Different Types of Health Insurance
There are different types of health insurance available in the United States depending on a person’s age, income, employment status, and whether they have any health conditions.
- Medicare is a health insurance program for people aged 65 and over, or for those under 65 who have certain disabilities. It is run by the federal government and funded through payroll taxes.
- Medicaid is a health insurance program for low-income people of all ages. It is also run by the federal government, but each state has different eligibility requirements.
- Employer-sponsored insurance is insurance that is offered by an employer to its employees. This is usually the most comprehensive type of health insurance, but it can be expensive.
- Health insurance purchased through a health care marketplace is insurance that is purchased through the government’s health insurance marketplace. This type of insurance is usually less expensive than employer-sponsored insurance.
- Health insurance purchased directly from an insurance company is insurance that is purchased directly from a private insurance company. This type of insurance can be more expensive than other types of insurance, but it can also be more comprehensive.
Look at different options, and consider which kind of coverage is right for you! Having health insurance can be the difference between financial security and a huge medical bill!