Individual Insurance is for people who do not get their health insurance through an employer.
The Affordable Care Act mandates that if you do not have health insurance for 2019, there is a tax penalty of 2.5% of your household income.
There are three option if you choose individual coverage. Health Insurance Marketplace, Underwritten plans, or a healthshare plan.
Other Individual Alternatives Short Term Insurance
Are you coming off a group plan, COBRA, or have recently moved? It is very common for people to have a gap in coverage while transitioning from one plan to another. Short term plans can be customized to your situation at very affordable prices.
Deductibles and maximum out-of-pocket expense are reaching nearly $7,000 per individual with no copays. That means if you have a major medical event you would be on the hook for all of that.
Thankfully, there are a few alternatives to traditional individual health insurance. Select Pointe offers supplemental insurance to help individuals and families pay for deductibles and other unexpected medical costs.
What is Supplemental Insurance? These are low cost insurance plans that pay you a lump sum cash payment in the event of a specified medical event.
Do you know anyone who was diagnosed with cancer or Alzheimer's? Do you know anyone who had a heart attack or stroke? There are plans out there that will pay up to $100,000 if this happens to you.
Have you ever had surgery or spent the night in the hospital? There are plans that pay cash for those too.
By adding one of these plans, you have a way to pay your deductible if you have a major medical event.