The options to obtain health insurance will be to get it through your employer, buy an insurance plan through your state (state exchange), get enrolled in your state’s Medicaid program (if you are below poverty line or unemployed) or face the penalty of being uninsured. If you are an older citizen, you may be eligible for Medicare. If you are 30 and under however, you have two other options: stay on your parent’s health insurance plan until you are 26 or buy a catastrophic health insurance plan.
Catastrophic Health Insurance plans have been designed to help during emergencies; such as: accidents, serious illnesses, and hospitalizations. These plans usually do not cover regular doctor’s checkups or presc
Beginning in 2014, the Affordable Care Act or typically referred to as Obamacare, will require that all United States citizens obtain health insurance or face a tax penalty.
ription medicines. In general, catastrophic insurance premiums tend to cost less than other types of health insurance plans, but the yearly deductibles are usually higher. In other words, you will have to pay the first several thousand dollars out of pocket, then the insurance company will help pay for remaining medical bills.
In general, this coverage has proved to be a decent option for young healthy people, but beginning in 2014 you will only be able to buy these plans if you are younger than 30 years old. This is mandated by Obamacare. This catastrophic plan will include three annual visits to the doctor, as well as some prevention benefits. The exact price on this plan is still pending, since it will be state specific.
This is one of many big changes coming up regarding our health care system! Until 2014, you still have the option of catastrophic health insurance or a high deductible health plan regardless of your age.
You may not have the option of catastrophic insurance next year, but you do now. Go to your state run or federally run insurance marketplace frequently called Exchanges. Find out what the cost will be for you. Also, compare the costs with privately owned insurance companies found online or in your community.