Things You Need to Know About Health Insurance For Individuals

The Reason A Co-Payment Is Necessary

In this working population, lots of people possess health insurance for individuals’ plan in which the employer generally insures a big portion of the annual premiums. Employees will still be expected to come up with a co-payment every time they pay a visit to a health care professional. This payment consists of only a small amount of money come out from the employees’ pocket towards the price for getting the treatments. This option of health insurance plan is well known. Due to the co-payment, people today will likely not make unwanted visits to the medical practitioners for very minor health problems which they can essentially treat by themselves at home. In turn, this also helps the health insurance organization to reduce the premiums, particularly in this very competitive market.

Applying Medicare For People Above 65

If one is above 65 and currently have some kind of disabilities, an individual can start looking into the likelihood of having a Medicare to assist them in cutting down more in the medical expenditures. One significant negative aspect that an individual should know is that Medicare will not cover up the fees for the drugs prescribed. This expense also includes the cost of making use a nursing home. Having said that, don’t lose hope. There are still inexpensive prescription options obtainable in the industry which often can benefit you tremendously in reducing the expense borne for paying prescription drugs.

Apply For HSA(Healthcare Savings Account) To Your Advantage

Unfortunately, if you visit the medical doctor very regularly due to some health related conditions in which you may experience, it is best for you to sign up for a HSA account. This will help you to reduce your once a month health related spending drastically. How this operates is that you can reserve a portion of money to be deducted from your salary once a month and to be deposited into the HSA. This sum of money can then be used to handle the expenses for all health-related expenses borne. This will efficiently help you to minimize your medical fees, as the cash in the HSA is from your income prior to tax.

Given above are merely various tips in which you can certainly be aware of before purchasing any health care insurance. Thus, prior to you deciding opting for any health insurance products, complete your homework first. For example, you will need to make a decision about whether you are prepared to co-pay in your medical plan or prefer paying higher annual or per month premiums that will permit you not paying for the medical treatment you receive.

Lastly, irrespective of what health insurance for individuals plan you choose to pursue, don’t just decide on one that may cost you the cheapest. Believe it or not, you have to try to select one that go well with your requirements in terms of restrictions, coverage and benefits that you could possibly get.

Affordable Health Insurance Plans for an Unemployed or Self-Employed Individual

Can an unemployed or self employed person find individual health insurance? I always thought that once you are unemployed, or self employed, you were going to pay through the nose for insurance. If you were laid off from your job, you get to spend a lot of money monthly on COBRA payments. (Consolidated Omnibus Budget Reconciliation Act)

For those of you who have not had the lovely experience of being released from a job and don’t know what it is, COBRA allows former employees to continue their group health plan through their former employer by paying the monthly premium. The premium is usually a lot higher because the employers contribution is no longer there. COBRA generally lasts for about 18 months. I used to think that once COBRA ran out, that was it. You were doomed.

After doing some research, I found out that the end of COBRA isn’t a death knell. There are options out there. There are some states that allow a self-employed individual to purchase a group policy for a group consisting of one person. In other states you must have two people to qualify for a group rate. If you are self employed and your spouse assists you with things like filing, answering the phone, bookkeeping, you may qualify for the group rate by claiming your spouse as an employee.

Yet another option is NASE, the National Association for the Self-Employed. NASE has a program called 105 HFR. Through this program self-employed individuals may deduct 100% of their premiums and their non insured medical expense from state, federal and self employment taxes. This sounds like something worth investigating if you’re self employed

If you’re not a business owner, there are still options that may suit you. You may be able to join an association and enjoy a lower premium group plan. You can join a trade or alumni association.

In researching for this article, I discovered that as a writer I might want to investigate the group health programs offered by ASJA, American Society of Journalist and Authors. If I were an actor, I might look into a plan offered by The Actors Fund of America , or a fitness instructor I would look into IDEA, an organization for health and fitness professionals. Pregnant women should investigate American Pregnancy Association which, in addition to government funded programs, offers discount health programs such as MaternityCard(TM) AmeriPlan. Get the idea? There are options available.

Association premiums are lower because the plans are not subject to the same state regulations that group health plans are subject to. However, unlike a group plan, all members are not charged the same premium. Members premiums are calculated individually.

I’ve mentioned a few associations above. I strongly suggest that you do your own research. There may be an association in your particular field in which you can participate. Talk to people, network, use the internet. Don’t stop until you’ve found something that will work for you.

North Carolina Health Insurance

Nowadays, you can find a variety of health insurance plans in the United States and North Carolina, the home of many brilliant physicians, hospitals, and reliable health insurance companies.

With the cost of health care getting higher and higher, you are likely to land in deep trouble if you have a serious accident or a major illness. Buying health insurance can save you from a financial disaster. Armed with health insurance, you can protect yourself and your family if you are in need of expensive medical treatment. In that case, a third party will pay your expenses, which can be an insurance company or even your employer.

Most people receive health insurance through their jobs. Called group insurance, it is less expensive and in many cases the employer takes responsibility of the total or partial cost. Although some employers offer only one health insurance plan, some others offer you a choice of plans: a fee-for-service plan, a health maintenance organization (HMO), or a preferred provider organization (PPO). Most of the plans have some kind of managed care program to help control costs. All HMOs, PPOs, and several fee-for-service plans, have managed care. In case you don’t get this benefit from your employer, you can go for an individual policy.

Health insurance companies in North Carolina offer several plans for individuals, couples and families. In NC, you find group health insurance programs for employees of all sizes of businesses. Health insurance plans in North Carolina are not beyond your reach because you can select a policy that matches your budget. In North Carolina many public and private employers offer a managed care option to employees. The state of North Carolina offers many types of managed care options to state employees and their dependents, and it also has a portion of the Medicaid population enrolled in managed care plans.

There are a number of health insurance companies licensed and approved to do business in North Carolina. The choice is yours.

Group Health Insurance Vs Individual Health Insurance

If you are uninsured, you may be wondering what the difference is between group health insurance and individual health insurance. Let’s take a look at the difference.

Group coverage is very popular and what most people are used to because more than half of the U.S. population has it – this is the type of coverage provided by your employer or an employer-sponsored healthcare plan.

Group health insurance pros are as follows:

o It is provided by your employer – This means the company you work for will cover some or all of the cost of your premium. Sometimes the payment of your full premium is offered as an incentive for you to stay employed with your company.

o Coverage is guaranteed. You cannot be denied benefits based on pre-existing conditions. By law, insurance companies are required to enroll you into a group healthcare program no matter what your health status may be.

o The applications are short and simple. Generally the application will just ask you for general information: name, address, contact numbers, the names of your dependents, etc. You may be asked about pre-existing conditions or your current health status, but you will not be denied coverage because of it.

o The annual rate is guaranteed. The insurance company your employer uses can only increase the rates once per year. This is usually during what is called “the open enrollment period”. At this time your employer can choose to stay with the insurer you have, or switch to another.

Disadvantages of group health insurance are:

o No coverage if you are terminated. If you are laid-off or unexpectedly terminated, you will no longer be covered under your group plan. If you choose to extend your coverage, you can pay your own premium and temporarily extend coverage through a type of insurance called COBRA, but this coverage is not permanent.

o Your employer makes the decisions. This can be limiting because whatever insurer or health plan that is chosen by your employer is the type of coverage you will get. If they choose to change insurers, there is a chance that your primary healthcare provider may not be included in the new healthcare plan. This switch may force you to change doctors or pay out-of-pocket costs to the doctors you have become accustomed to.

Individual health insurance plans have some similarities and of course, there are a few differences. You would purchase and individual healthcare plan for yourself and your family and you would be responsible for the payment of your premium. This type of plan is available for newborns up to an individual’s 65th birthday.

The advantages of purchasing individual health insurance are:

o It is permanent. Once you choose an insurer and a plan, it cannot be cancelled by any employer. The only way you can be dropped from coverage is if you do not pay your premiums on time, or if you have falsified information on the application.

o More choices. Unlike group insurance, you are in control of what company you choose for you and your family. You are also the one to make the decisions to stay with your insurer or leave, should your rates increase.

Disadvantages are:

o The application process is lengthy. Medical history is required on all persons put on the plan and this involves an extensive questionnaire. You may also be required to undergo medical testing and be asked to submit to blood or urine samples to determine your health status. Because of the length of the process, it may take a couple of weeks to know whether or not you have been approved.

o Approval is not guaranteed. Only a few states guarantee coverage, so if you do not live in New York, Massachusetts, or New Jersey, please be aware that insurers can be selective and have the right to deny coverage. This can include denial based on the findings of your blood or urine test results.

o Your rates can increase. An increase in premiums should be expected over the life of this kind of plan. It should be budgeted into your expenses that rates will increase about 15% each year.

When it comes to overall cost, group health insurance will most likely cost less than individual health insurance. If insurers have a large group of people that they are extending coverage to, it is easier for them to regulate costs. However, when you choose this type of plan, you are at the mercy of your employer’s decisions when it comes to the insurance company and type of coverage you are offered.

Catastrophic Health Insurance – What You Need to Know

Catastrophic insurance is a form of policy which is specially intended to cover calamities. It usually has an exceptionally high deductible and a low payment.

It is designed to help people pay for major accidents and extensive medical care. The costs of prolonged or emergency treatment can get quite high, and this coverage can ensure that someone does not go bankrupt dealing with medical bills.

For many, it is a good investment even with a high deductible as opposed to paying for medical expenses out of pocket. Those who have no health insurance also stand to gain from it.

These individuals will still have to pay for things like routine visits, medications, and so forth, but they can be assured that they will be provided for in the event of a major illness or accident.

Very healthy people are good candidates for catastrophic coverage when they opt not to carry health insurance.

This policy can be tricky to understand so read up on it very good so you are sure to understand everything. Ask your agent about hypothetical situations to determine whether or not they will be covered.

Think carefully about the kinds of events which you may be faced with, and make sure that you know about all of the exclusions in the insurance coverage before you buy. You would buy catastrophic health insurance plans as an individual or as part of a group.

Certain pre-existing conditions, such as diabetes and mental health disorders, might mean you can’t qualify for an individual catastrophic health plan without prior qualifying group coverage or at least that you can’t get coverage for those pre-existing conditions. Because of HIPAA policy, which group catastrophic health plans are subject to, you can’t be left without enrollment or coverage, but may possibly have to wait for pre-existing condition coverage, depending on your former health insurance policy.

Health Insurance – The Government Can Help You Save

The government can help you out depending on how much you earn and what line of duty you’re involved in. I’ll talk about two ways you can take advantage of government health insurance plans and what to do if you’re not eligible for them in this article…

You may qualify for Medicaid if you’re really finding it hard to pay for coverage. Different states have different criteria for eligibility.

Despite the differences from state to state, Medicaid is for families that have low incomes. You can still qualify even if you’re employed. A member of your family may also qualify even if you don’t and therefore reduce your family health insurance cost.

You can find out whether you or yours are eligible from your state’s Medicaid program. You can insure your children through state plans if you want to cut down your health insurance cost. There are criteria that must be met before you are deemed eligible. These plans are often either free or almost free.

These plans can save you a lot if your child has a special health condition that will cost you much if you insure them with traditional carriers.

What can you do to lower your cost if you can’t use any of the above?

You can save much money on health insurance if you obtain and compare quotes from quotes sites. Visiting not less than three quotes sites increase the chances that you would realize bigger savings. The straightforward reason for this is that you will obtain a greater number of health insurance quotes from a wider range of insurers. This gives you a broader basis for doing better comparisons thus increasing your chances of getting better quotes.=

How to Get Cheap Health Insurance Online in Georgia

Of the over 9,000,000 diverse individuals living in the state of Georgia, they all have something in common. Everyone, regardless of age or social background needs health insurance. Although the state does have several programs in place to help low income individuals, a healthy majority of the population of this southern state turn to private health insurance. For them, the Internet is a great resource when it comes to securing cheap health insurance in Georgia.

When you are shopping for anything online the number one motivating factor for purchase is price. In Georgia, many insurance companies offer the convenience of an online quote service. This means that a person can find out how much their health insurance will likely cost just by filling out an online form. Having this ability makes it much easier to compare prices from one insurance company to another.

One of the key aspects to getting an accurate quote is to provide honest information. There is some concern, among many individuals, that their health history will negatively impact their current health insurance costs. In an effort to change that, they are less than forthcoming about any pre-existing medical conditions, when asking for a quote. This is never a good approach as insurance companies almost always require a medical. Be as precise and thorough as you can be when requesting quotes, so you can then pick the policy that will give you the coverage you need, at the price you can afford.

You may be able to complete your health insurance purchase online, save for the medical portion of the application. Be certain to pay in the manner that is suggested by the insurance company. If you have to shoulder a service charge for paying monthly, save the extra funds and pay once a year. This will help you get the cheapest price possible.

How to Compare Low Cost Health Insurance in Pennsylvania

It’s never a good idea to choose a health insurance company before first finding out what other companies have to offer. Many people make the mistake of picking a health insurance company in Pennsylvania based solely on the referral of a friend or relative. Although the coverage and price offered may be great for them, it isn’t necessarily going to be what you need or want.

Comparing health insurance plans is essential in order to find one that fits into your own budget. Many people would do well to consider a Medicare policy first. A great resource for people interested in a supplemental policy with Medicare is a guide on the subject that is available from the Pennsylvania Department of Insurance.

If Medicare doesn’t fit into the health insurance plans of an individual there are other choices. The best way to find an adequate policy is to determine the level of coverage required by the insured and if they also need to insure members of their family this will impact the price. Also, it’s wise to consider what supplemental type of coverage your family needs such as vision care, dental care or prescription drugs.

When calling different health insurance agents ensure that you inquire about the same type of policy with each one. Naturally they will try and up-sell you by suggesting you absolutely must have certain types of coverage. Don’t allow them to sway you as you are the one will be ultimately purchasing the policy.

After gathering several quotes it’s then time to weigh the pros and cons of each. Although one company may offer a very low price on their health insurance coverage, ensure that they have a solid and long-standing reputation in Pennsylvania. You want to be certain that when you do need the coverage, they will be there to provide it.