High-deductible health insurance -- If employer-based coverage isn't an option, and if you want quality coverage but don't expect to use it much because you're healthy and not a regular prescription drug user, a high-deductible health insurance plan might be a good fit. These are really just traditional individual plans with higher deductibles, which usually means lower monthly premiums. Some high-deductible plans can be used with Health Savings Accounts, which allow you to save money on a tax-advantaged basis for future medical expenses.
•In 2014: High-deductible plans and Health Savings Accounts are likely to still be around in 2014. There will also be new catastrophic coverage plans that are only available to consumers under age 30.
Short-term health insurance -- If you want very basic or emergency-only coverage, or if your employer won't extend group coverage to you right away, short-term health insurance may be a good choice. It's easy to qualify for short-term coverage and these plans tend to be relatively affordable. Keep in mind, however, that short-term plans often won't cover preventive care, pre-existing conditions or prescription drugs. Short-term plans can be found online through eHealthInsurance.com.
•In 2014: Though short-term health insurance plans will still be around in 2014, they will not meet the requirements for coverage outlined in the health reform law. Going without qualifying coverage for more than 90 days could result in a tax penalty on your 2014 federal taxes.
Going uninsured -- Unfortunately, young Americans are among those most likely to be uninsured today. When you're young and relatively healthy, health insurance can feel like an unnecessary expense. However, with medical costs the way they are, a single accident or injury can result in expenses that can seriously harm your financial future. Don't go uninsured.
•In 2014: Going uninsured will literally cost you in 2014. Most consumers who go uninsured will face tax penalties of $95 or 1% of their income (whichever is greater), and those penalties will increase in future years.
eHealth, Inc. (NASDAQ: EHTH) is the parent company of eHealthInsurance, the nation's first and largest private health insurance exchange where individuals, families and small businesses can compare health insurance products from leading insurers side by side and purchase and enroll in coverage online. eHealthInsurance offers thousands of individual, family and small business health plans underwritten by more than 200 of the nation's leading health insurance companies. eHealthInsurance is licensed to sell health insurance in all 50 states and the District of Columbia. eHealth, Inc. also provides powerful online and pharmacy-based tools to help seniors navigate Medicare health insurance options, choose the right plan and enroll in select plans online through its wholly-owned subsidiary, PlanPrescriber.com (www.planprescriber.com) and through its Medicare website eHealthMedicare.com (www.eHealthMedicare.com).
For more health insurance news and information, visit the eHealthInsurance consumer blog: Get Smart - Get Covered.
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