Boston Approves Low Cost Health Plans
Massachusetts Governor Deval Patrick announced that new low cost health insurance plans have been approved with premiums as low as $175 per month.
According to Metro West Daily News, seven health insurance carries were approved by the Massachusetts Commonwealth Health Insurance Connector Board, the group in charge of the state's new compulsory health care law.
All Massachusetts residents are required by law to have health insurance by July 1, 2007; those who remain uninsured after that date will be fined tax penalties.
The plans negotiated by the Connector are intended for low income individuals and families who aren't insured through jobs but make too much money to qualify for subsidized medical coverage. Roughly 180,000 people fall into this category, making about $29,400 a year.
When choosing individual or family health insurance, it's important to compare costs and make sure you're getting the best plan. Decide whether you want a lower monthly bill and higher copayments, or if higher premiums with lower out-of-pocket expenses are better for you.
There isn't a cookie-cutter health plan that's right for everyone. Getting the right coverage means assessing your own health needs while also preparing for unexpected illnesses.
Massachusetts's innovative health care reform is an interesting model, and it's certain that other states from California to New York will be watching to see if they can follow suit.
According to Metro West Daily News, seven health insurance carries were approved by the Massachusetts Commonwealth Health Insurance Connector Board, the group in charge of the state's new compulsory health care law.
All Massachusetts residents are required by law to have health insurance by July 1, 2007; those who remain uninsured after that date will be fined tax penalties.
The plans negotiated by the Connector are intended for low income individuals and families who aren't insured through jobs but make too much money to qualify for subsidized medical coverage. Roughly 180,000 people fall into this category, making about $29,400 a year.
When choosing individual or family health insurance, it's important to compare costs and make sure you're getting the best plan. Decide whether you want a lower monthly bill and higher copayments, or if higher premiums with lower out-of-pocket expenses are better for you.
There isn't a cookie-cutter health plan that's right for everyone. Getting the right coverage means assessing your own health needs while also preparing for unexpected illnesses.
Massachusetts's innovative health care reform is an interesting model, and it's certain that other states from California to New York will be watching to see if they can follow suit.
