7 Tips For Buying Individual Health Insurance

When you receive your health insurance benefitsbest kept secret in purchasing private health insurance.
through an employer, it will seem so easy to qualify forWhen a plan discusses the need for medical
coverage and to choose the best policy for yourunderwriting of the policy, they intend to screen your
situation. However, once you leave the protectedmedical history (including covered family members) for
confines of an employer plan (if you are laid off orany indications of problematic health conditions. Now,
become self-employed), you may be shocked to learnplease be aware, they are not just screening for
about the overwhelming restrictions now facing you.serious conditions. Rather, they are attempting to
Many people find it extremely difficult to purchasescreen out all policy holders who might ever require
reasonable healthcare coverage on their own. If this issignificant health care. For example, if your weight is
your task, here are some tips to help you navigate thetoo high, you may be denied coverage! Obviously, if
complicated and worrisome world of private healthyou or a family member has a serious issue such as
insurance.heart disease, diabetes, asthma, a disability, etc., then
1. Start early. When you know you'll be needing newyou can assume health insurance will either be denied
health coverage in the near future, begin your researchor that coverage will be offered for all health care
at least 60 to 90 days before the new coverage is toexcept for the specific health issue (known as a
begin. As you start researching and applying forwaiver of coverage for a specified condition).
potential plans, you may get the nasty surprise of5. Research state sponsored plans. Because of the
being turned down for coverage. Unlike annumerous restrictions experienced by consumers in
employer-sponsored plan, in the world of private healthpursuing individual healthcare coverage, many state
insurance, an insurance company can simply refuse togovernments have stepped in to offer reasonable
cover you for any number of health situations. Youplans and health coverage for their citizens. These
don't want to learn about this just before your existingplans may cover children, low income families, the
coverage is due to expire!self-employed and small businesses, or the
2. Cover children under other spouse's employee plan.hard-to-insure (known as a risk pool). These plans are
Private insurance options are almost never asnot strictly limited to low-income families as you might
comprehensive or as affordable as the health benefitsassume, so take the time to see what your state
provided under an employer-sponsored plan. If eithergovernment has in place for people just like you.
you or your spouse has access to health coverage6. Read the fine print. When you zero in on a health
through an employer, even when the parents areinsurance plan you like, take the time to read the fine
divorced, you should definitely research the terms ofprint. All insurance policies have restrictions and
this coverage. Don't be afraid to cover familyexclusions, and they will hold you to every comma in
members under different plans in order to find the bestthe policy. You'll want to understand what services are
health care coverage for each family member.covered or excluded, if there are waiting periods, and
3. Consider routine vs. emergency coverage. As youwhat doctors, specialists or labs you'll be authorized to
begin comparing plans available to individuals andvisit under the plan.
families, take a moment to consider your priorities for7. Never cancel prematurely. Health insurance
future healthcare. For example, does it make sense tocoverage is closely regulated by Federal and state
have a $0 co-pay for office visits (saving you perhapslaws which have put various protections in place for
$50 per year), but with restricted hospital coverage forconsumers. These protections are often negated
dealing with car accidents or the onset of a seriouswhen you willingly cancel a policy in writing. For this
disease (possibly putting your life or savings atreason, and due to the various complications noted
extreme risk)? It's not hard to see which benefits thethroughout this article, you should always have your
insurance companies will play up in their sales materials!new confirmed coverage in place before canceling
4. Understand medical underwriting. Ahhh, here's theany existing policies.