Quick Enrollment: You can usually get coverage quickly, sometimes within 24 hours.
Catastrophic Health Plans
Catastrophic health insurance is a type of plan for people under 30 or those who qualify for a hardship exemption. These plans are designed to protect you in worst-case scenarios.
Low Premiums: Monthly premiums are generally lower.
High Deductibles: You’ll have to pay a lot out-of-pocket before the insurance kicks in.
Read: Decoding Medicare: A Comprehensive Guide to Understanding Your Healthcare Options
Basic Coverage: They cover essential health benefits after you meet the high deductible and three primary care visits per year before the deductible is met.
Health Sharing Plans
Health sharing plans are not traditional insurance, but they are an alternative. These plans involve a group of people sharing medical costs.
Monthly Contributions: Instead of premiums, you make monthly contributions.
Shared Costs: Members share the costs of each other’s medical expenses.
Faith-Based Options: Many health sharing plans are faith-based, so they may have restrictions based on religious beliefs.
Conclusion
Navigating health insurance without a job can seem overwhelming, but there are plenty of options to explore.
Whether you go through the Marketplace, apply for Medicaid, use COBRA, consider short-term or catastrophic plans, or join a health sharing plan, you can find coverage that works for you.
