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Find affordable health insurance with these tips.
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Step 1: Check state laws
Become familiar with the health insurance laws in your state. Type the name of your state and "health insurance laws" into a search engine to find the appropriate government web site.
Step 2: Check out group rates
Check out policies that trade associations offer; they often have lower rates. But make sure you're contacting a reputable trade group. Some lure in members with low premiums that jump up in a year or two.
Tip
If you're self-employed, see if your state offers group rates to businesses with just a few employees.
Step 3: Comparison shop
Comparison shop either on your own or with the help of a health insurance broker. Locate the latter through nahu.org.
Step 4: Read the fine print
Buyer beware: Some policies offer only "limited benefits," a distinction that's not apparent unless you read the fine print.
Tip
Three-quarters of Americans who are pushed into personal bankruptcy by medical problems had health insurance.
Step 5: Go for a high deductible
Consider a high deductible. Depending on the size of your family and your medical situation, it may be cheaper to hold health insurance primarily for a catastrophic illness or injury rather than for regular office visits.
Tip
Find out if you can open a health savings account, which lets you put money in an interest-bearing account that can be withdrawn, tax-free, for medical expenses your insurance doesn't cover.
Step 6: Protect your children
Protect your children by calling 1-877-KIDS-NOW for information on low-cost -- or even free -- health insurance for children 18 years and younger. Each state has its own program for low-income families, and eligibility rules vary.
Step 7: Look into Medicaid
If your income is very low, find out if you're eligible for Medicaid by contacting the U.S. Department of Health and Human Services.
Step 8: Apply for Medicare
If you're 65 years or older, apply for the federal health insurance program known as Medicare by calling 1-800-MEDICARE.
Did You Know?
In some states, people who work 25 hours per week qualify for the health benefits of a full-time employee.
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Find low cost dental care for your family, even without insurance.Obamacare: Delivering Affordable Health Care
Watch the health care stories: http://OFA.BO/79Z4B3
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I know there will be a lot of discussion today about the politics of all this, about who won and who lost. But that discussion completely misses the point. Whatever the politics, today's decision was a victory for people all over this country whose lives will be more secure because of this law and the Supreme Court's decision to uphold it.
If you're one of the more than 250 million Americans who already have health insurance, you will keep your health insurance—this law will only make it more secure and more affordable.
Insurance companies can no longer impose lifetime limits on the amount of care you receive. They can no longer discriminate against children with pre-existing conditions. They can no longer drop your coverage if you get sick. They can no longer jack up your premiums without reason.
They are required to provide free preventive care like check-ups and mammograms. Young adults under the age of 26 are able to stay on their parent's health care plans. Seniors receive a discount on their prescription drugs.
And by this August, nearly 13 million of you will receive a rebate from your insurance company because it spent too much on things like administrative costs and CEO bonuses, and not enough on your health care. All of this is happening because of the Affordable Care Act.
Today, I'm as confident as ever that when we look back five years from now, or 10 years from now, or 20 years from now, we'll be better off because we had the courage to pass this law and keep moving forward.
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