Jul 20, 2020
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If you recently lost your job due to the coronavirus lockdown, chances are good that you had to say goodbye to health insurance coverage.
The Kaiser Family Foundation estimates that close to 27 million Americans will lose their health plan as a result of the pandemic, and although many will qualify for Medicaid or a subsidized marketplace plan, nearly 6 million will be left without any affordable coverage.
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It may be tempting to put off finding a new policy until you get back on your feet, but taking that risk could wind up costing you a fortune.
In 2018 the average cost of health care in the U.S. was $11,172 per person, and that number is expected to pretty much double by 2027.
Finding the cheapest policy available means you’ll need to shop around and compare rates from multiple insurance companies. That normally takes ages, but thanks to SmartFinancial you can compare quotes online and find the best rate in just three minutes.
How SmartFinancial works
Shopping around for a health insurance policy with SmartFinancial is free and couldn’t be easier.
You just answer a few quick questions about yourself and the type of coverage you’re looking for, and SmartFinancial will sort through over 200 insurance companies to find you the best options available in your area.
They’ll even check for discounts that you might not have known about — for example, you may be able to get a lower rate if you have a gym membership or participate in a wellness program.
Once you have your offers, you just review them and pick the coverage that’s right for you.
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Protect yourself and your family
As the pandemic has shown, anything can happen. It’s never been more important to make sure you and your family are covered in case of an unexpected medical issue.
So stop putting it off and let SmartFinancial find you the best rate on a health insurance policy today.
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Shane is a reporter for MoneyWise. He holds a bachelor’s degree in English Language & Literature from Western University and is a graduate of the Algonquin College Scriptwriting program.
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