Affordable Health Insurance

If you are worried about paying a penalty for not having health insurance, there are several options to obtain affordable health care coverage. Health insurance protects you from the high costs of medical emergencies. If you and your family are not covered under a health plan covered by your employer, you have additional options. For instance, if you cannot afford health insurance, you may qualify for Medicaid. This coverage is provided by the government and covers low-income children, pregnant women and other individuals in need.

If you do not qualify for Medicaid, you can still apply for affordable health care insurance through the Health Insurance Marketplace. The Marketplace offers plans based on your income and the amount of coverage you need.

Qualifications for Affordable Health Insurance

To determine the amount of coverage that is right for you, consider factors such as:

  • The number of people in your household
  • Your household income
  • The ages of everyone in your household
  • Pre-existing conditions of everyone in your household

The Marketplace is an online portal where you can shop for health insurance based on the kinds of health care services you use regularly. In order to avoid a penalty when paying your taxes, you must prove you have the minimum amount of coverage allowed by the government.

If you receive other forms of government-sponsored benefits, you may qualify for Medicaid. If not and your income falls 50 percent below the federal poverty level, you can apply through the Marketplace for health care at very affordable rates.

How to Apply for Health Insurance

You must select your income, household size and state to apply for health insurance through the Marketplace. Your health insurance payments will be based on your anticipated income for the year that you are applying for. You must apply at the end of every year for the next year. This means, if you expect to make less money next year, you should use this estimated amount to estimate your income level when applying for coverage.