Having health insurance is important. Health care is expensive, and the cost is steadily rising. If you don’t have employer-sponsored group health coverage, and aren’t eligible for a state-sponsored health plan, you must purchase some sort of health insurance.
While regular individual health insurance plans are generally less expensive as far as monthly premiums are concerned, major medical insurance plans cover a greater portion of the more expensive medical treatments and procedures. Take these factors into consideration when shopping for the most affordable health insurance plan for you.
When comparing individual health insurance plans and major medical plans, you’ll probably find that major medical plans are generally more expensive. But you’re not looking for more expensive! You’re looking for affordable health care! Rest assured, you can find affordable health care with a major medical insurance plan.
While you may spend more on monthly premiums when you purchase a major medical insurance plan, you will save money when it comes to major medical costs– think major surgeries, extended hospital stays, etc. These kinds of health care coverage are much more expensive than, say, a regular check-up.
These kinds of health care coverage are also the kinds that will financially break you if you don’t have coverage, or enough coverage, in the event they occur. A regular individual health insurance plan will not cover the same high dollar amount of major medical care that a major medical insurance plan will cover. This is the point at which those higher monthly premiums begin to make sense.
The Arizona health insurance marketplace helps you find health coverage that fits your needs and budget. Every health plan in the Marketplace offers the same set of essential health benefits, including doctor visits, preventive care, hospitalization, prescriptions, and more. You can compare plans based on price, benefits, quality, and other features important to you before you make a choice.
With one application, you’ll see if you qualify for free or low-cost coverage through Medicaid or Children’s Health Insurance Program (CHIP), or for savings on a Marketplace plan. Most people who apply will qualify for some kind of savings.
Every person in the U.S. must have minimum health coverage or pay a fee
To be eligible to use the Health Insurance Marketplace, you:
- Must live in the United States
- Must be a U.S. citizen or national (or be lawfully present).
- Can’t be incarcerated.
No matter what state you live in, you can use the Marketplace. Some states operate their own Marketplace. In other states, the Marketplace is run by the federal government.
When people are unable to obtain an affordable, employer-sponsored group health insurance plan, they usually figure an individual health insurance plan is their only other option, short of state-sponsored health care. Purchasing an individual health insurance plan is indeed an option, but if you can’t afford it at this time in your life you may want to consider finding affordable health care with a major medical plan.