How to Get Cheap Medical Insurance – Overview
There are several different sources to get medical insurance in the United States. The government, universities, and jobs provide health insurance. You can even buy health insurance from private insurance providers, using the exchange marketplace, or directly from the insurance company.
Free or cheat medical insurance means that either your monthly premiums are being paid (partially or totally) by someone else, usually an employer or the government. This is called subsidized medical insurance. A subsidy is there to help you avoid having to pay the full cost of the insurance. On the other hand, cheap medical insurance can be bought with insurance policies with reduced benefits.
Cheap Medical Insurance in 2023
Here’s our list of cheap medical insurance for 2023:
1 – Aetna
Aetna offers medical insurance, which includes only the basic benefits, and the premiums are reduced by 100% with a tax credit. If you are eligible for the advance premium tax credit, then your medical insurance policy’s premium rate is drastically reduced. If you buy an Aetna insurance plan, the premium could potentially be US$ 0.
Though all insurance plans available in the marketplace can be bought at a reduced premium with tax credits, some may include insurance benefits that are not eligible for premium tax credit dollars.
Aetna medical insurance plans are excellent for urgent care needed for minor illnesses and injuries through the CVS MinuteClinics. Anyone with an Aetna medical insurance policy can simply schedule or walk in for free MinuteClinics appointments and promptly receive the care they need.
However, you will need to remember that if you buy a high-deductible medical insurance plan from Aetna, you will need to meet the deductibles before availing of the free MinuteClinics facility.
To know more about cheap Aetna medical insurance plans, you can visit the official website at https://www.aetna.com/.
2 – Oscar
Oscar medical insurance is relatively new but uses advanced technology to make it distinct from conventional medical insurance providers. The company also offers higher value for money through its extensive coverage-carrying medical insurance plans. On average, Oscar health insurance plans are cheaper, especially if you are between 25 and 60 years old, irrespective of mental level.
Besides this, Oscar also offers the lowest-cost bronze and silver health insurance plans as compared to other providers. Additionally, insurance experts highly recommend Oscar as one of the cheapest yet most extensive medical insurance plans in the US.
The Oscar smartphone app allows you to virtually get US$ 0 urgent care at any time of day and night, check your plan benefits and review your individual team of healthcare professionals. In addition, Oscar offers a vast variety of health management programs too, such as for diabetes, heart disease, depression, weight loss, pain management and even pregnancy.
The exact cost of a cheap Oscar medical insurance policy will mainly depend on your age, location, and whether you smoke or not.
For more details on cheap Oscar medical insurance plans, visit their official website at https://www.hioscar.com/.
3 – Kaiser Permanente
Kaiser Permanente is another excellent source for buying cheap medical insurance in the US. The company offers medical insurance at very low premiums if you live in a state with Kaiser’s coverage. However, this may also mean that you may end up paying a higher deductible, relative to the competition.
However, if you don’t require medical insurance too frequently, then you can simply choose the Kaiser Permanente Bronze medical insurance plan, which is one of the cheapest available on the marketplace.
Besides the low cost, there are several other reasons why millions of people have chosen Kaiser as their medical insurance provider. For instance, Kaiser ranks high in relevant lists and surveys regarding extensive coverage at a lower cost. Besides this, Kaiser Permanente medical insurance plans also earn the highest ratings of all providers.
However, a major disadvantage of Kaiser Permanente medical insurance plans is that they are available only in 8 states in the US.
To find out more details about Kaiser Permanente medical insurance plans, feel free to visit the official website at https://healthy.kaiserpermanente.org/.
4 – Molina Healthcare
Moline Healthcare is yet another ideal source to buy cheap medical insurance in the United States in 2023. Though Molina health insurance plans don’t always have the lowest premiums, they usually have a lower deductible than other health insurance providers. This is absolutely true for the Molina Healthcare Bronze insurance plan, which is available for less than half the price of the same coverage from other insurance providers.
Molina Healthcare medical insurance plans are an excellent option for those who expect to use it more frequently for preventive care and need a comparatively low premium insurance plan.
However, the main drawback of Molina Healthcare medical insurance plans is that the company offers coverage in only a few select states in the US. To find more details on cheap Molina Healthcare medical insurance policies, you can visit their official website at https://www.molinahealthcare.com/.
These are the top 4 cheapest medical insurance providers in the United States as of 2023. We recommend you visit the insurance provider’s official website and learn the terms and conditions, along with any criteria, carefully before signing an insurance contract.
I am a dedicated healthcare researcher and an enthusiast specializing in medical grants, medical education and research. Through my articles, I aim to empower healthcare professionals and researchers with valuable insights and resources to navigate these critical aspects effectively.