Can you afford health insurance?
If you’re one of those who can’t afford healthcare, it’s good to know that when you can’t afford to pay for a premium plan, there are options that could help. Having one or more affordable health insurance plans can help you cover both your family and your own medical expenses.
How can I get free health care if I have dependents?
If you have dependents, looking into Medicaid can be an option for getting health care. If you don’t qualify for Medicaid, you can still get health care coverage for your children through the Children’s Health Insurance Program (CHIP). Medicaid offers free or low-cost coverage for people who are pregnant, have low incomes or have disabilities.
What is the unaffordable cost of health insurance?
The threshold of what can be considered affordable will obviously vary from one person to another. The IRS considers coverage to be unaffordable if the premiums for the cheapest plan in your area would cost you more than 8.27% of your income in 2021. 12 For 2022, this threshold will drop slightly, to 8.09% of your income. 13