Hints on getting the right individual plan
- Author Marcus Stalder
- Published September 30, 2010
- Word count 545
The majority of US citizens who have their health insured get their coverage through employer-sponsored group plans. Still, not all employers provide such coverage options. And if you happen to be employed at such an enterprise this means that you are forced to look for an individual insurance plan.
Despite the common belief, there are some pros to buying individual insurance through private companies. The biggest advantage here is of course in the possibility of tailoring your policy to your exact needs, instead of coping with plans selected by the employer. You are free to adjust the plan just as you like, dropping coverage you don't need and raising your deductibles for lower premiums.
And instead of being the hostage of your workplace in terms of insurance coverage, with individual plans you get the protection you need no matter where you are working at the moment. For as long as you pay the premiums you will be covered, even if you're unemployed.
However, there are certain disadvantages to individual insurance plans as well:
• Group insurance plans provided by employers usually carry more coverage than individual plans with the same rates. That is because group plans have lower marketing and servicing costs compared to individual ones.
• Most group insurance plans provide coverage to all employees and their family members, while individual plains may refuse to cover persons who have certain health problems. And some plans will also drop coverage on a range of pre-existing health conditions.
• In the majority of states, the premiums you pay for individual health insurance gradually increase as you get older. At first, you can avoid paying too high premiums by switching providers on a regular basis. But as you age, it will be harder to get cheap health insurance as most companies charge older people with higher rates.
If you still wish to find good individual insurance plan then you will definitely need a good insurance agent to work with. Defining the amount of coverage and types of coverage to be included in your plan is a tough decision. Working with a competent agent will help you define your insurance needs and get the right coverage for your personal situation. Remember that you have to trust your agent in order to get the most out of your collaboration. You have to provide all the information required as only this way your agent can help you with the best health insurance quotes he can find.
Don't forget to ask the following questions when looking for an individual plan:
Will this plan offer the coverage for going to a specific doctor or hospital?
What the referral system is all about?
How pre-existing conditions are covered?
What about coverage away from home?
How much should I pay in premiums, deductibles and co-payments?
Are there any additional payments I have to know about?
Are there any maximum amounts that the plan will pay?
Are there any specific benefits available with this plan?
It may look hard finding a good plan in the individual insurance market. So make sure to make the purchase with caution, like you would do with an expensive item, say a car. Research all of your options, see what companies are offering and make the decision only after analyzing all the possibilities.
Professional writers like Marcus Stalder appreciate it when they have a ground for helping people learn more about things. [http://www.hiinetwork.com/wp-admin/post.php?action=edit&post=124&message=6](http://www.hiinetwork.com/wp-admin/post.php?action=edit&post=124&message=6) is just the place for Marcus Stalder and other professionals share their knowledge with others.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Luxury Chauffeur Services: A Journey of Elegance and Convenience
- Acura MDX and Honda Pilot: Which one will you choose?
- How to Save Money Every Day With Promo Codes
- Fresh Paint for a Fast Sale: Here's Why You Should Paint Before Listing
- The Invisible Impact of Missing Teeth: Why Replacing Them Matters
- Detecting Dental Beauty: 5 Core Traits of a Beautiful Smile
- Timeless Toothcare: Dental Hygiene Tips for Seniors
- Saving Old Smiles: How In-House Dental Discount Plans Help Seniors
- Too Much of a Good Thing? Signs You’re Brushing Your Teeth Too Hard
- Why a Root Canal Might Be the Best News for Your Tooth
- 10 Techniques for Achieving a Lean and Efficient Supply Chain
- What is DuckDuckGo?
- The Role of Lighting Stores in Brampton: Shaping Spaces for the Future
- The Role of Commercial Cleaning Services in Auckland: A Comprehensive Guide
- Exploring the World of Chauffeur Service: Benefits, Challenges, and Best Practices
- Nerds and Geeks: They still live on!
- IQ Tests: History, Uses, and Choosing a Reliable Resource
- 8 Great Ways To Teach Kids About Oral Hygiene
- App Development as a Catalyst for Business Growth
- Costs of arranging a Mortgage in Spain
- TikTok and Instagram: Ways you will grow and learn.
- Mustang GT: Ford Motor Company is a Rising Force!
- 10 Ways to Transform Production Scheduling in Business Central
- Elevating Your Home with Bold Decor and Vintage Carved Doors
- The Ultimate Skin Care Guide for Every Weather
- Do I Need Insurance When I Rent a Boat?
- Casino Bonuses: How to Maximize Your Rewards and Enhance Your Gameplay
- Was Joseph Stalin a good or bad leader of the Soviet Union?
- Top 5 Slots with the Highest RTP: A Winning Guarantee or a Myth?
- The Thrill of the Hunt Discovering the World of Location-Based Entertainment