Creative tips on best deal health insurance?

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Topic Author
CodeMaster
Posts: 702
Joined: Sun Mar 18, 2007 3:03 pm

Creative tips on best deal health insurance?

Post by CodeMaster » Sat Nov 30, 2019 3:24 pm

I know I already asked this before and was directed to healthcare.gov which is cool but based on their findings, its pretty expensive and not that great deals for my search on a good high deductible health insurance. I was wondering if anyone had any other tips or creative ways or perhaps some other people I can call for deals to compare more? Or am I mainly stuck with pretty much what healthcare.gov has to offer?

Truly appreciate any help and hope to pay back the favor! :sharebeer :beer
Youtube Channel: | https://youtube.com/c/CodeBoss911 | Finances / Entrepreneurship / Software Engineering

mhalley
Posts: 7683
Joined: Tue Nov 20, 2007 6:02 am

Re: Creative tips on best deal health insurance?

Post by mhalley » Sat Nov 30, 2019 10:15 pm

Healthcare.gov is the only way to get a subsidy. You can go to one of either many health insurance websites, but be aware you will be inundated with calls /texts/emails.
Another option that is less expensive is health sharing ministry.
5hird option that is very poor coverage is short term policy.

retired@50
Posts: 680
Joined: Tue Oct 01, 2019 2:36 pm

Re: Creative tips on best deal health insurance?

Post by retired@50 » Sat Nov 30, 2019 11:41 pm

How many in your household?

What's your income?

These play a large role in determining what you'll need to pay for an ACA policy on Healthcare.gov. Typically, you need to specify state and county to get an accurate list of what's available for your situation. If you are shopping elsewhere, I'd be careful.

If your income is low enough, under 400% of Federal Poverty Level, you are eligible for assistance.

Regards,
Last edited by retired@50 on Sun Dec 01, 2019 11:32 am, edited 1 time in total.

Bastiat
Posts: 185
Joined: Thu May 26, 2016 11:07 am

Re: Creative tips on best deal health insurance?

Post by Bastiat » Sat Nov 30, 2019 11:55 pm

The only creative tip I have is for "free" health insurance:

Join the military.

StealthRabbit
Posts: 451
Joined: Sat Jun 13, 2009 1:25 am

Re: Creative tips on best deal health insurance?

Post by StealthRabbit » Sun Dec 01, 2019 10:38 am

If using ACA, and are healthy, you will likely find the best deals in Silver and Bronze plans. (minimal coverage / minimal price)

Use an HSA to the max (for future savings / investment) if you can afford it.

Keep your income below the cliffs (depends on your filing status).

Some states have far better ACA plans than others.
My income tax free state with high wages has a very good ACA plan. (Washington State Apple Care)

Topic Author
CodeMaster
Posts: 702
Joined: Sun Mar 18, 2007 3:03 pm

Re: Creative tips on best deal health insurance?

Post by CodeMaster » Mon Dec 02, 2019 5:27 pm

Thank you for all of your replies...

So to qualify for ACA, your income has to be below 47k is that correct?
Youtube Channel: | https://youtube.com/c/CodeBoss911 | Finances / Entrepreneurship / Software Engineering

cyclist
Posts: 73
Joined: Fri Jun 21, 2013 9:04 am

Re: Creative tips on best deal health insurance?

Post by cyclist » Mon Dec 02, 2019 5:31 pm

You qualify for coverage at any income, but you only qualify for the Premium Tax Credits (which can be substantial) if your income is below 400% of the federal poverty line for your household.

wishy-washy
Posts: 8
Joined: Thu Apr 23, 2015 5:05 pm

Re: Creative tips on best deal health insurance?

Post by wishy-washy » Mon Dec 02, 2019 6:20 pm

Deleted
Last edited by wishy-washy on Mon Dec 02, 2019 6:31 pm, edited 1 time in total.

retired@50
Posts: 680
Joined: Tue Oct 01, 2019 2:36 pm

Re: Creative tips on best deal health insurance?

Post by retired@50 » Mon Dec 02, 2019 6:25 pm

CodeMaster wrote:
Mon Dec 02, 2019 5:27 pm
Thank you for all of your replies...

So to qualify for ACA, your income has to be below 47k is that correct?
Yes, it's about that level. Based on last year, the Federal Poverty Level was 12,060; so 12,060 x 4.0 = 48,240.
I don't know what the FPL number will be for 2019.

Regards,

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