Affordable Individual Health Insurance - How To Control Your Own Insurance Costs

Individual Health Insurance - The need for affordable individual health insurance is becoming more common as the number of self-employed is increasing. Entrepreneurs change the landscape. Home businesses are growing at a phenomenal pace. The massive growth of small businesses has resulted in greater demand for individual health insurance.

Affordable Individual Health Insurance - How To Control Your Own Insurance Costs

Affordable Individual Health Insurance - How To Control Your Own Insurance Costs

This is a first for many new companies. Group health insurance is provided by the employer. Employees enrolled in a company's group health insurance plan rarely check coverage or costs. This changed dramatically when they were forced to buy their own individual packages.

COBRA (Consolidated Omnibus Budget Reconciliation Act 1985) guarantees continued coverage when you leave your employer. This coverage is available for 18 months after you leave. You have 60 days after termination to purchase your personal health package. This time window is very important for the insurance shopping process. If you are thinking about leaving your employer, then it is very important that you investigate the availability of individual health insurance.

Individual health insurance is covered medically. That means that the insurance company will collect all applicable medical information on you and or your family to determine if they can offer you an individual plan. Pre-existing conditions are often omitted and in some cases coverage may be denied.

Things to consider:

1. Health

Do not assume that you or any of your family members are the Insured. There may be certain pre-existing conditions that are covered by some companies and excluded by others.

2. Insuring yourself

The higher deduction you choose will lower your premium dramatically. This is called self-insurance. Some companies have deductibles that run into the thousands.

3. Insurance Company

There are many reliable insurance companies in the health insurance industry using their quotes to compare coverage.

We've done the research so you don't have to. Please see our recommended sources for online insurance quotes.

That's Affordable Individual Health Insurance - How To Control Your Own Insurance Costs

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