Which one is right for me?
Updated: Aug 28
I am often asked about the various options available to clients for their health insurance needs. What is available to each client is quite varied- where you live, your budget, your health status, and your coverage needs are all factors to consider.
That being said, the following options are available to most individuals and families:
Healthcare.gov - This website gives you access to Affordable Care Act plans in your state. Some states have their marketplace for health insurance carriers. It can be difficult to understand the difference between plans so researching your options and speaking with an experienced agent before choosing your plan is important.
Underwritten Health Insurance - These plans can be quite similar to ACA plans but they generally require the applicant to answer medical questions as part of the application process.
Short-term Health Insurance - These plans offer coverage for various lengths of time depending on the client's needs. This makes them a great option for individuals who need coverage for a short time such as changing jobs and having a lapse in coverage or considering lesser premium plans due to budget concerns.
"Share" Plans - These plans tend to be religiously affiliated so the application will require questions to be answered based on the plan's requirements.
Remember to be diligent about your choice. Making sure your doctors are in the selected network and that your prescriptions are covered by the formulary are important aspects of your coverage to consider. You may also want to consider your dental and vision insurance needs as well. Having the same effective dates for all of your coverage can be very beneficial.
Do not rush this decision. It is important to understand your coverage and the variety of options that are available to you and your family.