Every year, the cost of medical coverage increases in price. Covering these costs, health insurance makes it possible for everyday individuals to afford the procedures, preventative care, and medications required to be happy and healthy. Without some form of insurance, individual’s risk having to pay for these costs by themselves, resulting in hundreds to thousands of dollars worth of possible debt. As many of the individuals who do not have insurance are at the greatest risk of being unable to afford them, finding a way to extend coverage stops people who are poor from being stuck in a perpetual state of debt. With that in mind, below is a review of your Arizona health insurance options.
The Federal Exchange
Of the 6.7 million people, roughly 16% or (nearly 1.1 million people) do not have any form of coverage. The Affordable Care Act was designed to help close this gap through the Federal Exchange. If you do not have coverage provided through your work, then the Federal Exchange provides a marketplace for you to select whatever policies you believe will work for you. More often than not, coverage will be based on what you can afford and what you need.
Employer Based Health Insurance
Employer based health insurance was the original model for health insurance in the country. However, as more and more employers stopped providing insurance, individuals have had to find coverage themselves. For the few Arizona businesses that still provide employee based health insurance, you can go through your employer’s HR department to select the health insurance that best works for your needs. The range and level of coverage will depend on your employer.
Government Insurance Options
If you are over the age of 65 and you do not have another affordable insurance option, then you can rely on Medicare. Medicare was designed to ensure that no person aging would be without coverage. As a result, it acts as a general safety net for all people over that age. If you are under 65 and are either unemployed or are not earning enough to be covered, then you can apply for Medicaid. Medicaid provides a range of options that help people not fall through the cracks, especially when they are most vulnerable.
Regardless of your insurance provider, it is incredibly important to make sure you understand your coverage and keep a card or other form of insurance information with you.