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Your Options for Health Insurance Coverage

Your Options for Insurance Coverage - TaxAct Blog

Did you know unpaid medical bills is one of the leading causes of personal bankruptcy in the United States?

If you’re self-employed or own a business, your health plays an especially crucial role to your financial well-being and security. That’s why having health insurance is one of the smartest moves you can make.

Still looking for coverage? Here are your options.

Full health insurance.

You may be able to apply for health insurance if you have a Qualifying Life Event, which is a change that affects the type or amount of insurance you need, such as a change to family status like marriage, divorce, birth or adoption of a child, substantial changes to your income, or a move to a new area.

Short-term insurance.

If you are not eligible to apply for full insurance, your best option is to enroll in a short-term health plan, so you have at least some protection against medical costs if you have a significant illness or injury.

Plans are usually very affordable, and you can get approved and have your coverage start quickly.

It can be tricky to figure out which health insurance is right for you. Fortunately, you have access to some great resources to help you navigate your options and sort through the choices to find what you need.

The ConnectedHealth Marketplace offers health plans from a range of carriers, and their easy insurance shopping site as well as guidance from licensed agents can make quick work of getting your health insurance nailed down.

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