The Importance of Health Insurance and Your Available Options

You never plan on getting sick or having a medical problem. When the unexpected happens, medical insurance will give you peace of mind.

Health insurance is also a good way to maintain your health. Those with medical insurance tend to go for routine checkups or care when something seems off.

Here are a couple of stories from members who have shared how their medical insurance helped them during times of need:

  • Tom managed to bring his depression and bad habits under control by working with Blue Cross NC, a psychologist and other professionals.
  • Kate’s life was transformed by a high-tech prosthetic arm.
  • Margaux has saved almost $500,000 on medical bills by treating her cancer.

Health Insurance Choices

This is a list of the many choices that you have when choosing an insurance plan. You should consider your personal situation, including your employment, your family’s health needs, and your budget.

You can contact us by phone, email or chat if you want to discuss your specific needs and plans. You can also contact a local insurance agent.

22-25 years old

  • Protection via your pupil well being plan — Many faculties provide pupil well being plans. This is a simple and affordable way to obtain basic protection. It’s often included in your tuition.
  • If your parents have insurance, you can stay on it until you turn 26.

26 years old and older

  • Medicaid is a health insurance program for low-income children, adults and families. You can apply online, by mail or personally at your local Division of Social Services (DSS).
  • Plans that offer catastrophic protection — These plans provide coverage for major health issues. Your monthly premium will be lower due to the limited coverage, but you may have a high deductible.
  • Market Plans – Market plans are available where you may qualify for tax credits or other financial savings.
  • Blue Cross NC Individual Plans – Many of our plans offer coverage statewide and preventive services are paid 100%. You will have access to online instruments that allow you to find doctors and compare well being care costs.

Employer-sponsored medical health insurance

If you are employed by an employer that offers medical insurance as part of its benefits package, then this is the best option for you. You pay a part of the cost.

There will still be a copay or coinsurance. These plans are attractive because the premiums are deducted from your pay before taxes.

Conditions change and life happens

Life happens, and circumstances change. In the medical insurance industry, these life-changing events are called “qualifying life events.” If you experience a qualifying event, you become eligible for a specific enrollment period. You can then choose to enroll in coverage or change your current plan. You can make any necessary adjustments, or choose a new or different plan based on your needs.

Some qualifying life occasions embrace:

  • Get married
  • Have a child
  • Dropping other well being insurance coverage due to occasions, such as a job reduction
  • Moving to a new state. ( Note: Non-permanent strikes, non-permanent changes in location and long-term hospital stays are not qualifying events.
  • After turning 26, you will no longer be eligible for coverage under your mother or father’s plan.

If you have experienced a qualifying event in your life, it is important to purchase and choose new medical insurance immediately. A particular enrollment period is usually only available up to 60 days following the qualifying event. You may not be able to change or add medical insurance coverage until the next open enrollment period begins.

Learn more about the deadlines, and how to apply.

The Biden administration opened an enrollment period for the COVID-19 pandemic. You can enroll in new insurance plans or make changes to your existing plan regardless of whether you have experienced a qualifying event.

This enrollment period began on February 15, 2020 and ends on May 15, 2020. This is the time to select a new medical insurance policy. Here’s everything you need to know about this enrollment period.