Tips For Buying Affordable Health Insurance In 2019

​While open enrollment for health insurance in 2019 is over, it is still possible to purchase coverage. If you have a qualifying event, you may qualify for cost-sharing reductions and premium subsidies. 

Here are some ways to buy an affordable health plan that is ideal for you.

Qualifying Events Allow Extended Eligibility
Before the opening enrollment of health coverage for 2020, a qualifying event will enable you to sign up for ACA-compliant insurance. You may also switch to another health plan. 

The following qualifying events can give you a chance to a special open enrollment:

• Loss of a different coverage
• A change in eligibility in your subsidy
• A change in the status of citizenship
• Permanent transfer
• Marriage
• Childbirth or adoption

Know The Basics
When it comes to buying health insurance, it pays to be familiar with the subject. Understand coinsurance and copayments, and the difference between the two. Find out how these can affect the costs if you begin using your insurance for medical care.  

What You Need And What You Can Afford
Identify what type of coverage do you need and if they fit your budget. Create the right balance between benefits and value. It would be impractical to splurge on coverage that you do not need in the near future. For example, if you are in your early 20s and single, then do not get maternity insurance benefits.

How Often Do You See Your Doctor?
If you are tight on money and go to the doctor on rare occasions, the ideal option for you is inpatient-only coverage without outpatient benefits. On the other hand, if you and your family visit the doctor often, choose a medical insurance policy with high outpatient benefits. 

Opt For Long-Term Plan
It is essential to obtain the right health insurance plan early on. The risks of having chronic medical conditions as your age increases. A common exclusion of health insurance is the pre-existing conditions. Therefore, choose the right plan for you and consider the long-term. Also, it is not a good idea to change your plans often.

Conclusion
The key to obtaining affordable health insurance is to be prepared. Ask advice from a competent insurance agent to help you find a cost-effective plan with high coverage. 

At Insurance Agency Network, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (425) 681-0996 or Click Here to request a free quote.