Health insurance is designed to cover the cost of your medical expenses. There are many types of plans available including those that pay directly to the medical provider and those that pay you directly after you have paid the healthcare provider.

Medical insurance is designed to protect you and your family from financial difficulty if you are injured or suffer a serious illness. Health insurance plans cover the cost of testing, treatment and follow-up care as well as medical equipment you may need during the healing process. Health insurance companies may also provide coverage for prescription drugs, preventative care and counseling services. According to a CNBC report, it is estimated that 2 million people are adversely affected by medical bills and over a half million of them file bankruptcy due to medical bills they cannot afford. In 2013, it is estimated that over 57 percent of all bankruptcies were filed by those who had high medical bills.

Health insurance coverage varies by plan. Today, health insurance plans must cover ten essential health benefits. These include outpatient services, emergency services, hospitalization as well as maternity and newborn care. Health insurance programs must cover mental health and substance use disorder services, prescription drugs, laboratory services and pediatric services. Health insurance coverage must also pay for rehabilitation services along with services that prevent illness plus chronic disease management. Children must be provided oral and vision care as well.

There are many ways to get a health insurance quote. You can use the Healthcare Marketplace to find the best health insurance for you and your family. In many states, there are also experts who have been trained in how to get a health insurance quote. Your employer may also offer medical coverage so talking to your human resources department may be a way to find coverage.

The Affordable Care Act (ACA) is federal legislation that was passed in 2010 that is designed to make health coverage more affordable for more people. The law provides subsidies to consumers with incomes between 100 and 400 percent of the federal poverty level in order to lower premiums. It also expanded Medicaid in some states to cover those who are at 138 percent of the federal poverty level. The ACA also supports innovative methods to deliver medical care that could lower the cost of healthcare. Initially, the law required all Americans to purchase a healthcare policy or face a tax penalty, but as of 2019, the tax penalty has been eliminated. The ACA also created the ten essential health benefits that health insurance companies must offer.

Not all consumers qualify for the subsidies and this can make insurance premiums higher. For this reason, you may be searching for cheap health insurance to protect your family. At InsuranceReviewsAndQuotes.com, we offer a wide range of health insurance programs with discounts designed to save you money and to protect your family from high medical bills that could lead to financial difficulty. Some of the best health insurance options are available on our website and the discounts are available to anyone who signs up for our website.

If you are looking for the best health insurance discounts or need to find cheap health insurance, visit InsuranceReviewsAndQuotes.com today. If you are interested in developing a discount program for your organization, our dedicated perk experts are ready to help you develop a program that is perfect for your members. You can learn more by calling us today or by filling out the easy form online to speak to a qualified customer service representative.