There are countless health insurance providers in the USA only. The insurance programs vary in terms of perks and facilities covered in each program. Some insurance policies are cheap but not worth the money, and some with good options are too expensive. So, when it comes to choosing the best yet cheapest health insurance policy, we are left with a few providers only.
The best way to get a cheap health insurance policy is to choose the Federal Medicaid Program, but not everyone is eligible for this program. The eligibility criteria might differ depending upon your state. The best place to choose the cheapest health insurance is to go for the local insurance providers.
Medicaid – The Cheapest Health Insurance
If we compare the plans and the included facilities, Medicaid is the ultimate winner. If you wish to acquire Medicaid, you need to meet their eligibility criteria first. If your income is 133% to 138% less than the Federal Poverty Level, then you are eligible for this insurance program. The exact criteria will be defined by your state, as some states have passed special laws and regulations regarding eligibility for Medicaid.
What must be included in Cheap Health Insurance?
If you don’t find yourself eligible for the Federal Medicaid Insurance program, then you can contact any local or private health insurance provider. There are always better choices available in the market, so you are definitely going to land a deal that you would love.
No matter you are going for the cheap health insurance policy or any standard package from a famous insurance provider, here are some features that are a must.
- Outpatient services
- Prescription drugs
- Emergency services
- Maternity and newborn care
- Substance and mental abuse care
- Rehabilitative services
- Laboratory services
- Preventive and wellness care
- Pediatric services
The cost of the cheapest health insurance for a 40-years old citizen in different states of America ranges from $320 to $490. For example, you can choose Blue Cross Blue Shield Silver plan for Alabama State at the rate of $490.91 per month. The cost is $344 per month for Illinois.
Cheap Health Insurance for Students
Students get to avail of many additional healthcare benefits too. Many schools, colleges, and other educational institutes offer sponsored and free health insurance programs. You can avail of these services if you are a full-time campus student. Transfer students and part-time students cannot avail of these health insurance programs.
Cheap Health Insurance for Senior Citizens
The cost of health insurance plans is highest for senior citizens. A 60-years old citizen is supposed to pay 68% more cost for the health insurance plans as compared to the plan fee of a 40-years old citizen. There might be a gap when seniors are not eligible for Medicaid, so they would have to look for private health insurance.
The options are limited for the senior citizens in the list domain of cheap health insurance programs. Yet, you can explore the marketplace to obtain any reasonable insurance program. Even for the cheapest health insurance plan for the senior citizens, you might end up paying the premium of $1,043 per month.