Health Insurance

The Medicaid and Medicare programs require specific eligibility criteria in terms of income, age and disability status. For this reason, not all applicants will qualify. Texas healthcare petitioners who turn out to be ineligible for Medicaid or Medicare will still need to obtain health insurance. Fortunately, there are low-cost health insurance options available for low-income Texans.

The Individual Mandate

Some may choose to go without health insurance in order to save money. However, the Affordable Care Act’s “individual mandate” penalizes those who choose to go without health coverage. U.S. taxpayers who do not have qualifying health coverage will have to pay the “individual shared responsibility payment,” a tax penalty. The penalty for not having insurance will be equal to 2.5 percent of the household income or a fee that will be calculated based on the makeup of the household (with each adult costing the household $695 and each minor costing the household $347.50). The taxpayer will have to pay whichever one of these costs is greater.

Costs of Health Insurance

Fortunately, the Affordable Care Act has made health insurance more affordable than it was in previous years. Still, paying a health insurance premium can be a burden for low-income families who do not qualify for Medicaid or Medicare assistance. To make things easier, these families can spend time comparing some of the surprisingly affordable plans available. There is a plan available for every family’s medical needs and budget.

Applicants who do not qualify for Medicare or Medicaid can learn more about other helpful assistance programs, such as SNAP and Section 8 housing, through You’ll be amazed to see how much you can save by enrolling in a low-cost private insurance plan and participating in one or more federal benefits programs.