If you are looking into the different health insurance solutions in Dallas, TX, one of the first things to know is the difference between private and public health insurance. Knowing the difference between the two is helpful because it allows you to pick the solution that works best for you.
Private Health Insurance
According to the US Census Bureau, the majority of Americans are insured through private health insurance. Of the private health insurance, employer-based programs are the most commonly used health insurance solutions in Dallas, TX. Employer-based programs are a type of private health insurance. They are not a public health insurance option.
To put it simply, private health insurance is any coverage offered through a private party, which includes an employer contracting with a third party to offer health insurance coverage. Other places to obtain private health insurance is through insurance brokers or from the companies themselves. The federal or state marketplace offers numerous private insurance options for those not eligible through an employer-based program.
Public Health Insurance
According to the US Census Bureau, Medicaid is used by 19% of all Americans, with Medicare being used by 17%. Both of these two programs are examples of public health insurance. To be considered public health insurance, the program must be offered by either state or federal programs. Another public health insurance option is CHIP or the Children’s Health Insurance Program. A person can’t just simply sign up for it and receive it with a public health insurance option. To be eligible, you must meet certain criteria, which often include age and income.
To know more information contact Jolley Insurance Solutions.