Finding the Cheapest Health Insurance Quote


 Finding the Cheapest Health Insurance Quote

Finding the cheapest health insurance quote is a task that can’t really be met with a one size fits all solution. In order to find what will work best for your specific needs, there are certain steps you should take to help make the process easier. 

You’ll want to start by coming up with a few different ideas of the type of coverage you may be looking for. Determine which plan would cover which aspects of your medical needs and chooses what limitations, like deductible amount or coinsurance percentage you prefer. Once you have narrowed down your choices, start getting quotes from insurers in your area and comparing them to get an idea where prices stand at the moment in time. 

You will need to decide on how much you want to spend for monthly premiums. While this can be difficult, it is not impossible. A good way to make sure you end up with the most cost effective plans is by asking the different insurers several questions. Find out what their deductibles are, what their co-pays are and what those co-pays can cost after your deductible has been met. 

Once you have all of this information, you should be able to easily be able to compare multiple quotes within a short amount of time, which will help save time and money. Remember to always ask any questions you may have along the way that could save you money as well. 


Below are some tips to get cheap health insurance in Texas.

The Affordable Care Act (ACA) requires most individuals to have health insurance. Uninsured people with incomes under 138 percent of poverty ($11,880 for an individual or $23,520 for a family of four) are eligible for premium credits ($3,755 per person in 2016), cost sharing reductions ($4,650 per person in 2016), and Medicaid ($16 billion in 2014). The federal government initially expanded Medicaid to cover the low-income uninsured and is now phasing out its assistance with the ACA. The latest provisions of the ACA expanded Medicaid to cover those with incomes up to 138 percent.

In Texas, the Kaiser Family Foundation reports that in 2015 there were 14,801,399 nonelderly residents (under age 65), and of them 8,794,676 were uninsured or 19.1%. Texas is a large state so that the percentage of uninsured is among the lowest in the country. A larger proportion of Texans (22%) had employer-based coverage compared to residents of most states. The Texas study found that 46% of those uninsured were eligible for Medicaid.

The Texas healthcare marketplace is the Health Insurance Marketplace created by the Affordable Care Act (ACA). In 2017, United Healthcare joined Blue Cross and Blue Shield of Texas as another insurance company offering plans in Texas on the Health Insurance Marketplace.


Texas has a high-risk pool which can be used if insurance companies do not offer coverage to people with pre-existing conditions and continue to not offer coverage after the upcoming election in November.

Texas also offers numerous free clinics, including the Federal Tort Claims Act (FTCA) clinics run by the Indian Health Service. These are partially funded by the Indian Health Service. There are also state-funded free clinics that receive grants to cover uninsured people, as well as low income families and under he poverty line. Uninsured families can receive health care in these federally funded clinics by appointment or on a walk-in basis. Some of these clinics are Certified Community Health Centers (CCCHs), others are Rural Health Clinics (RHCs), Rural Health Centers (RHCs), underserved medical lesions (UMIs) or other health centers that offer services on a sliding fee scale based on income.

There are two ways to obtain health insurance in Texas: 

Texas can also be challenged with a medical malpractice suit. The basis of the suit is that the client was injured by an action or failure to act on the part of a professional, and this led to harm. In such claims, the jury must determine whether the professional was negligent or not. By law, only Texas citizens can bring such claims.
There is also a risk of being overcharged for medical services and treatments if one does not have insurance.

For those who do not have insurance coverage in Texas, there are several options:

2018 is once again shaping up to be another expensive year in terms of health care costs. The premiums rise, and the tax credits are adjusted to the rising premiums, so the cost remains affordable. Even though some companies have withdrawn from the marketplace due to financial losses, many Texans will still have access to a wide choice of health insurance plans at competitive prices.

Each insurance company has their own medical providers, hospitals and other facilities on which they base their rates. However, in order for that company to be able to rely on those facilities for claims or network purposes, they must pay an agreement fee every year in order to be licensed with those providers and facilities. The amount of this agreement fee increases each year with medical inflation. If insurance companies do not pay these fees they will not be included in that company's network for that year.

In Texas (and most other states) the cost of healthcare rises each year with medical inflation. For anyone not on Medicare, every year their rate goes up by the medical inflation amount. However, even though their premium goes up each year, the insurance company is not making more money. The reason for this is that in addition to paying a percentage of the premium to its provider network every year, it also has to pay a percentage (in 2017 it's about 25%) of the premium for taxes, fees and fraud prevention—all which are used for specific purposes within the government system. This number goes up every year so that the insurance company does not have to pay a larger proportion than their current percentage of the premium.

In addition, even though the rates go up each year by medical inflation, if an insurance company has been paying claims for their members over many years, they will be able to base future premiums on this experience. In other words, when setting a premium for the next year's plan they know that they have already paid $100 million in claims for this plan (based upon the history of past claims and current trends) and that is what they would expect to pay in the next year.

Conclusion: The insurance company makes a profit while still paying less than it costs to insure each year. It is for this reason that insurance companies are able to negotiate lower rates for their customers.

There are several ways to purchase health insurance in Texas. Since the ACA has been implemented, there has been a sharp decrease in the percentage of uninsured residents without affordable health coverage or ability to afford health coverage at all. Some of these options include:

In Texas, special enrollment periods apply when an insurance policy is cancelled or non-renewed.

Post a Comment

Previous Post Next Post