The rising cost of healthcare is enough to place a financial burden on most Americans. Those who have expensive healthcare insurance plans often struggle to pay their monthly premiums, let alone afford their copayments, coinsurance and other out-of-pocket expenses.
The federal government has several programs, subsidies and other benefits that are designed to help lower the cost of health coverage. Federal health insurance plans cover millions of Americans of all ages. Depending on your age, income and other requirements, you could qualify for affordable coverage from the U.S. government.
Are you struggling to get health insurance that fits your budget? Do you need help paying your premiums? You may qualify for health insurance assistance through one or more federal programs that help you find comprehensive low-cost health care. In some cases, you may even qualify for free health insurance from the government.
The U.S. government partners with healthcare insurance companies to reduce the cost of insurance premiums and out-of-pocket expenses through specific health care programs. These programs have different eligibility criteria you must meet in order to enroll and receive assistance.
Health insurance assistance from the federal government is available in a variety of forms. Here are three ways to get government aid:
- With subsidies. You can get health insurance subsidies that automatically lower your health insurance premiums. If you qualify, the government will pay the provider directly. Then, the provider bills you for the difference.
- With medical grants. A grant is free money you can use to pay for your health care expenses.
- With government insurance. You may qualify for a federal insurance plan if you meet age and income criteria.
You may also get health insurance for less if you are eligible for group coverage. Group insurance refers to any plan that is offered to members of a particular group, such as employees or members of a union. Group insurance has lower costs because the provider’s risk is divided among all members.
The most common way to receive group coverage is to enroll in an insurance plan through your job. Employers who have at least 50 full-time employees are legally required to offer health insurance to at least 95% of their employees. If your spouse has group coverage through their job, you may be able to join their health care plan.
You may also get health insurance as a self-employed individual if you join a union. For example, freelance unions often have specific health coverage plans for members.
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