Health insurance provided by your employer is typically cheaper for you than private insurance companies, because your company will pay for part of your monthly insurance bill. Additionally, when an employer buys health insurance for many employees, the overall cost goes down. Large companies are required to provide health insurance for full-time employees, so you may be able to qualify for low cost health insurance through your employer.
While some part-time positions come with health insurance benefits, employers are not required to offer a health insurance plan to employees. If you are employed, be sure to check with your human resources department or your manager to find out whether you can have a company sponsored plan. You will most likely have several plans to choose from. Learn more about employee-sponsored health insurance plans below.
If you are able to receive health insurance through your job, then you probably will have the option to add your spouse or a dependent to your insurance policy.
This can lead to substantial savings every year, because you will only be paying for one insurance policy instead of two or more. Often, it is cost-efficient to opt for the family insurance plan if it is available, depending on the size of your family.
Your employer will most likely offer you more than one plan to choose from. Essentially, your employer does the work of researching and choosing plans. Be sure to compare the options your employee provides to find out which is best for you and your family. Often, the company will give you a pamphlet or electronic document that allows you to easily compare each health insurance plan.
Often, with an employer-sponsored health plan, your place of employment will share the cost of the premium with you. The only drawback is that your employer chooses the plans, so you do not have as many choices as you do buying individual health insurance.
If you make too much money to qualify for Medicaid, and if you are unemployed, self-employed, or do not work enough hours to qualify for your employer’s health insurance, there is still a great option to help you find cheap health insurance.
All you have to do is search your state’s Health Insurance Marketplace. You will have to pay for this insurance, but it may be subsidized to bring the cost down for you. Read on to learn more about how the Marketplace works and understand what you can expect when searching for a health plan there.