What If You Can't Get Insurance Through Your Job?
What To Do If You Can't Get Insurance Through Your Job
The Short Answer: If you can’t get insurance through your job, don’t wait until you need healthcare. Once you have a problem, choices are limited. You have 4 basic options if you can’t get insurance through your job and uMedMarket helps with each:
- Enroll in Obama Care (this can be quite expensive and has very high deductibles if you do not qualify for a subsidy). Shopping on uMedMarket.com for out-of-pocket costs can save you a lot. Check with your insurer to see if cash expenses will count toward your deductible.
- Purchase an individual policy, also quite expensive and with pretty high deductibles. You can shop here. Again, shopping on uMedMarket.com for out-of-pocket costs can save you a lot. Check with your insurer to see if cash expenses will count toward your deductible.
- Join a Healthcare Sharing Ministry which are faith-based, voluntary cost sharing ministries. This is not insurance, but rather a group commitment to share the bills of group members. uMedMarket.com works great with this option. You must meet their individual membership requirements (basically this means being a committed christian). See our blog on Healthcare Sharing Ministries (coming soon).
- Go Bare (no insurance) and start saving money now for future expenses. uMedMarket is a major benefit in this situation because we save you a lot of cash.
Learn More About Insurance And Buying Healthcare Online
The Short Version of High Deductible Health Plans
High-deductible health plans (HDHPs) are more common than ever. The reason is simple, the
cost is a lot less expensive than traditional plans like PPOs and HMOs. But there’s a lot of
confusion about what exactly they are and how they work.
What Are Deductibles?
The Short Answer: Deductibles are a major part of any health plan. The deductible amount for your health plan is the amount of money you must pay for healthcare in one year before you insurance company pays (instead of you). For 2020, the minimum deductible that qualifies for a Health Savings Account (HSA) is $1,400 for an individual and $2,800 for a family. That is a common threshold for most employers. Now, there are a lot of caveats, but that is the short version
What Are Health Sharing Ministries?
Healthcare sharing ministries (HSMs) are non-profit organizations that have created a mechanism for sharing health care costs among members who have common ethical or religious beliefs. An HSM does not offer health insurance. Rather, they offer to share healthcare expense among members as they are able. They do not accept risk, make no guarantees and do not purchase reinsurance policies.