What low-income health insurance plan can I get to cover my family’s health and medical expenses?
If you have a child, you can check out the Children’s Health Insurance Program (CHIP). Parents or any adult living with an uninsured child under 18 years old can get this program. This type of low-income health insurance plan covers many benefits such as: regular doctors’ and dentists’ visits, prescription drugs, vaccines, hospital services, laboratory services, treatment of pre-existing conditions and even eye exams. You can find a low-income health insurance plan by comparing the rates of various health insurance companies. You can choose the plan with the cheapest rate or the plan that offers the best coverage for your family. Other alternatives for you are Mini Medical Insurance and Health Savings Account (HSA). Mini Medical Insurance has a premium of as low as $50 a month. The premium for this kind of plan depends on your monthly earnings. Mini Medical Insurance offers coverage for a fixed or predetermined number of doctors’ visits, prescription drugs and hospital services. Your income and bank account will be verified before you can qualify for both the Medicaid plan and the CHIP. Insurance companies or the government has to prove first that your income cannot pay for any health insurance before they can deny your application for coverage. HSA is also an inexpensive way of getting coverage for medical and health needs. However, you can only get an HSA if you have a High Deductible Health Plan (HDHP) or what is commonly known as catastrophic health insurance. The premiums of HDHP are much lower than the plans available in HMO or PPO. HSA allows you to save and withdraw money which you should spend exclusively on health or medical expenses. You can consult a low-income health insurance specialist to see if there is a plan that cover the medical needs of your family and yourself. Answer by Jack Michaels – June 19.2009 @ 12:59 pm No CommentsNo comments yet. Leave a comment |
|
You can start by looking for government-subsidized low-income health insurance. The government has several programs to help individuals who cannot afford to buy regular or traditional health insurance plans.
