3 Affordable Healthcare Options if You Are Looking For an Obamacare Health Insurance Alternative
After four years, most consumers have had a chance to experience the Obamacare website, Healthcare.gov. Obamacare, also known as the Affordable Care Act, was the federal government's attempt to offer everyone affordable health insurance.
As a result, uninsured rates have decreased, but many have found that the products are not as affordable as promised.
Millions of consumers have opted to go uninsured or asked what is the alternative to Obamacare?
If you are one of these consumers, there are several options available if you are looking for alternative health insurance to Obamacare.
Three types of products stand out: Short Term Health Insurance, Healthcare Sharing Ministries, and Limited Benefit Medical Indemnity Insurance plans are the most common and offer more affordable monthly premiums.
Short Term Health Insurance
Short Term Health Insurance is major medical insurance that is purchased for a defined period of time and generally has a much lower monthly premium than other forms of major medical health insurance. There are two other big advantages of Short Term Health Insurance. First, generally you can use your Short Term Health Insurance plan to pay for services from ANY doctor or hospital. Yes, you can keep your doctor! Many Obamacare and even employer-based plans restrict you to a narrow network. Second, Short Term Health Insurance plans have no open enrollment restrictions so you can apply at anytime. You can be notified within minutes if your application is approved and you may be able to use your coverage as early as the next day! At AgileHealthInsurance, we specialize in affordable Short Term Health Insurance plans and we are committed to offering consumers affordable health insurance choices.
Healthcare Sharing Ministries
A healthcare sharing ministries pool together individuals who have common ethical or religious beliefs. As an organization, the members to share health care costs while it is not health insurance, members of healthcare sharing ministries are exempt from the the Affordable Care Act tax penalty. This makes healthcare sharing ministries an affordable option to consumers seeking financial protection for healthcare expenses for a broad range of medical services, often for conditions including pregnancy, as well as general check-ups.
Limited Benefit Medical Indemnity Insurance
Limited Benefit Medical Indemnity Insurance is a health insurance plan that offers financial protection for commonly needed medical services, including hospital and doctor benefits. When you experience a covered medical event, Health Benefit Insurance pays a set fee directly to you or a provider designated by you. Health Benefit Insurance also can include supplemental medical insurance coverage for critical illnesses or accidents, as well as supplemental non-insurance services such as telemedicine, insurance advocacy, and pharmacy. Unlike traditional insurance, where you are responsible for paying copays and coinsurance, Health Benefit Insurance offers “first dollar coverage,” which provides you more flexibility for managing health care expenses.