If you’re a single parent, you probably don’t get much time to yourself. You have your hands full with kids, your career, and running a household. While being a single parent can be overwhelming, you should prioritize finding health insurance to protect you and your kids in the future. Below is GoHealth’s guide to health insurance for single parents.
Find out if you or your child qualify for free health coverage
With a single income, there’s a chance you could qualify for your state’s Medicaid or CHIP program, which offer free or low-cost health insurance to children and adults that meet certain requirements. Each state is different, so check with yours to see if you qualify.
If you find yourself ineligible for Medicaid or CHIP, you still have options. Under the Affordable Care Act, you could qualify for tax credits to help lower the price for health coverage. Based on your income, if you qualify for tax credits the government will help you pay for your health coverage.
Understand the benefits covered under the law
Under the law, there are 10 essential benefits that must be covered by your health plan including regular checkups, mental health services, emergency services and more. If you choose to go without coverage, not only could you face a fine, but you would have to pay out-of-pocket for benefits that would otherwise be included with health coverage. Learn more about which benefits are covered under the law.
Choose a plan that fits your needs
Before you shop for a plan on the Marketplace, check with your employer to see what health coverage options are available to you.
There are five categories, otherwise known as metal levels, of health plans to choose from on the Marketplace. These plans include Bronze, Silver, Gold, Platinum, and Catastrophic. Bronze plans have the lowest monthly premiums, but high deductibles. On the flip side, Platinum plans have the highest monthly premiums, but lowest costs when you need care. If you anticipate having to go to the doctor often, a Platinum plan could save you money on major medical bills. However, if you do not see a doctor often and want to pay low monthly premiums, a Bronze plan could be best for you and your family.