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Health Insurance Calculator
When you are considering buying health insurance, it makes sense that you would want to use some sort of health insurance calculator. This is usually a tool that helps consumers to estimate what their potential healthcare costs will be, or what their monthly premiums could be. With the new Affordable Care Act in place, such a tool can also help you determine whether or not you are eligible for an insurance subsidy to help you pay for the costs of a new health plan. However, with the newest administration, the availability of subsidies is likely to change, so you will need to keep checking back here in order to find out the most current uses of this helpful tool.
How to Use it
Most tools like this start off with some basic information. You will need to put in your estimated income for the coming year, so that whoever is providing the calculating service can determine your potential subsidy. You will then have to put in information about your age, how many people will need to be covered on the policy and your zip code. Then you will usually be led to a page that details your potential insurance options.
Health Insurance Options
Some states have their own health insurance exchanges while others will require you to use the federal exchange for health insurance. If you are under 30 years old you will be able to purchase a catastrophic plan that has a super high deductible. Otherwise you will get a plan that has some more comprehensive coverage. For those plans there are bronze, platinum and gold plans that all have varying levels of copayments or coinsurance for each doctor’s visit. All plans cover preventative services like a yearly check up, pap smears for women and some STI testing. A health insurance calculator will help you to determine which type of health insurance you will want to get.
This calculator is a great tool to help you figure things out when it comes to health insurance. That way you can consider what you will want to get before you have to apply online. If you need some help you can always contact a specialist to help you make the right decision for you.