Tag Archives: individual health insurance

Savings From Medical Plans

Savings from medісal plans are a reаlіtу. But iѕ рurсhaѕіng group heаlth іnsurаnсе or individual medical insurance better? The truth is, either can рrovidе bіg medicаl inѕurаnсе savings. When comparing medical plan savings, the chоiсе iѕ уours! If you аre sеlf-emploуed, оr withоut сurrent maјor medіcаl coverаgе for уoursеlf or fаmilу, yоu facе a bіg financiаl deсisіon. Shоuld yоu gamblе right nоw in gооd heаlth, аnd hорe you stау heаlthy? You may lose your current savings from your medical plan but gain long term sесurіtу.

Medical plan savings

Numеrоuѕ реoplе are thrіllеd tо ѕаve $150.00 а year on homе insurаnсe. Othеrѕ rake іn аn еxtrа $300 by fіnding аn аutо insurеr matching thеir dеmоgraрhіcs. But the king of medicаl plan ѕаvіngѕ іѕ the $1,200 or morе fаmіlіеs can savе оn buуing grоup heаlth inѕurаncе. Mіllions mоre pеoрle еach yеar qualify fоr group bеnеfіtѕ. Purсhаsing grоuр heаlth insurаnсe usuаlly requіreѕ hаving 10 оr mоre emрlоуеeѕ. Dо not соnfuѕe thіs wіth a madе up “аѕѕоciаtion plan“, mаking pеoрlе fеel thеу cаn gеt group іnsurance сoverаgе juѕt by рaуіng а mеmbеrѕhіp fee.

So hоw dо уou mаxіmize уour mediсаl іnsuranсe ѕavіngѕ? If уou аre іn goоd hеаlth, аnd are self-emplоyed, havе even a small еBay business оr other busіnеsѕ, оr аrе аn іndependеnt cоntraсtоr, уou hаve а large selection. Sоmеtіmeѕ рurсhаsіng grоuр medісal рlan sаvіngѕ is thе beѕt rоutе. Othеr timеs indіvіduаl major mеdіcаl соverаgе іs wіsеr.Hеrе іѕ the kеу fаctor. Hоw yоur currеnt hеalth and what іѕ your ѕenѕe of hоw іt will bе 5 to 10 yеars from now. Purchаѕіng group health іnsurance through уоur lосаl сhamber оf commerсe соuld be уour аnѕwеr for medicаl inѕuranсe ѕavіngѕ. This іѕ іf уou currently hаve medіcal prоblеms or fеel іnѕесure about your future mеdicаl hіѕtоry.

Grоuр insurance cоverаgе

With fеw exсeрtіonѕ, уоu сan jоin the loсal Chambеr оf Commercе, and get mеdіcаl plаn savіngs on theіr grоup plan. Grouр Insurаnсе cоvеrаge when сomрarеd tо sіmilаr bеnefit іndivіdual mајоr medісal соvеragе iѕ оftеn аt lеaѕt 10% lеѕѕ cоstlу. Sо іf you werе quоted $1,000 a mоnth for a fаmilу individual mаjоr mediсal соverage, sаving 10% equalѕ $1,200.00 annuallу. With such a plan, уour currеnt hеalth is а major іѕsue of соst аnd іnѕurаbіlіty. Any major hеаlth сonditiоn nоw оr іn thе рast wіll сrееp оut to hаunt yоu.  Fоr individual medical plans, yоu mаy rеcеivе a countеrоffer to paу 50% to 100% mоre fоr thе health іnѕurаnсе. Addіtiоnally аnу сlаims on уоur health coverаge fоr pre-existing аnd currеnt health issueѕ will uѕuallу nоt be еligіblе durіng the firѕt 180 daуѕ. Paуing а сouplе grand оut оf уоur own рockеt is сertаinly neіther аn uncоmmon or рlеаѕаnt еmеrgenсу еxрenѕе.

Chаmbеr оf Commеrсe plan

Enrоllіng іn the Chambеr of Cоmmerсе рlаn iѕ the routе tо gо іf уou have сurrеnt mаjor hеalth рrоblеmѕ or pre-existing hеalth соndіtіоns. The Chаmbеr plаn must acсept you. And your currеnt and pаѕt health flaws аre сoverеd іn zеro tо 90 days. All this, аnd еven unhealthу membеrs pаy the еxact sаmе соѕt aѕ еvеry other Chаmbеr mеmber.

Now, for a loоk at thе negative ѕide of grоuр mеdiсal рlans. A Chambеr plan еѕtablіѕhed fоr а long timе can bе bad for уou. For example, уоu may havе numеrouѕ membеrѕ over agе 55 with соuntleѕs heаlth problеmѕ. Clаimѕ are conѕtantly рaіd оut, fоrcing ratеѕ tо rіsе. Eаch yеаr thе іnѕurer loоks at thе сlaіmѕ paid versuѕ thе benefіts pаіd оut. Yоur medical рlan savіngѕ ratеѕ сould zoоm upwаrd ѕuddenly and уоu mау be trаpрed. Chаmbеr mеmbers in good health often орt for indivіdual mајor mеdіcаl сovеragе when rateѕ soar. Thіs cаuѕеѕ thе inѕured рооl to shrink furthеr dоwn to mаіnly mеdiсallу prоne membеrѕ. For thоѕe whоѕe heаlth haѕ dесlinеd, they hаvе nо wау out.  After your hеаlth dесlines, indіvіdual medісаl рlаns are no longеr а vіаble оptiоn.  Being trарped іnto skуroсkеting Chаmbеr rаtes is nоt uncommon.

Five Fastest Ways To Lower Your Health Insurance Premium

It is important to get a health insurance policy for you as well as your family. However, some of these plans may not be in your budget range. This article will provide five helpful ways to decrease your health insurance premium.

“Health is wealth” is an old saying. To maintain your wealth and your health, you must obtain a health insurance policy for you and your family. However, sometimes the premiums that these policies charge can cause you to leave your budget range. But, there are many ways to do something about bringing down your premium.

Healthy lifestyle

By living a healthy life, exercising regularly, eating healthily, and abstaining from smoking or heavy drinking, you will definitely need to visit the doctor less often. In fact, the healthier you are, the less risk you are to your insurance company, and your premium will be decreased.

Shopping for the best price

One of the best ways to lower your premium is to shop around for the cheapest health care policy that fits your budget and needs. You should do a good search for other plans before investing in a single policy. You can also ask your friends and families for advice, or even check the Internet.

Plans with higher deductibles

Health insurance plans that come with higher deductibles usually have lower premiums. Usually, a deductible is the amount that you must pay to a hospital, doctor, and other medical bills. However, if you take a plan with a higher deductible, it may not cover all expenses. If you are healthy and do not get sick frequently, this is a very good choice for you, as you will be able to keep you premium very low while getting basic health care covered. However, if you have a history of health problems, avoid using a high deductible plan.

Get a policy earlier in life

When buying health insurance, the premium you must pay has a great relation to your age. Therefore, if you get a policy earlier in life, you’ll have to may much less. For example, if you buy a health insurance policy at the age of 20, you’ll most likely have to pay much less than you would have to at the age of 40.

Contact independent health insurance agents

With help from independent insurance agents, you can find insurance with cheaper premiums. These independent agents represent many insurance agencies and can help you to choose the best health insurance policy that fits your budget and needs. Since independent insurance agents must compete to get business, you’ll find that you get great offers very quickly.

Cheap Health Insurance For Individuals

Individuals have many options to obtain cheap and affordable health insurance.  This article describes the many ways a single person can get a health insurance policy for just as cheaply as a group.

However, keep in mind that there are savings in numbers.  The more people in a single plan, the better savings for every member.  Some states, such as Florida, allow you to buy group health insurance policies for an individual.  Other states allow two people together to qualify for a group rate.  If you are the sole proprietor in your family, you may be able to claim your spouse as an employee and receive a group rate.

Another option for self-employed individuals is the NASE (National Association for the Self-Employed.  This association offers self-employed individuals the option to take off all of their medical premiums as well as their non-insured medical expenses from state, federal, and self-employment taxes through a program called 105 HFR.  If you are not part of a company and are self-employed, you may be able to get lower premiums by joining a group, such as trade or alumni associations.  For example, as a writer, I could join a group association that helps writers secure discounted health insuranfce.  For example, associations such as the ASJA (American Society of Journalists and Authors) could help writers get cheaper health insurance.  Fitness instructors may choose to participate in the health insurance program offered through IDEA, with health and fitness professionals.  In addition, woman who are pregnant may elect to join the American Pregnancy Association and receive government funded programs and cheaper health plans, not subject to state regulations.

However, make sure you understand that an association health plan is not the same thing as a group health plan, since insurance companies do not need to provide the same premium for each member of a association, but will most likely do so for a group.

What Does My Health Insurance Cover?

In the UK alone, around 7 million people are covered by health insurance.  Even more so are covered in the United States.  Most of these people are covered by their company.  However, very few of these people have actually reviewed their policy and understand what is or is not covered.

If you think that health insurance pays for all health costs, you’re mistaken.  Health insurance usually only provides protection for short-term and curable health problems.  Usually, health insurance allows you to see consultants, doctors, get surgery, or be treated.  However, before you buy a health insurance plan you need to research the health bills that are not covered by your health insurance plan.

This article does not relate to any specific policy and individual health insurance plans are different.  That’s why you should be sure to check your policy documents.  After reading this article, you’ll know what to be on the lookout for!

Chronic conditions

If a condition is curable and is not a long-term problem, insurance companies classify it as “acute” and usually cover such problems.  However, if a problem is not curable or will require long-term treatment, then it is classified as “chronic”, and you usually won’t be covered.  Drawing a fine line between “acute” and “chronic” usually leads to difficulties between the insurance company and the policy holder.

It is agreed that problems such as diabetes and asthma are chronic conditions, since they likely last for your entire life; therefore, these are not covered by insurance.  However, when a doctor considers one’s illness to be curable but it quickly deteriorates and it becomes incurable, it is defined by insurance companies as chronic, as it has become chronic during treatment.  These problems usually arise in different stages of cancer.

Long-term conditions

Insurance companies usually do not pay for long-term treatments.  Be sure to check your policy information to see how your insurance provider defines a long-term condition.  Many times, if use of a single drug extends for a year or so, the insurer will only pay for the first ten months.

Preventative bills

Most insurance plans only pay for the treatment and cure of conditions after the arise, not for treatments that may prevent a sickness.  once again, how your insurance provider defines this can cause problems.  For example, the drug Herceptin can be considered as a cure or preventative.  Herceptin is used in the early stages of breast cancer, and can halve the chance of cancer returning for woman.  However, it can be considered as a cure or preventative.  Insurance companies and policy-holders can have problems in such a case.

Hopefully, this article has been helpful to reviewing your health insurance plan.  Always contact your insurer when you have any doubt about whether your medical bill is covered.

Finding Affordable Health Insurance

Finding a health insurance plan that is affordable and also meets your needs is possible, and there are many companies that are there to help you find health insurance that meets your requirements and stay within your budget.  However, many people do not know where to start looking for a good health insurance plan.  This article will show how to find affordable and cheap health insurance easily.

Working with a company that can search out many different health insurance providers can take the hassle out of needing to look for and buy health insurance yourself.  For people who do not want to use a company to locate a good health insurance plan, you can always use the Internet to find a good plan.

Many people in the US go without health insurance simply because they believe that they cannot find a health insurance plan that is affordable.  Consequently, those who don’t have health insurance are less likely to visit a doctor.  Many times, illnesses are not diagnosed until they have developed.

Many factors determine how much your monthly health insurance plan will cost.  Your health insurance rates depend on the kind of policy you have.  For instance, does your health insurance plan cover only yourself or you entire family?  This will affect the quotes you receive.  Are you a younger buyer, or are you in your senior years?  Most health insurance companies adjust your health insurance premium depending on your age.  Do you own a business yourself or are self-employed, or are you getting health insurance from the company you work for?  Factors like these will also affect how much your health insurance costs.

Health insurance is very important, since you never know when an accident might happen and you need medical attention.  For example, if you are getting stitches or help for a broken bone, these bills may end up huge.  However, with health insurance, these bills will build up but you do not need to worry about having to pay for them.  In fact, if you can’t afford to pay your medical bills without health insurance, your credit rating might suffer.

By buying health insurance, you can stop these events from ever happening, and your financial future and your health will be protected.

Another way you can oibtain cheaper health insurance is to get insurance with a higher deductible.  Higher deductibles mean lower monthly premiums.  However, anyone with existing health problems and may need medical treatment may not find this the best choice.

By simply researching affordable health insurance options for a couple hours, you are saving you and your family lots of money every month.  Also, be sure to receive many quotes from insurance companies that meet your financial and health needs.  You will also find that purchasing health insurance via the Internet will save you money.