The insurance policy where everybody tends to seek for the cheapest options is the health insurance policy, and this is because both the poor and the rich are in need of it. The poor are even in dire need of this because the rich can always take care of their medical expenses whenever it pops up. This is the reason why many people seek for ways of getting cheap health insurance. But the truth still remains that there are very many ways that you can get very cheap health insurance plans from your country. This one is not particular to any country or to the developed or developing nations. These cheap means are found in almost every country. The simple task is to search for these and make use of them. The methods mentioned below will help you find cheap health insurance.
Buying under parents cover
The fact still remains that in every proper insurance setting, there is a parent’s cover that also covers their children. Here, we are not talking about the kids that are below the ages of 18 and are still living with their parents. We are talking about insurance plans offered by insurers with an option that allows children of the insured to get involved in the coverage. This will cover children that are even up to the age of 26. This sounds really good. Another good thing about it is that it has no silly restrictions. The policy obtains that even if the child or children to be covered are now married and are not living with the parents, they are still eligible to be covered by this plan. It also obtains that even if the child is working, but is under the age of 26, he or she can have some respite under the parent’s coverage. The truth about this is that even if you have to pay back your parents the part of the premium that is due to you, you will still find out that you are getting the policy at a very cheap cost and saving a huge amount of money. This is perhaps what I see as the cheapest of all cheap health insurance plans.
Pre-Existing Condition Insurance Plan (PCIP)
This is the second in ranking when it comes to the cheap health insurance plans and the earlier you know about all these the better for you. But one thing that makes this plan better than the aforementioned is the fact that it takes care of people with special situations and not just for eligible candidates. In actual sense, this is a plan that takes care of people who are facing difficulties in getting a health insurance plan because they have an existing health or health insurance condition. The simple truth here is that whenever you are rejected by an insurer or denied health insurance coverage, you can make use of this to get yourself covered. This health insurance plan is mostly administered by the government, to take care of people who are under high insurance risk. However, you might also have to pay the normal out of pocket payment, but this is nothing to compare with what you will pay if you are using other insurance policies. This is only if they eventually decide to cover you.
There are many other cheap health insurance policies that you can also source. The truth is that the traditional health insurance plans can be affordable depending on your conditions and how you use them, but whenever you talk about health insurance plans that are very cheap, you have to move away from the traditional methods. This gives birth to the other two cheap health insurance plans. They are the emergency cover and the high deductible plans.
High deductible plans
Here, your health care coverage never begins until you have paid up to a deductible amount. The simple meaning of this is that when the insurer starts taking care of your health bills, it becomes so cheap to the extent that it is cheaper than the plans you get with regular premium payments. Another good thing about this plan is that the amount you pay before you start receiving the insurance benefits can be used to make some tax savings. Just ask your insurance plan about this and start saving money today.
This is another method through which you can get very cheap insurance policies. This can be very cheap for you if you are very healthy and only needs little checkups from time to time. In some cases, it will even take care of your “just in case” and preventive services free of charge.