What Are The Alternatives Of Health Insurance If You Cannot Afford It?
Looking forward towards staying away from unforeseen, catastrophic circumstances, and high medical bills, preferring getting a health insurance is the way to go about it. However, considering the loss of job amongst more people by the day, along with unemployment rates going high, insurance companies tend to cancel their coverage. Moreover, the high costs of insurance policies that break the scale, many have started staying away from insurance policies for themselves and their families.
However, if you are among those people who cannot pay for and afford health insurance, this news might be a relief for most of you. It is good to find out that there are alternatives to health insurance, which might be of great help if you cannot afford the traditional plans. Having on or a few of these health insurance plans might help you in covering up the costly medical expenses of your family, along with your own as well. Some of them might even be willing to cover up as much as a thousand dollars. Checking out the alternative policies, and health insurance quotes would help you in deciding which one you should choose.
One things that should be noted down is that AFLAC is not a health insurance. It is a supplement of health insurance considerably. This means that you will not be saved from the tax penalties due to the lack of health finances because it does not fall under the plan of qualifies health regulations. The main purpose of AFLAC is to pay out the expenses that are caused by some specific injuries and illnesses.
It works on a similar basis as the health insurance. You will be paying a monthly fee and in case you fall or get injured, AFLAC will pay you directly the entire amount that has been agreed upon. For example, if you have been paying them 50 dollars a month, and you break a leg, they will cover up the expenses for it. The difference is that AFLAC pays the maximum amount and health insurance, you pay the maximum amount.
The benefit of AFLAC is that you pay way less money compared to health insurance coverage.
Community Health Centers
With the drastic increase in the costs of health insurance companies, community health centers have become tremendously popular. The main aim of these health centers is to cover the medical expenses of those people who cannot afford insurances or are underinsured. Most commonly these health centers are funded locally or by the federal, hence they lack some facilities and their physicians may be limited. Leading to a limited medical attention.
Health Savings Account
HSA’s give you the benefit of keeping some amount of money aside that is eligible for medical expenses. Making a health savings account will help you in keeping extra money aside. The funds put into your HSA are free of taxes as well. This will help you in keeping yourself protected from unforeseen medical issues.