Are you struggling with a serious health problem? Is the treatment for your disease super expensive? Have you ever wondered how do white collared people or those earning a minimum wage in California pay for the expensive medical treatment? Even if you are completely healthy, a back-up plan is indeed necessary.
With only enough money to feed their family one meal a day, people with limited income are unable to pay for the medical expenses on their own, and hence, medical insurance is what comes in handy during the bad times! A medical insurance is not just a security against the unforeseen medical emergencies, but it is also truly necessary when it comes to your general well-being.
What is a Medical Insurance?
Imagine finding one day out of the blue that you are suffering from a serious illness that costs a fortune to be treated. As much as the news itself is devastating, what upsets you more is the lack of finances that will be a hindrance in your treatment. With no savings to your name, what will you do?
In times like these, a medical insurance policy is what comes in handy. Medical insurance is your financial saving for times when paying hospital bills becomes a huge struggle. Moreover, a good insurance company usually covers minor illnesses and their treatment without putting financial strain on you.
Remember, bad times can come uninvited, and hence, make sure to prepare yourself for the worst by investing wisely in medical insurance.
How Much Does It Cost to Buy Medical Insurance in California?
California is a popular state in the U.S that stretches over 900 miles, housing 39.51 million all alone. Thus, when it comes down to medical insurance, all the residents of the state, irrespective of their background and profession are bound to have medical insurance to avoid government penalties.
But, the big question is, is medical insurance expensive in California? It depends on the type of plan you buy. The following are the types of medical insurances available in California currently:
1. Bronze- This insurance type requires you to pay a monthly premium of up to $167
2. Silver- Under the silver medical insurance plan, Californians are required to pay a premium up to $182
3. Gold- If you opt for the gold plan, your monthly premium will reach $235
4. Platinum- The most expensive medical insurance requires you to pay a premium of up to $271
These are personal plans available with most insurance companies, thus before you jump into buying one, discuss your concerns with a professional to get a clear insight into the types and choose the right one.
How Do You Qualify for Government’s Medical Insurance Plan?
Does the local Californian government offer any free medical insurance to the residents that they can benefit from? Yes, it does! But there is a restriction that helps separate the needy one from the rest of the lot.
According to the government, if an individual earns less than $47, 520 per annum, or the entire family makes less than $97, 200 per year then the family qualifies for the government medical insurance plan.
Thus, if you belong to a white collared family and are worried about the medical bills, medical insurance by the government will keep you covered.
Why Is It Necessary to Get Medically Insured?
Has the thought of getting medical insurance never been of importance to you? Did you ever think about having a plan that helps you cover the cost of your medical expenses without putting much burden on you? This is where medical insurance comes to your aid.
A medical insurance plan helps cover your hospital bills. Moreover, under most plans, you can enjoy free preventive care like screenings, vaccines, and appointments/check-ups which is a huge relief when living in a state where medical care is super expensive otherwise.
Thus, with medical insurance keep yourself prepared for the worst because you never know when you or anyone else in the house falls ill. Booking appointments, paying fees, and getting medicines, the bill can certainly go higher than your expectations. So, if you’ll have medical insurance to your name, you won’t have to worry about either of the things.
Hence, put off the pressure from your shoulders and invest in medical insurance only after talking to a professional to show you the right way to help make the right decision. There are many plans to choose from and when presented with the right plan, we suggest you opt for that without giving it a second thought.
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