Typical health insurance coverage is sometimes referred to as major medical insurance. Major medical insurance plans cover all of the essential benefits required by the Affordable Care Act, making them a great option for individuals and families. With a major medical insurance plan, you can avoid a significant portion of health expenses regardless of what occurs throughout the year.
What Is Health Insurance?
Health insurance covers any medical expenses incurred due to illnesses, injuries, or health conditions. With an individual health insurance plan, you must pay for this policy on your own. The purpose of health insurance is to protect you from the unknown, as accidents and health incidents can occur at any time. Medical expenses can be incredibly high without insurance, therefore it is important to have access to insurance if you are injured. Otherwise, an injury can leave you bankrupt.
Cost Of Major Medical Insurance
If you are hoping to purchase a major medical insurance plan, you may qualify for premium tax credits that significantly lower the cost of coverage. These credits can be used to lower your premium costs, and under some circumstances, you may also qualify for cost-sharing reductions.
Insurance plans will also have other costs associated with them, including deductibles, coinsurance, and copayments. Make sure you are aware of all costs before signing up for any individual or family plan.
Shopping For Major Medical Insurance
To compare major medical insurance plans in your area, you can use a local exchange website or the federal Marketplace website. Navigating these sites on your own can be difficult because depending on where you live, there may be a lot of plans to sort through. With the help of an insurance agent, you can compare plans far more easily, so why not call one for help? They will assess your health care needs and evaluate your budget, then suggest a plan that suits your situation best.
Find Qualifying Major Medical Insurance In Your Area
While you are no longer penalized for not maintaining adequate health care coverage, that isn’t a good reason not to enroll in a major medical insurance plan soon. Without coverage, you aren’t protected from the risks of a health crisis. Don’t take that risk, get coverage. Weinstein Wealth Insurance Solutions can help you get started with a free quote.