Should you purchase health insurance?

For one, by the law, health insurance is mandatory. Some believe that skipping out on purchasing a health insurance plan and taking the tax hit is more affordable.

Think of it this way, if god forbid you have a medical emergency, the amount you pay out of pocket if you don’t have health insurance is astronomical. Here are options for different types of individuals:

Health insurance for a family

Having quality health insurance for your spouse and children is a necessity. When purchasing health insurance for your family, keep in mind the deductible, copayments, and coinsurance payments. Make sure they meet your financial needs.

Health insurance for a student

By the law, an individual can stay on their parents plan until they are 26. Many universities offer a student health insurance plan. This comes in handy if your university is out-of-state and your parents plan’s network doesn’t cover it.

Health insurance for self-employed

If you left your previous job you can qualify for COBRA which allows you to use your previous employers plan until you find new coverage. You can also qualify for a special enrollment period.

Health insurance for someone with low income

Low-income individuals can qualify for Medicaid. Medicaid provides a subsidy is your income is between 100% and 400% of the poverty line.

Health insurance for a veteran

Veterans qualify for health care thought the U.S. Department of Veterans Affairs. Veterans are also able to use health insurance coverage through a private sector employer.

There are health insurance options for everyone.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance.



Posted 11:00 AM

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