Everyone needs health insurance, but some people don't make enough money to pay for it comfortably. In this time of skyrocketing health costs, it's difficult for everyone to find coverage, especially for that low income segment. Here's how you can get health insurance, even if you don't make a lot of money.
Instructions
1. Consult local government agencies to see if you qualify for subsidized health insurance for you and your family. Programs such as CHIP (the Children's Health Insurance Program) will take a look at your family size and finances and use other factors to decide if they can provide you with low- or no-cost coverage (see Resources).
2. Compare the different rates that different health insurance companies will give you. Health insurance is a somewhat competitive industry, and this competition can force the companies to try and outdo each other on their rates. Be sure to understand exactly the services and freedoms that will be provided by the quotes they give you.
3. Step down the insurance coverage you may already have. While this can be undesirable, you may be able to have an acceptable level of insurance while paying a little bit less. Explore wellness options your provider may have, in which they reduce your rate if you complete certain health improvement courses or lose weight, for example.
4. Invest in a Health Savings Account. You will put aside a small portion of your income, reserved for health-related uses. These usually come with a high-deductible plan, which means that you will pay low premiums, but will have to cover a great deal of charges if something catastrophic happens. These can be good options for very young workers.
5. Speak with a licensed insurance agent. These people may have tricks you hadn't thought about and can explore a number of different avenues for you. They can also help you budget your health costs while ensuring you have the coverage you and your family need.
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