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Medical Insurance for a Single Person

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The lowdown...
  • The Health Insurance Marketplace offers medical insurance plans for single individuals.
  • HealthCare.gov offers a plan finder that helps you find affordable medical insurance outside of the Health Insurance Marketplace
  • If you are a single person under the age of 26, you may qualify to get on or stay on your parent’s health insurance plan
  • If you are single and a student, you may qualify for a student health plan. Medical insurance through the school you are attending meets the minimum-coverage standard under Obamacare

Many single individuals use the Health Insurance Marketplace to find medical coverage. The Marketplace will help you find health insurance if you currently do not have a plan. Since the Affordable Care Act requires every American to have a qualifying health insurance plan, you can use the Marketplace to find a qualifying plan if you do not have insurance through work or another outlet.

Since the Affordable Care Act requires every American to have a qualifying health insurance plan, you can use the Marketplace to find a qualifying plan if you do not have insurance through work or another outlet.

The amount you can expect to pay in premiums, deductibles, and copays all depends on your income. You can save money as a single person through Marketplace plans via premium tax credits or reductions in deductibles or copayments. The Health Insurance Marketplace, also known as the Healthcare Exchange, offers plans from private insurance companies with different coverage options and prices.

Shop for health insurance today — enter your zip code above for free quotes!

Using the Healthcare.gov Plan Finder

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If you are single and would like to obtain medical insurance outside of the Healthcare Exchange and are unsure where to begin, you can start with the plan finder offered by healthcare.gov. This government-backed website allows you to compare private insurance plans not offered in the Marketplace.

However, these plans are not eligible for premium tax credits. The Affordable Care Act only provides premium tax credits to individuals who enroll in plans found through the Healthcare Exchange. If you enroll in health insurance through the plan finder, the coverage meets the minimum standard outlined by the Affordable Care Act.

Obtaining Coverage Using a Parent’s Plan

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Under the Affordable Care Act, anyone under the age of 26 can obtain coverage through a parent’s health insurance plan if it allows for dependents. If your parents have a job-based plan, they can add you to their plan during the special enrollment period or the open enrollment period. Talk with your parents about checking with their benefits department.

If your parents bought a plan through the Healthcare Exchange, they can add you to the plan during the special enrollment period or the open enrollment period. However, your parents can only add you during the enrollment periods.

You can stay on your parent’s plan even if you get married or live outside your parent’s home. Once you turn 26, your medical coverage usually expires.

Student Medical Insurance

If you are single and a student, you may qualify for a student health plan. Many colleges and universities offer student health plans that meet the minimum-coverage standard under current healthcare laws. However, you can still enroll in a Marketplace plan even if you qualify for a student health plan.

In some instances, single students will enroll in a Marketplace plan for better coverage options and the qualifying premium tax credits. It is vital to compare your student health plan to plans offered on the Healthcare Exchange.

Medicaid

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Upon the full enactment in 2013 of the Affordable Care Act, Medicaid eligibility expanded to low-income single adults without children in all 50 states. In the past, some states did not allow single individuals without children to enroll in Medicaid. Anyone with an income up to 133 percent of the federal poverty level under the age of 65 can qualify for Medicaid.

Medicaid is a low-income health insurance program funded by both the federal and state governments. The program pays for most, if not all of your medical expenses. In some states, you may need to pay a small monthly premium or copay.

Keep in mind that Medicaid is a separate program from Medicare.

However, if you are single, over the age of 65 and qualify for both Medicare and Medicaid, you may fall under the category of “dual eligibles”. Under this category, all of your medical expenses, including premiums, copays, and deductibles, are paid for by either Medicare or Medicaid. Each state has different methods of applying so contact your state’s Medicaid program.

Medical Insurance Requirements

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By law, you must have medical insurance. Even if you are a single, healthy person who believes you do not need health insurance, the Affordable Care Act requires you to find coverage.

If you do not obtain medical insurance, you are subject to a fine for not having minimum health insurance. The fee is $695 per year, per adult or 2.5 percent of your income.

Spare yourself the stress of tax penalties and rest assured that your health is in good hands. Compare free health insurance quotes with your zip code on this site today!

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