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Most Affordable Health Insurance Providers

Most Affordable Health Insurance Providers

When it comes to receiving medical care, one can’t help but worry about the expenses related to it. The medical expenses might end up burning a hole in your wallet but don’t worry. Healthcare insurance will work as your superhero in this case.

Healthcare insurance is a simple contract between the insurer and the insured. Within the contract, the insurer is bound to pay a portion or whole amount of the insured person’s medical bill in exchange for the money the insured will pay as the premium to the insurer.  

U.S. healthcare costs are no joke. As everyone knows, the healthcare facilities are way too high and expensive. On average, a person spends about $10,000-$12,000 on healthcare expenses per year. That is why it becomes almost essential for one to get healthcare insurance for himself/herself.  

Healthcare insurance is not mandatory, but it is still advisable for you to get insured to avoid getting tax penalties. Most employers offer their employees healthcare insurance under the employee benefits package. You can also purchase healthcare insurance for yourself through various companies offering this insurance.

Several companies like Aetna, Humana, etc., offer great deals when it comes to healthcare insurance. These are available at different prices and offer different benefits. The Aetna vs United Healthcare comparison results in negligible differences. 

In this article, we’ll talk about the various types of healthcare insurance along with a list of the best companies offering healthcare insurance. So, let’s get down to it!

Types of Healthcare Insurance Policies

The various types of health insurance plans available for you to avail of include Health maintenance organizations, Preferred provider organizations, exclusive provider organizations, and Point-of-service plans. The two most popular among these are discussed below.

  • Preferred Provider Organization Plans

Under the preferred provider organization plan, you have the liberty to choose from various hospitals, doctors, healthcare service providers, and facilities.

This is the most preferred healthcare insurance plan among the four. You can even see a specialist under this plan without having to get a referral from a primary physician. 

  • Point-Of-Service Plans

Under the point-of-service plan, the network of healthcare service providers is smaller but available at lower costs. This plan is basically a combination of the preferred provider organization plan and health maintenance organization plan.

It also requires a lower amount of paperwork compared to other insurance plans. You can also see a specialist without having to get a referral beforehand. 

Best Affordable Healthcare Insurance Companies

The reason why people turn to healthcare insurance plans is because of the high medical costs. That is why it is very important for you to pick an insurance company that offers you affordable health insurance. Given below is a list of the best affordable healthcare insurance companies.

1. Aetna

Aetna offers you copays at affordable rates and even meets expenses related to healthcare needs at walk-in clinics in certain states. It is extremely popular among people who want to get health insured and provides the insured with nationwide coverage. 

This also about 5,700+ hospitals covered in the network, and one can avail of healthcare facilities from anywhere among these. It also offers discounts on purchasable healthcare items branded by CVS.

2. Cigna

Cigna has very attractive health insurance plans. It has about 1.5 million healthcare providing facilities and professionals in its network. Its services can be availed in every state of the U.S, including Washington D.C.

In some states, Cigna offers its customers copays as low as $0, making it extremely affordable and one of the best companies for healthcare insurance. 

3. Blue Cross Blue Shield

Blue Cross Blue Shield is a reliable healthcare insurance provider with a history of over 80 years of service. Its monthly premium payment sums up to an average cost of $140, lower than most companies. It also covers international care.

It has more than 1.7 million healthcare facilities and professionals covered in its network. Its physician copay starts at a price as low as $10. 

4. UnitedHealthcare

UnitedHealthcare is an insurance provider with a network of about 1.3 million healthcare providers, of which about 6,500 are hospitals. It has various wellness programs covered under its policies, including online weight reduction support, and even rewards its customers for achieving health goals.

5. Humana

Humana lands a spot on this list of the best affordable [healthcare insurance] companies as it offers copays as low as $0. It also provides medicare facilities, which are best for people around and above 65 years of age. This also offers supplemental plans covering vision expenses, drug expenses, etc. It has a network of about 260,000 healthcare service providers.

Healthcare Insurance – Need And Affordability

[Healthcare insurance] has become an important part of everyone’s life. With the covid pandemic and whatnot, people are concerned about their health and expenses related to it more than ever. That is why it is important to get yourself insured as soon as possible with an insurance plan which is both affordable and well-suited to your needs.

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