How to get a quote for health insurance

health insurance quote

Health insurance is available for purchase through many different services and providers. From private care to public options, there are many different types of health insurance to choose from. The cheapest health insurance option is to enroll in the federal Medicaid program, but eligibility depends on the state you live in, as well as your income level. For many individuals, the best deal is individual health insurance quote, which can be found through your state marketplace. On this exchange, you can search for and compare affordable health insurance plans from multiple companies.

Obamacare can affect the cost of health insurance premiums and the quotes you receive in one of two ways. As a general rule of thumb, Obamacare has been designed so that low income earners will pay less for premiums and high income earners will have to pay higher premiums.

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What is the best cheap individual health insurance Quote?

For those who are not eligible for Medicaid coverage, the cheapest health insurance with full medical benefits is individual coverage, which can be purchased through your state marketplace. Full benefits mean that these health insurance plans provide comprehensive coverage for all 10 of the essential health benefits required to be covered under the Affordable Care Act. The 10 essential health benefits includes:

  • Outpatient services
  • Emergency services
  • Hospitalization
  • Maternity and newborn care
  • Mental health and substance abuse care
  • Prescription drugs
  • Rehabilitative services
  • Laboratory services
  • Preventative and wellness services
  • Pediatric services

How do I choose the most affordable health insurance Quote?

The most affordable health insurance depends on your household income. The cheapest option is to enroll in Medicaid if your income falls below 138% of the federal poverty level. This is a federally funded health insurance program that provides health benefits to low-income individuals. For those not eligible for this option, the most affordable solution may be through your state marketplace, as well as off-exchange plans, including short-term health insurance policies.

health insurance quote

It’s important to note that the cheapest health insurance plan may not always be the right policy for you. Therefore, to find the best value coverage, you should evaluate your medical needs before buying a health insurance policy.

Short-term health insurance

Short-term health insurance is cheaper than marketplace health care. These plans have low-cost monthly premiums, but the policies may only extend a few months — up to one year at most, depending on short-term health insurance laws in your state.

Another reason for the reduced cost is that short-term health insurance is not required to cover the same health benefits as individual medical plans. These health policies typically will not cover all of the essential health benefits covered under the Affordable Care Act insurance found on your state marketplace.

SEE ALSO: How to safely buy Short-Term health Insurance | Get a quote on short-term health insurance

Cheap health insurance for students

Students often have additional health insurance options. Many universities and colleges provide free health insurance to students through a school-sponsored plan. These policies typically provide health insurance for most on-campus medical services, but you may lose the coverage if you become a part-time student or transfer schools.

Another option for some students is to purchase a student health plan. These health insurance policies are designed for full-time students between the ages of 17 and 29. Plans can be bought through most large health insurance companies and are paid either by an annual or semiannual premium. A student health plan can be a great cheap medical insurance option because you will not lose your coverage if you decide to transfer to a different school.

Health insurance providerNumber of states with cheapest Silver plan
Blue Cross Blue Shield9
Ambetter8
Kaiser Permanente4
Bright Health3
Cigna Health and Life Company3
Oscar2
CareSource2
Medica2
CHRISTUS Health Plan1
Harvard Pilgrim Health Care1
BMC HealthNet Plan1
UCare1

How to get instant online health insurance quotes

The best way to find health insurance quotes is through an independent agent.  They will be able to save you a lot of time and give you unbiased advice on which plans that would meet your needs.  Several independent agents even have websites that you can start by running a health insurance quote online.  A good website would show you health insurance plans from several carriers and give you contact information to follow up with an experienced health insurance agent.

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