How to Find Affordable Health Insurance

Key Health Insurance Costs

Premium – The monthly cost of your insurance plan.
Deductible – The amount you must pay before insurance starts covering costs.
Copayments & Coinsurance – Your share of medical expenses after meeting the deductible.
Out-of-Pocket Maximum – The most you will pay in a year before insurance covers 100% of costs.

💡 Tip: A plan with a low premium may have a high deductible, meaning you’ll pay more out of pocket before benefits kick in.

Types of Health Insurance Plans

There are several ways to get health insurance, and the best option depends on your situation.

Employer-Sponsored Insurance

Many employers offer group health plans, which are often cheaper than individual plans.
Employers may pay a portion of your premium, lowering your costs.

ACA Marketplace Plans

Available on Apollo-insurance.com or state exchanges.
You may qualify for subsidies to reduce costs based on your income.

Medicaid and Medicare

Medicaid: Free or low-cost insurance for low-income individuals and families.
Medicare: Health coverage for seniors (65+) and some disabled individuals.

Short-Term Health Insurance

Provides temporary coverage but often lacks essential benefits.
Best for healthy individuals needing temporary insurance.

Health-Sharing Plans

Non-traditional coverage where members share medical expenses.
Often cheaper but not legally required to cover pre-existing conditions.

Finding Affordable Employer-Sponsored Health Insurance

If your job offers health insurance, it’s likely one of your most affordable options.

How to Maximize Employer Benefits

✅ Choose the plan with the best balance of cost and coverage.
✅ Take advantage of Health Savings Accounts (HSA) or Flexible Spending Accounts (FSA).
✅ Check if your employer offers wellness incentives or discounts.

Using the ACA Marketplace for Affordable Plans

If you don’t have employer coverage, the Affordable Care Act (ACA) marketplace is a great option.

How to Get Affordable Health insurance Coverage on apollo-insurance

Visit Apollo-insurance.com and enter your income details.
See if you qualify for subsidies (many people get premium tax credits).
Compare multiple plans to find the most affordable one.

💡 Tip: If your income is between 100% and 400% of the federal poverty level, you likely qualify for premium subsidies.

Qualifying for Medicaid and Medicare

Who Qualifies for Medicaid?

Low-income adults, children, pregnant women, and seniors.
Eligibility varies by state (check your state’s Medicaid website).

Affordable Medicare Options

Medicare Part A & B: Covers hospital and medical services.
Medicare Advantage (Part C): May include dental, vision, and prescription coverage.
Medicare Savings Programs: Help low-income seniors pay for premiums.

Exploring Short-Term and Catastrophic Health Insurance

When to Consider Short-Term Insurance

If you’re between jobs and waiting for employer coverage.
If you missed open enrollment and don’t qualify for an SEP.
Who Can Get a Catastrophic Plan?

People under 30 or those with financial hardship exemptions.
Low premiums but very high deductibles.

Using Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA)

Feature	HSA	FSA
Owned by Employee	✅	❌ (Employer-owned)
Funds Roll Over	✅	❌ (Use it or lose it)
Tax-Free Contributions	✅	✅
Must Have HDHP	✅	❌

💡 Tip: An HSA is a great way to save on medical expenses tax-free if you have a high-deductible plan.

Tips for Reducing Health Insurance Costs

✅ Choose a high-deductible plan if you’re healthy.
✅ Use in-network doctors to avoid extra charges.
✅ Look for prescription discount programs like GoodRx.
✅ Check for state-sponsored health programs.

Comparing Plans to Get the Best Deal

Use Healthcare.gov and insurance comparison sites.
Work with an independent agent who can find the cheapest plan.

Conclusion

Finding affordable health insurance is possible if you know where to look. Consider employer-sponsored plans, ACA marketplace subsidies, Medicaid, and HSAs to lower costs. Compare different options carefully and don’t just choose the cheapest premium—look at total costs.