Let's face it, regardless of how healthy you are; it’s impossible to tell when you might fall ill or get into an accident. And when that happens, medical expenses can wreak havoc on your finances. Having public or private health insurance in Maryland protects you as well as your loved ones from financial losses. It also ensures you access the care you need. It then makes sense to find cheap health insurance plans in Maryland. At Access Health Fast, we can help you get covered. We'll provide you with quotes for health insurance plans designed with your needs in mind in less than a couple of minutes.
Public Health Plans Vs. Private Health Plans
Here's a look at how private and public health insurance in Baltimore, MD differ:
Private Health Insurance
Private health coverages are plans offered by private companies. They can be bought by one person or for a group. Presently, most Americans have private health insurance plans. The types of private health coverage include:
Individual Health Insurance
These types of plans are purchased by an individual. The cost of individual health insurance plans varies greatly based on the different plans and benefits you receive.
This healthcare plan is given as an employment benefit by employers. However, employees with work health plans are often paid less because of the premiums paid by their employers. Typically, employee-funded health plans offer more coverage compared to government-sponsored ones.
Benefits and Drawbacks of Private Health Insurance
Private health coverages are more flexible compared to their government-funded counterparts. So as a policyholder, you have options when it comes to medical facilities and doctors you can see. However, unlike public health coverage, private insurance plans are more expensive.
Public Health Insurance
Public health coverages are government-funded plans for those who don’t qualify for subsidies, seniors, and low-income persons. The main programs under health insurance in Baltimore, Maryland are Medicare, CHIP (Children’s Health Insurance Program), and Medicaid.
This is an insurance plan for older adults age 65 and above. Some people with disabilities also qualify for this program.
The Children’s Health Insurance Program is sponsored by states and the federal government. It not only caters to kids but also families who aren't eligible for medical aid and can’t afford private insurance.
A state-federal partnership plan, Medicaid is a Maryland health insurance that covers low-income families. Thanks to The Affordable Care Act, the capacity of Medicaid has increased, covering everyone with an income under the federal poverty level.
Benefits and Drawbacks of Public Health Coverage
Public health insurance is much more affordable compared to private coverage. But, it's less flexible as individuals on the plan are limited to the healthcare providers they can see. Additionally, therapy isn't covered under government-sponsored plans.
Affordable Health Care Plans at Your Fingertips
Would you like to supplement your public health plan with private health insurance in Maryland? Or perhaps you don’t have any coverage and are looking for the perfect Maryland MD health insurance plan? At Access Health Fast, we’ll help match you with plans that best suit your needs without the hassle of doing it by yourself. Shop for plans on our website or call us: 800-296-1208.