As a 20-something, the world is your oyster. You have your whole life ahead of you, and, most likely, your health is practically perfect. If you’re young and healthy, health insurance probably isn’t a top priority in your budget. Health insurance can be pricey and very confusing, so many young adults decide it isn’t worth the cost because of their good health. However, is health insurance necessary for someone in their 20s? The short answer? Yes. You never know when you could get extremely ill, develop an infection, or be involved in an accident. Health insurance isn’t just for old people.
One serious health scare can end up costing thousands of dollars in bills if you are uninsured. Like we stated above, we understand health insurance can be confusing. What plan do you pick? Where do you get health insurance from? Are you allowed to stay on your parent’s plan? Is there someone you can talk to that will help you with your decision?
Our team of certified agents at Thomas & Associates insurance agency in Jacksonville, Florida, wanted to share with you different ways you, as a young person, can get health insurance. If you work with one of our brokers, we can help get you a plan that is affordable and gives you the proper coverage. Health insurance can be confusing, for anyone at any age. At Thomas & Associates, we will work directly with you to help find you the right plan, while explaining everything to you.
Different Ways to Get Health Insurance
Here are the different ways you can obtain health insurance:
Your employer – Many employers offer health insurance, but if yours doesn’t, you’ll have to go a different route. Right now, companies with more than 50 full-time employees provide health coverage to their employees that work 30 or more hours per week. When you get health insurance through your employer: it’s a group plan so the premiums are usually lower, your employer is covering part of the cost, you will have more plan options, and your group plan is covered by federal benefit laws. At your company, you can get insurance when initially hired and then during an annual open enrollment period.
Your parents – You can currently stay on your parents’ health insurance plan until you are 26 years old, whether you live with them or not. Likely, the premium is lower than if you got your own insurance.
The Marketplace – The Marketplace or healthcare.gov lets you view health plan options and purchase health coverage online. Depending on several factors, you may be eligible to receive subsidies, as well. The Marketplace offers “catastrophic plans,” which are good for those under 30. This type of plan keeps you covered for emergency situations (serious illness or accident); these plans usually have low premiums and high deductibles. Take note: health insurance plans for an individual tend to be more expensive than group plans. The better the plan/coverage, the higher the premium.
Medicaid – The Medicaid program provides health coverage to adults with a low income. You can apply any time throughout the year.
A Health Insurance Broker/Advisor – If you work with a health insurance broker, like from Thomas & Associates, you get free answers, free quotes, and free help. In Jacksonville, Florida, there are 49 policies you can have access to, which can be daunting to go through. A health insurance broker can do the research for you and help you find the best coverage and price.
Need Help Getting a Health Insurance Plan?
Health insurance doesn’t have to be confusing, especially if you have professional brokers by your side explaining everything to you. If you’re looking for an individual healthcare plan, our certified agent brokers at Thomas & Associates insurance agency in Jacksonville, Florida, can help you get the best plans for your needs and budget. We understand how frustrating it can be to pay for health insurance, as a healthy, young adult, and never use it. We will find you the right coverage for you. With Thomas & Associates, you’ll know exactly what your healthcare plan is giving you. To get started with us, click our Jacksonville health insurance contact page or call 904-730-3900