How to Get Affordable Medical Insurance

Many Americans need affordable medical insurance in order to protect their finances in case of medical problems, and to ensure that their medical needs are cared for. While many insurance plans do not offer as extensive coverage as standard employer-sponsored plans, there are several good affordable medical insurance options available.

Difficulty: Moderately Easy

Instructions

1. 
    

   Find out if your employer offers any health or medical benefits whatsoever. Even if there is no company-paid health plan, there may be a health savings account available to you through a group high deductible insurance plan. You'll have to pay the premiums, and fund your HSA, but it may be better than looking for your own policy.

2. Compare high deductible plans on the open market. Affordable health insurance may be a few clicks of your mouse away. Look for the monthly cost as well as the availability of tax-friendly health savings accounts (HSA).

3. 
    

   Consider a medical sharing group, which is not technically health insurance but works in the same way, without a huge overhead. Under these programs, members pay a set amount each month to cover each others' medical expenses. Under one such Christian-based plan, you pay the first $300 of any medical incident and the other members pay the rest.

Tips & Warnings

• Affordable health insurance is attainable for many people. Keep looking if you don't find what you need right away.
• Slash some of your monthly bills (drop cable, cell phones and entertainment memberships) to afford health insurance for your family.