How Do I find Affordable Health Insurance?

Everywhere I go this questions seems to follow me. If you do not have health insurance through your employer, then you are at a huge disadvantage from a cost standpoint. We all know people who do not have insurance, and frankly, do not know how they can stand being in that position. But it appears to be all too common of a problem.

If you do not have insurance, it does not mean that you cannot be helped at your local hospital, however. Medical emergencies are handled regardless of your ability to pay. And, while this might seem a nice safety net, it also fosters a mind-set that says that if you have a medical problem (no matter how insignificant) just go to the emergency room.

So, as responsible citizens and taking charge of your own life, how do we find affordable health insurance?

Group Plans. There are many, many group plans out there. In fact, you are probably eligible for one that you do not even know about right now. If you are in a group of any kind, i.e. community, professional, alumni, small business owners, self-employed or other associations, you can get into a health plan. Shop around and see what is out there and compare the premiums. You might be surprised at what you find because these groups offer savings by banding together to get better rates and coverage options. The more the merrier at times.

Higher Risk Groups. Some states offer coverage to those who have been denied coverage by private insurance providers because of pre-existing medical conditions. It might not be much, but it certainly would be better than nothing.

Medicare and Medicaid. These government-run programs offer payment for health care expenses for those in low income situations, pregnancies, children, for the elderly, and those who are disabled. What is great about these is that they can provide coverage even if you have a job. You should contact your local social services office for information on eligibility.

Ask an Independent Insurance Agent. These days, it never hurts to ask. Independent Insurance agents have a large number of insurance companies from which to choose options for their clients. They can give you a quote on an affordable package customized just for you. It is worth a call. Try to get a quote or even fill out an application online

Search the Internet. One of the benefits of the Internet is being able to find information on a wide range of topics. And this one is sure to have lots of information. Just be careful in choosing who to do business with from the Internet. Be sure to check and double check to make sure that the company is legit.

Using these tips will help you find health insurance that you probably thought you could never find, let alone afford.

Rodney Gilbert, CLTC, is a Registered Financial Representative and President of United Life Financial LLC. Rodney has been assisting his clients achieve their financial objectives since 2007. He holds Series 6 and Series 63 licenses and the Certification in Long Term Care (CLTC) Designation. Rodney is also an avid speaker to those who want to learn more about tax planning with IRAs.


Remember, this blog is for information only and is not an offer to sell or invest in securities. Please refer to all appropriate prospectuses prior to any investment. Investments can, and do, lose money.