In the United States, paying your health expenses can give you an absolute hard time. It is not just expensive but in fact, it is extremely expensive when it comes to paying your hospital bill. Ever wondered why it costs you thousands of dollars in the US to just have your health checked up?
There are several reasons why health expenses are too costly in the USA. One of the main reasons is 8% of the dollars gathered from health care of public accounts for the administrative cost. While the other most of the countries only have it ranging from 1% to 3%. Another reason is the highly-priced drugs also cause the health bills to increase profoundly. Moreover, the salaries of doctors and nurses are pretty high and the high salary of the physicians is compensated by making the public pay abundant money for their health expenses.
But thinking logically, it doesn't make sense at all to increase the health expenses for the public to make up for something else. But it is what it is.
Though it is not beneficial for the public, it is extremely beneficial for insurance companies as people would want to pay for insurance for unforeseen health problems that might arise in the future. It sounds like the public is being sandwiched between the high rates of health expenses set by the government and the insurance companies charging hundreds and thousands of dollars for the insurance.
If you do not want to have insurance and still be able to pay for unforeseen health issues then, here is a trick. Instead of paying money for insurance, you can start saving your money for your health insurance yourself. Just create a new bank account and start saving all the amount as well as the additional amount that you pay for insurance companies like premium on your own. In the end, you might have some extra money saved even if you pay for your hospital bills.
As of the beginning of 2019, it is no longer obligatory for the public to have health insurance from the federal government. But in the United States, federal law is not everything, instead, each state has its own rules and regulations. Some states still require the public to have health insurance or you will be charged a tax penalty for not having health insurance. A few of those states are Massachusetts, Vermont, DC, California, etc.
Related: Useful Websites of US Government
If you want to avoid the tax penalties or just feel safe to have insurance then, below you can find the insurance companies that can offer insurance for a more affordable price.
Cheapest Health Insurance Plans
Medicaid offers low prices insurance to more than 72.5 million people in America. It is the largest health insurance provider in the United States in terms of the number of people served. It offers health insurance for people with disabilities, pregnant women, children, and aged people.
Though Medicaid is cheaper than another plethora of health insurance, there are some requirements that you must go through to be eligible to apply for it. Some of those requirements are:
Non-Financial Eligibility: You must be either citizen of the United States or a lawful permanent resident.
Financial eligibility: Financial eligibility is based on Modified Adjusted Gross Income (MAGI). IT is eligible for most children, pregnant women, parents, and adults. MAGI considers some individuals exempt from this requirement. It is exempt from the ones having blindness, disability, or age (65 and older).
Effective Date of Coverage: Once you apply, the insurance is valid from the date you submitted the application or the first day of the month of application.
Affordable Care Act (ACA) or ObamaCare was signed by former President Barack Obama in 2010 for providing the public with cheap health insurance. It requires most of the insurance plans to cover checkups, patient counseling, immunizations, and numerous health screenings at no cost. Besides, it also conceded states that choose in extending the Medicaid program.
You must need to be eligible to apply for this healthcare act. Some of the requirements are:
Must live in the United States.
Must be a U.S. citizen or lawful permanent resident
Can't be detained
The immigrants with the following statues are also qualified in using Marketplace Lawful Permanent Resident (LPR/Green Card holder), Asylee, Refugee, Cuban/Haitian Entrant, Paroled into the U.S., Conditional Entrant Granted before 1980, Battered Spouse, Child, and Parent
Tricare is a health care program offering its services to active or retired U.S Armies and their dependents. Tricare offers several health plans with affordable price ranges. The health cost might vary among each individual depending on who they are. In a few cases, you might be required to pay a portion of the total cost.
You are eligible for Tricare if you meet the following requirements
Uniformed Service members and their families,
National Guard/Reserve members and their families:
Medal of Honor recipients and their families, and
Others registered in the Defense Enrollment Eligibility Reporting System (DEERS).
As the heal insurances are pretty costly for children, CHIP offers health insurance for kids in an affordable price range. If your income is too high for you to be eligible for Medicaid then, CHIP is the best option for you to choose.
There are several health benefits that you can get from CHIP and the health insurance benefits vary from states to states. The full coverage is the same for all the states and it includes:
Dental and vision care
Inpatient and outpatient hospital care
Laboratory and X-ray services
For International Students
Insubuy offers more competitive health insurance in comparison to other available health insurance. It offers insurance not only for international students but also for visitors to the USA, exchange visitors (J1/J2), new immigrants, marine crew, and many others.
It not only offers health insurance to the immigrants but also for various terms and conditions. FOr example, you can take health insurance for an accident (AD&D), flight accident, annual-multi trip, disability, dental vision, kidnap & ransom, study abroad, evacuation, and repatriation, etc.
ISO is an insurance company established by international students to provide affordable insurance services to other international students. It offers various insurance plans such as International Student Insurance, OPT Student Insurance, High School Insurance, J1 Visa Exchange Visitors, and more.
ISO is the world's largest insurance company established for international students. WIth ISO it is easier to find any doctors available near you in any state or location you live at. There are more than a million international students who are using the insurance services of ISO.
Tokio Marine HCC offers health insurance not only for international students but also for international travelers. It offers health insurance for international students offering the following benefits:
Savings for paying a full premium in advance
Meets J-1 visa requirements
Emergency Room Deductible
Maximum Benefit Per Injury or Illness
Moreover also for international travelers, it offers various insurance proposals like Leisure Travel, U.S. Visitor Travel, Study Abroad, Business Travel, Adventure Travel, Missionary Travel, and Trip Cancellation.
International Medical Group offers various beneficial insurance packages. Either you are an international student or a frequent traveler, the International Medical Group helps you get your insurance as per your need.
International Medical Group provides long term coverage insurance for international students. This insurance plan is offerable to individuals with dual residences, multinational employers, and more. When traveling outside of the country Travel Medical Insurance package, covers any unforeseen illness or any other health issues.
Seven Corners Travel Insurance offers insurance for all the travelers visiting the USA either for a couple of months, days, or the long term. Without proper health insurance getting into medical situations can be risky and tough in the USA.
For avoiding such problems Seven Corners Travel Insurance provides various insurance packages such as Travel Insurance, Travel Medical Insurance, Visitor, and Immigration to the USA. Each of these plans has its type of coverage plans.
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