5 Options for Finding Health Insurance

apple in colander

When an apple a day doesn’t keep the doctor away, this pays.

The time to get insurance is before you need it, but many young adults appear to be betting that they won’t need it, at least for the short term.

By betting that you won’t have a serious illness or severe injury, though, you’re putting your financial security, and that of your loved ones, at risk. According to a recent survey by The Commonwealth Fund, 24 percent of uninsured young adults said they’d had to change their way of life to pay off medical bills.

Explore Your Options

Don’t automatically write off health insurance as out of reach. Check out these possible sources of coverage:

    1. Workplace. Some companies offer insurance as an employee benefit. Consider negotiating for it as part of your compensation package if you’re working part-time or as needed.
    1. Associations. Membership in a trade or social organization may qualify you to buy coverage at group rates.
    1. Parents’ policy. At least 30 states have passed laws that extend the length of time eligible young adults can remain covered as a dependent on a parent’s insurance policy. To learn more, click on this map.
    1. School. If you’re enrolled as a student, you may qualify for health insurance through your college or university.
  1. The marketplace. Insuring one person is riskier than insuring many people, so you’ll pay higher premiums if you buy coverage on your own. And remember, after reviewing your medical history, an insurance company can turn you down if it thinks you’re too great a health risk.

When an apple a day doesn’t keep the doctor away, this pays.

The time to get insurance is before you need it, but many young adults appear to be betting that they won’t need it, at least for the short term.

By betting that you won’t have a serious illness or severe injury, though, you’re putting your financial security, and that of your loved ones, at risk. According to a recent survey by The Commonwealth Fund, 24 percent of uninsured young adults said they’d had to change their way of life to pay off medical bills.

Explore Your Options

Don’t automatically write off health insurance as out of reach. Check out these possible sources of coverage:

    1. Workplace. Some companies offer insurance as an employee benefit. Consider negotiating for it as part of your compensation package if you’re working part-time or as needed.
    1. Associations. Membership in a trade or social organization may qualify you to buy coverage at group rates.
    1. Parents’ policy. At least 30 states have passed laws that extend the length of time eligible young adults can remain covered as a dependent on a parent’s insurance policy. To learn more, click on this map.
    1. School. If you’re enrolled as a student, you may qualify for health insurance through your college or university.
  1. The marketplace. Insuring one person is riskier than insuring many people, so you’ll pay higher premiums if you buy coverage on your own. And remember, after reviewing your medical history, an insurance company can turn you down if it thinks you’re too great a health risk.
Advertisements
This entry was posted in Life Insurance and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s