North Carolina Health InsuranceIndividuals and Families
North Carolina Health Insurance
How to find an affordable plan.
The health and medical related expenditures for an average family of four in North Carolina is more than $20,000 per year: this according to a study recently conducted by benefits company Milliman. For those covered by group health insurance through their employer these costs may go unnoticed, even though $20,000 a year is the cost of buying a brand new compact car. This is because residents don’t know what doctor visits, treatments, and trips to the hospital actually cost. And while these numbers seem incredible for those covered by an employer plan, imagine the financial ramifications to the uninsured. Now that we know health insurance is important we must also consider the ever increasing premiums individuals have to pay for comprehensive coverage. And while Federal Health Care Reform is far from finalized, there are programs created for North Carolinians. In this article we will provide you with tools, analysis and action steps to research and find affordable health insurance.
Contact Information:Health Insurance Online - Charlotte, North Carolina
11508 Providence Rd
Charlotte NC 28277
Telephone: (877) 498-0836
Monday - Friday 9am - 5:30pm ET
Leading North Carolina Health Insurance Companies
How to Start Your Health Insurance Search
When attempting to choose the health insurance plan that is right for you, it can be overwhelming to consider and understand all of the options available. North Carolina health insurance companies and state subsidized programs offer a seemingly endless myriad of options and conditions in their health insurance policies. Considering the following factors will help you narrow down your choices and hone in on the correct plan for you.
The first aspect to consider in choosing a health plan and provider is your health history. If you have a health history free of preexisting conditions, you will have more flexibility in choosing a plan. If you have a preexisting condition then concentrate on individual health insurance plans that have a forgiving underwriting policy or who can exclude a preexisting condition for a set period of time. If you have a heart condition or other serious chronic health condition, you may want to focus on group health insurance coverage through an employer or fraternal organization or, apply for North Carolina Health Insurance Risk Pool (NCHIRP) Program. Pregnancy is also considered a preexisting condition, so if you are pregnant, you may wish to apply.
The next consideration when determining what insurance plan to buy is the cost of covering dependents. In some cases, it may be more cost effective to buy separate individual health insurance policies for your spouse and children, or it could be more cost effective to bundle them. In the case of parents who make too much to qualify for public assistance, but too little to afford coverage for their children, North Carolina’s Healthy Start Program could be your answer. To apply for this program, your children must be under 19 and residents of North Carolina.
Next, evaluate the importance of deductibles in your policy. When looking for affordable health insurance you may need to consider choosing a policy with a higher deductible. When you choose a policy with a higher deductible, your monthly premium will be lower, but your out-of-pocket costs will be higher when you actually go to the doctor. One way you can get some added benefit is by combining a health savings account with a high deductible insurance policy. You can then make a pre-tax payment to your HSA in the amount of your deductible. This allows you to combine tax benefits with cheap health insurance.
Age is always an important factor when choosing an individual health insurance plan. Health insurance for seniors can be affordable, especially once you qualify for Medicare. With Medicare, the only other health insurance policy a senior needs is a Medigap policy. Medigap policies act as a supplement to Medicare coverage and fill any gaps in coverage. Medicap covers gaps such as Medicare deductibles, prescriptions not covered by Medicare and travel expenses for specialized care of an illness or injury.
Once you have decided on the various factors discussed above, and you've changed your options around to develop a premium that you can afford to pay, you should decide whether to pay your premium monthly, semi-annually, or annually. The major concern with your frequency of premium payments is the possibility for the policy to lapse if you do not pay on time. Semi-Annual or Annual payments give you less opportunity to mail your payment late, and increase your chance of keeping your insurance policy active. Additionally, you should be able to opt for an electronic payment that can be automatically debited from your bank account, thereby further reducing the possibility of a late payment.
Health Insurance Exchanges in North Carolina
To learn more about the benefits of the Health Insurance Exchange in your state, click here
Resources and Information
North Carolina Medicare Plans
Seniors age 65 and older are eligible for a variety of Medicare plans in Ohio. Medicare plan options include Medigap and Medicare Advantage policies:
North Carolina Doctor Directory
Doctors practicing medicine in the State of North Carolina are licensed by the state. Doctors accept different forms of health insurance which you can verify before setting an appointment.