What’s the cheapest health insurance that covers the basics like annual physicals, STD tests, and other essential check-ups without costing a fortune?
Thanks for your question! Be sure to include details like your age, state, and income if you’re comfortable, as this helps others give more tailored advice. And remember, in case of emergencies, call 911. Stay kind and helpful, everyone!
Cheap doesn’t always mean good. But for basic coverage, here are some affordable options:
- Employer plan - usually very affordable if your work offers it.
- ACA Marketplace - costs vary by income and location; subsidies can help bring down costs.
- Medicaid - free if you qualify based on income.
There are also private plans (short-term or indemnity), but these often don’t cover much. If you go this route, read the fine print!
It depends on your situation. Generally, ACA coverage is considered affordable if it’s under 8.39% of your income.
If you’re on a tight budget, Medicaid (in expansion states) is the cheapest choice.
Avery said:
It depends on your situation. Generally, ACA coverage is considered affordable if it’s under 8.39% of your income.
If you’re on a tight budget, Medicaid (in expansion states) is the cheapest choice.
I’d prefer to pay fully out of my own pocket, no government help. That’s super important to me, so I’m hoping to find something affordable without subsidies. Thanks for the info!
@Shay
In that case, a local insurance broker could help you find an off-exchange plan. Just make sure to go over the terms carefully since these plans won’t have the ACA’s guaranteed coverage for all essentials.
@Galen
Exactly, off-exchange plans can be tricky because they may skip some of the basics.
Avery said:
@Galen
Exactly, off-exchange plans can be tricky because they may skip some of the basics.
Sounds like you’re hunting for a unicorn plan!
@Shay
You’re welcome to pay fully, but be aware that unsubsidized ACA plans can get pricey. Here’s a guide to average costs by state if you’re curious: https://www.kff.org/affordable-care-act/state-indicator/average-marketplace-premiums-by-metal-tier/
Employer-sponsored insurance is usually the most affordable, but Medicare is even cheaper if you qualify.
Pat said:
Employer-sponsored insurance is usually the most affordable, but Medicare is even cheaper if you qualify.
Sadly, my job doesn’t provide any insurance.
Depends on where you live. Generally, a high-deductible plan is cheapest, and you’ll pay out of pocket for most things, except maybe the annual wellness check.
HDHP (High Deductible Health Plan) might be the way to go. Basic services are usually the most expensive to insure, so paying out of pocket for them might save you some money overall.
A high deductible health plan could work if you’re young and healthy. But remember, an accident could lead to a big bill due to the high deductible.