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In 2018, it was reported that around 8.5% of Americans did not have health insurance coverage at any point during that year.
However, this doesn’t mean that everyone else had comprehensive cover. Health insurance is a complicated subject, and having some coverage doesn’t mean that you’re covered for every possible health event.
Federal health insurance plans can be very effective in many cases. However, it’s always important to make sure you understand what you’re signing up for.
Read on to learn more about federal health insurance plans and whether you should take one out.
What Are Federal Health Insurance Plans?
Federal health insurance is a scheme under which employees of the federal government can access coverage with fewer restrictions and at a lower cost than they otherwise could.
This scheme is available to almost all employees of the US government. There are some exceptions to this, most of which apply to people who only work for the government part-time or on a seasonal basis.
What Are the Different Levels of Federal Health Insurance?
There are different levels of federal health insurance. The best one for you will depend on whether you want to insure just yourself or members of your family as well.
As the name suggests, a self only plan just covers the employee themselves. This is the option for you if you don’t have a spouse or children, or if your spouse is also a federal employee availing of this coverage.
Self Plus One
Self plus one coverage allows an enrollee to extend coverage to one of their family members as well as themselves. There are certain eligibility restrictions here, however. For example, a child is only able to avail of this coverage until they turn 26.
You may change the covered family member during a period of coverage only if certain conditions are met.
Self Plus Family
This plan extends coverage to every eligible family member of the enrollee. This is usually the best option for federal employees with a number of children.
Should You Take Out a Federal Health Insurance Plan?
If you work for the federal government, it could well make sense for you to take out one of these plans. They are more affordable than typical health insurance plans, and they also require less of insured parties in terms of age, health conditions, or medical examination.
However, there are always other options. Click the link to gain a better understanding of Medicare supplements.
Staying Safe With the Right Cover in 2020
Federal health insurance plans provide a great way of covering your family’s health insurance needs if you’re an employee of the federal government. With the shadow of COVID-19 looming larger in America all the time, this is a more important consideration now than ever before.
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