If you’re a young adult living on your own, finding affordable health insurance can be a challenge. The good news is that there are several options available to you. In this blog post, we’ll discuss some of the most affordable health insurance options for young adults, including:

Employer-sponsored plans
Marketplace plans
Medicaid and CHIP

Employer-Sponsored Plans

If you’re employed, your employer may offer health insurance as a benefit. Employer-sponsored plans are often the most affordable option for young adults because your employer typically pays a portion of the premium.

To find out if your employer offers health insurance, contact your human resources department. If your employer does offer health insurance, you’ll need to decide whether or not to enroll.

Marketplace Plans

If you’re not eligible for employer-sponsored health insurance, you can purchase a plan through the Marketplace. The Marketplace is a government-run website where you can compare health insurance plans and prices from different insurers.

To qualify for a Marketplace plan, you must meet certain income requirements. The income limits vary depending on your state, but in general, you must earn less than 400% of the federal poverty level (FPL) to qualify.

If you qualify for a Marketplace plan, you may be eligible for premium tax credits. Premium tax credits are subsidies that help lower the cost of your health insurance premiums.

To apply for a Marketplace plan, you can visit the Marketplace website or call the Marketplace call center.

Medicaid and CHIP

Medicaid and CHIP are government-funded health insurance programs for low-income individuals and families. If you meet the income requirements, you may be eligible for Medicaid or CHIP.

To apply for Medicaid or CHIP, you can contact your state Medicaid agency.

Conclusion

If you’re a young adult living on your own, finding affordable health insurance can be a challenge. However, there are several options available to you, including employer-sponsored plans, Marketplace plans, and Medicaid and CHIP.

If you’re not sure which option is right for you, you can contact a licensed insurance agent for help. They can help you compare plans and prices, and they can answer any questions you have.