Do you want to know the 7 affordable health insurance for single parents can apply for? Keep on reading this article for more information.
Being a single parent is difficult. It can be even more challenging to be a single parent who is seeking health insurance for both your children and yourself.
Also, you need to make sure you and your family are well covered for both emergencies.
Preventive care is essential for your health and your wallet which means finding the right single parents’ health insurance.
Fortunately, the Affordable Care Act has brought health insurance within the reach of diverse people who would otherwise struggle to afford it.
Moreover, health insurance for single parents and their children has rapidly expanded in the past decade. There’s a wealth of federally subsidized and private options available for single parents.
In this article, you will learn about the top affordable health insurance for single parents.
READ MORE: Best Health Insurance For Self Employed
7 Affordable Health Insurance For Single Parents
Table of Contents
1. Medicaid
Medicaid is a state and federally-funded program designed to give health coverage to low-income individuals and families.
Moreover, the eligibility requirements are different in various states but as a single parent, you can qualify based on your income and family size. In some cases, Medicaid gives low-cost or even free health coverage for your children.
2. Children’s Health Insurance Program (CHIP)
The Children’s Health Insurance Program (CHIP) is another government program aimed at providing affordable health insurance for children from low-income families.
Also, it has coverage that includes doctor visits, immunizations, prescription medications etc. Eligibility varies by state but it’s a valuable option to make sure your kids receive the care they need.
3. Health Insurance Marketplace
The Health Insurance Marketplace was established under the Affordable Care Act (ACA). It gives you a range of health insurance plans with subsidies to help low-income individuals and families.
Moreover, single parents can explore these plans to get coverage that fits their budget. As subsidies are based on your income and family size, it is a cost-effective choice for all.
4. Employer-Sponsored Insurance
Maybe you’re employed, check whether your employer gives health insurance to benefits. Employer-sponsored insurance has different group rates, that can make it more affordable than individual plans.
Also, if the cost is shared between you and your employer, this can be a practical way to secure coverage for your family.
5. Catastrophic Health Insurance
Catastrophic health insurance plans are designed for individuals who want to protect themselves from the main medical expenses without paying high monthly premiums.
Also, not ideal for routine care, these plans can be a cost-effective way to provide financial security in case of severe illnesses or injuries.
6. Short-Term Health Insurance
Short-term health insurance plans give temporary coverage and are generally more affordable than long-term options.
Also, they are designed for specific periods are a few months and are suitable for filling gaps in coverage. Keep in mind that they have limited benefits and may not cover pre-existing conditions.
7. Nonprofit or Community-Based Programs
Some nonprofit organizations and community groups can offer assistance or access to low-cost healthcare services. These programs are good resources for single parents who are seeking affordable healthcare options.
Moreover, the local healthcare clinics, charitable organizations and community health centers’ can support you.
READ MORE: Top Health Insurance Companies
What Is Covered By Single Parents Insurance?
All health insurance policies will cover you to treat acute conditions that require an overnight stay in the hospital. Also, while you’re in a hospital, any scans and tests will be added to the cost of consultant fees.
Maybe you opt for the comprehensive policy, you and your children will also be covered by outpatient diagnostics and treatments.
What Is Not Covered?
Health insurance won’t cover chronic conditions, which means those who can’t be sure and require ongoing management.
Also, the policy can’t cover you for any pre-existing medical conditions. However, with moratorium underwriting. Those conditions will be added to the policy when you don’t suffer any symptoms in two years.
Your policy won’t cover you for the emergency services and some are private GPs, not all do, so you can still need the NHS.
How Much Is Health Insurance For Single Parents?
Several factors will determine the cost of your policy, some of you will have control over it, while others you might not.
Here are some examples:
- Your age
- The level of cover you would like
- Whether you would like to cover your children also
- Your chosen excess
- Where you live
- The hospital list you opt for
- Whether you need outpatient cover
- The provider you opt for.
The challenge with health insurance is that various factors affect the price it’s impossible to predict which provider and the policy will be best for you.
READ MORE: International Health Insurance Providers In 2023
Conclusion
Single parents need to secure health insurance for their families. These seven options give you a starting point for your search. It’s important to research and compare plans, considering factors like premiums, deductibles and coverage to find the best that meets your family’s needs and budget.
