copays. With a predetermined amount of money available for medical services, you’ll know exactly how much you’ll pay out-of-pocket instead of relying on your health insurance company.
Deciding which type of plan is right for you depends on your personal situation. Are you still unsure which option could be cheapest for you? A GoHealth licensed agent can help you understand your best option over the phone. Call 866-909-0798 to have your questions answered.