An individual health policy is a plan you purchase for yourself or your family. These personal health plans can have many advantages:
At MassHealthPlans.com, we provide you with a straightforward way to compare your insurance options for the state of Massachusetts. We show the differences so you can examine the benefits and choose the right plan for you. We connect you with state insurance brokers and providers to further assist your search for affordable health care coverage.
To begin, you provide us with some information regarding your personal needs. Then, we match you to the best plans available, saving you time and money in the process.
A subsidy is a way to help you pay for your health care insurance. The government provides payment assistance to those who need it under the Affordable Care Act. If you meet the qualifications, the government will help pay your monthly premiums to reduce your out-of-pocket expenses. This program makes insurance available to many people who would not otherwise have access to health care coverage.Get a Quote
With so many insurance companies available on your state health insurance exchange, it may feel overwhelming to choose the right option for you. If you base your selection solely on price, you may not end up with enough coverage for your needs. Sometimes, the plans with the cheapest premiums do not offer the benefits you require. At MassHealthPlans.com, we break it down for you to make it easy to compare the crucial points of each plan. That way, you are sure to find the policy that provides what you need.
It may seem that choosing the lowest premium price is the best way to save money on your insurance. However, if your plan does not cover your essential medical costs, you could end up paying more in the long run. To effectively save money on your individual health insurance, you must find the right policy for your unique needs. Affordable insurance requires a balance of coverages and costs.
An individual health care policy may be a good option for you if:
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Bronze insurance programs have the most affordable premiums. However, you will have the highest deductible amounts and out-of-pocket costs with these policies. These plans cover about 60% of your health care expenses, meaning you will pay around 40% of your medical bills. This option is best for young, healthy people who only want coverage for emergencies or substantial medical expenses.
Silver insurance policies are typically a good fit for most people. These plans feature affordable premiums and deductible amounts, plus increased coinsurance benefits. You will pay more per month for this level of coverage, but you have fewer out-of-pocket expenses to pay before your insurance covers costs. Families with children may want to start their insurance search with Silver plans.
Plans in this tier cover about 70% of your medical bills unless you qualify for cost-sharing reductions. If your household income is below 250% of the federal poverty level, you may be eligible for reductions in the amount you pay for coinsurance, copays and deductibles.
With a gold plan, you pay around 20% of your medical costs, and your insurance pays about 80%. This coverage is helpful for individuals with regular health care and prescription needs. This level offers the most benefits but also has the most expensive monthly premiums. These plans have low deductibles and shared cost amounts. If you have significant medical needs that require you to use health insurance often, you may want to consider this option.
With MassHealthPlans.com, you can explore individual health insurance plans in minutes. We research policies to make it easy for you to quickly and efficiently compare rates from top insurance carriers and brokers in Massachusetts. Let us do the work to help you find the insurance coverage that fits your needs and budget.