5 Tips for Young Adults on Getting Health Insurance

​The real world is not that easy and exciting. Many young adults would end up not having health insurance the moment they need it. This is because it’s a challenge for many of them to understand health insurance. If you’re a young adult, here are some tips you need to do when it comes to purchasing health insurance.

Get Your Own Health Insurance
Even if your parents told you that they have a health insurance policy that includes you, it’s better to get your own policy. It’s easier to get a health insurance policy because you may be moving out of the home. Also, make sure that your insurance plan includes a network of health care providers where you’re moving. Make sure that you have one too before getting married.

Know the Laws That Concern Health Insurance
The tax penalty for the uninsured is gone. However, the repeal of the tax season only takes effect now. Nonetheless, regardless of the news concerning health insurance laws, make sure that you have one. However, update yourself with changes in the laws concerning health insurance. Some laws may not affect you, and that’s OK. However, others may need your attention. 

Understand Subsidies
Figure out whether to get short- or long-term insurance plans. You can do this by finding out how much you'll get in government subsidies for either choice. If you're a young adult, the best recommendation for you is major medical health insurance. You can use this only when you require healthcare. Make the right decisions before rushing into a health insurance plan that has very few benefits.

Know the Dates for the Special Enrolment Periods
The right time to sign up for your health insurance plan is around November. The insurer will also give you 60 days to choose your desired coverage. However, if you have a qualifying life event, then you can sign up for a health insurance plan anytime. 

Don’t Delay Buying a Health Insurance Policy
You may say to yourself that you don’t need health insurance because you’re still young and healthy. You may also say that it’s too expensive for you. Talk things out with your insurer or insurance agent. However, don’t expect health insurance to be cheaper the following year. Premiums increase in cost as you get older.

Some Final Words
Don’t be among the young people who retire old without having any insurance or investment for old age. Life won’t be a joke if you’re old and broke. Get health insurance while you’re young and while you can afford to pay for it.

At Rigel Hines and Associates, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (708) 283-7316 or Click Here to request a free quote.