What to do if your job doesn’t offer health insurance benefits, continued

Category: Health

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There is a direct correlation between how high your deductible is and your premium. You will pay a lower monthly payment if the insurance company accepts less financial liability for your health expenses, and vice versa. When you’re healthy, young, and cash is tight, think about paying a lower monthly payment in exchange for a higher deductible.

When deciding what type of health insurance plan to purchase, consider your medical history and lifestyle. If you have no severe health problems that you know about and live a healthy lifestyle, you may not want to spend more than $60 a month. But if this is not the case, you may want to shell out more each month for a plan with a lower deductible.

When health insurance companies decide how risky it is to cover you, they look at various factors, such as your age, medical history, current health, gender, and the state you reside in. If you choose to purchase a health insurance plan after you’ve already gotten sick, many companies will likely declare it as a pre-existing condition and won’t offer you coverage to pay for medical expenses related to the condition. However, if you purchase your health insurance prior to getting sick, there are legal restrictions that prevent companies from canceling your coverage abruptly.

There are other things to consider when shopping around for a health insurance plan, such as how much you pay for prescription medications, the odds of developing a serious medical condition, how frequently you expect to visit the doctor, and whether you want long-term or short-term coverage. For instance, if you’re a woman and plan on getting pregnant soon, you would benefit more from a health insurance policy that covers maternity expenses.

Are you already facing a mountain of medical bills because you were involved in an accident or got sick when you didn’t have health insurance? We can help! If you need money to pay for medical expenses because you don’t have health insurance and you are receiving annuity payments, Peachtree Financial Solutions can help. We are a buyer of annuity payment streams and offer people lump sums of cash, so that they don’t have to wait for their money to trickle in on a periodic basis. Medical bills can be very expensive, so a lump sum of cash from Peachtree Financial Solutions can be used to help pay for them. Contact us today—Peachtree Financial Solutions has been a buyer of annuity payment streams since 1996 and we have helped thousands of people nationwide with the sale of their annuity payments. We can help you, too!

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Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.

Tags: Health Insurance, Medical Bills, medical expenses

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