Individual Health Insurance Plans

Buying individual health insurance plans is a feasible option if you want to avoid falling victim to the escalating medical costs. Buying individual health insurance plans that cover your family is an ideal solution to keep your medical bills in check. This is even more important if you are self-employed or are working for a company that does not cover your health insurance. Even for those working in companies that provide group insurance, it is better to play safe and buy an individual health insurance plan for a greater security.

With so many companies in the market offering affordable individual health plans, it is best to study various options before arriving at any decision. There are three types of policies available for individuals, families and for those who are self employed –PPO Plans, HMO Plans, and Indemnity Plans.

In a PPO (Preferred Provider Organization), you have the option of choosing your health provider from a pool of doctors associated with the network. If you opt for the HMO (Health Management Plan), you will be able to choose one doctor who will then be your primary health physician. But if you need to go to a specialist, you will need a nod of approval from him or her. Indemnity Plans are the traditional health insurance plans wherein you can choose any hospital or doctor for your services.

Once you decide upon the plan, contact the companies to get their quotes. The best thing is to seek expert advice and consult your friends, in case they have bought health coverage plans. Study the quotes carefully and compare the plans. You will find that some plans cover additional benefits like providing prescription drugs or offering facilities for preventive care. Vision care and maternity care benefits are also covered by some plans.

Another factor that you need to analyze carefully is that of additional costs that might be involved. This means that apart from the monthly premiums, you may end up paying additional costs. These costs can really make a difference to your budget especially if the plan covers your children or other family members.

All said, any individual health plan that you buy should cover your hospital expenses, surgical expenses, and physician’s expenses as also any incidental costs in case you are hospitalized.

By Kevin Stith

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Individual Health Insurance Advice

Getting the best health insurance plans for you can be difficult especially if you are the type of person who easily gets sick or is more inclined to physical injuries. If you are not employed or if you are running your own business but you wish to get a health plan, then getting an individual health policy may be a good move. But is it really the right insurance for you Here are some tips on how to get the best individual health policy.

Stay healthy

You current state of health can make a big impact when you are applying for an individual health insurance. Insurance companies require their applicants to take a physical exam to determine the eligibility of their clients. If the results of these tests show that you are a high risk client (you are more likely to become sick), then they may require you to pay a high premium or they may not accept your application altogether.

Know what you are getting

When getting an insurance plan, make sure that you know exactly what you are getting into. Learn the insurance language, so to speak. Know how much premium you will have to pay, the amount of your deductibles, and most importantly, the benefits you will be entitled to. Premiums are basically your monthly dues. Deductibles are what you will pay the hospital in case you get hospitalized before the insurance provider will start to cover your expenses.

Get what you need

Some insurance providers will make you choose from a number of benefits that you want to include in your insurance package. Of course, the number of benefits you want will affect your premium. So when choosing your specific benefits, make sure that they will be useful to you.
By.Kevin Stith

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