With health insurance costs on the rise, you may be asking yourself, “How can I get the cheapest health insurance?” It’s understandable when you see the healthcare costs consumers are facing these days. But, you might not realize you could qualify for low cost health coverage or even free health insurance.
Furthermore, you don’t need to sacrifice high-quality care or strain your bank account. Let’s take a look at what healthcare costs, and what you can do to lower your health insurance payments. Better yet, you may get rid of them altogether.
How Much is Health Insurance a Month for a Single Person?
The average amount a single person pays for health insurance is $440. For a family, it goes up to $1168. Both of these figures can rise depending on the coverage you want. For many, this amount of money takes a huge toll on finances each month. No one wants to sacrifice food items in the grocery store or other necessities of life to pay for high premiums. This is especially true when the possibility to get free health insurance exists.
Nevertheless, it’s now a legal requirement to have health insurance. If you don’t, you’ll receive a fine at the end of the year. Additionally, you want the peace of mind knowing you’re covered if something happens and you need medical care. That’s why finding low cost or free health insurance becomes more important than ever.
How Can I Qualify For Free Health Insurance?
Every state has different requirements to qualify for free health insurance. The government’s Medicaid program offers free health insurance based on certain criteria. They consider income, family size, disability, pregnancy, or being elderly. However, some states have now expanded coverage based on income alone.
The government covers emergency care, family planning, addiction programs, and preventative care. That could mean no money out of your pocket. For other doctor visits and tests, there may be co-pays but they’re relatively small.
You pay anywhere from $2 toward prescriptions, $3 for each lab visit, $5 for physician visits, and $20 for outpatient surgery. That still equals great savings. What income qualifies for free health insurance? If your income is below 138% of the poverty level, you qualify for Medicaid.
How Much Money Can You Have and Still Qualify for Medicaid?
The poverty level for a single person is $12,490 a year in income or less. Yet, you could earn up to $17,236 and still qualify for Medicaid. That falls right under the 138% criteria to get free health insurance. That’s about $1400 a month. For a family of two, you could earn as much as $23,500, about $1958 a month, and be eligible for free health insurance.
Families of three earning $20,780 or up to $2888 a month still qualify. A family of four earning $3488 a month meets the requirements, as well. For each added member to your family after that, your income can go up $4420. That still meets the conditions to receive free health insurance.
Are There More Ways to Receive Free Health Insurance?
If you’re under 26 years of age, you can still be part of your parents’ health insurance policy. This is true whether you’re claimed as a dependent or not. Parents may grant you this financial break while you’re adjusting to living on your own. If you’re comfortable with it, it can save you a lot of money until you’re ready to take on the extra bill.
Many jobs come with free health insurance, the amount subtracted before the salary is offered. Or, as much as 50% of the insurance premium gets taken out of your paycheck. However, depending on the insurance plan, that amount may be small. Even with a low amount withdrawn each month, it seems like free health insurance. That’s because it isn’t a monthly bill you have to pay along with the rest. Like taxes withheld from your paychecks, it becomes the norm. It’s never been part of the income you rely on.
Usually, cities or towns have community health centers. Recently, funding for these has gone up. They offer preventive care, vaccinations, substance abuse treatment, and prenatal care. They’ll also refer you to a specialist if needed. It comes close to having free health insurance since the doctors cannot deny you. If expenses do arise, applying for financial hardship could cover the charges.