How To Find Affordable Health Insurance?

  • by Guy123
  • Nov 22,2015
  • 8 answers

Here is my situation. I make around 40k, but almost half of it goes to child support. Really I'm living on just above minimum wage.
Every site I look at quotes a catastrophe plan of about $200/month. These plans really don't cover anything unless it is something big. I'm very healthy and haven't even spent more than $1,000 on health care in my entire life. I really need a plan under $100/month if I am going to make ends meet.
It is something I will probably never use, but it will help me avoid the fee. Any suggestions?


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Insurance Answers (8)

Joel Gardberg 6 months ago

You may qualify for a subsidy since you support children.

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Flower 6 months ago

Dont buy a catastrophic plan. Find a metal plan you can afford from your state exchange. You get subsidies for your premiums. Did you factor that in?

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Bill 6 months ago

Get a second job, as you make too much $ for a subsidized plan.

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A Hunch 6 months ago

The lower the monthly cost, the higher the deductible,
Since you are rarely sick, you are better off going with a high deductible plan. Yes, you have to pay more out of pocket when you "are" sick but you aren't covering yourself for something that you aren't going to need or use.

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Rob 6 months ago

Contact local insurance agents for local info as it varies greatly.

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Insurance Pickle.com 6 months ago

Just buy the highest deductible and pay for anything you need out of pocket. There are no $100/month plans anymore. There WERE $100/month plans before everything became....more...uh...affordable.

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jmm2112 6 months ago

Whether you can buy a subsidized plan depends on your income and how the healthcare insurance exchange operates in your state. But it's based on gross income - they're not going to "discount" your income because you pay child support. If your support obligations are that onerous, look for ways to increase your income - perhaps a second job.

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StephenWeinstein 6 months ago

A plan under $100/month generally would not be considered "affordable". The word "affordable" has a very precise legal definition, and a plan usually can't be that cheap and still qualify to use the word "affordable". Just the cost of getting to use the word affordable can add more than $100/month to whatever the plan would have cost without that word.
A plan that doesn't cover anything unless it is something really big is exactly the type of plan that you need. A plan that covers little things is a lot more expensive, and unnecessary if you don't plan to use it. But a catastrophe plan is worth having for the remote possibility that you might experience something unexpected that would cause $30,000 to $10,000,000 of medical bills (major surgery, severe car accident, heart attack, organ transplant, etc.) if you didn't have insurance.
Also, $200/month is "only" $2400 a year, so it's cheaper than the "fee" for making around 40k without having insurance.

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