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

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

Word Count:
319

Summary:
The need for affordable individual health insurance is becoming more
prevalent because of the rising numbers of self-employed. Entrepreneurs
are changing the landscape. Home-based businesses are growing at a
phenomenal pace. The enormous growth of small business has generated a
greater demand for individual health insurance. This is a first time
experience for many of these new start-ups. Group health insurance is
provided by the employer. The employee that is enrolled in the...


Keywords:
affordable,health,insurance


Article Body:
The need for affordable individual health insurance is becoming more
prevalent because of the rising numbers of self-employed. Entrepreneurs
are changing the landscape. Home-based businesses are growing at a
phenomenal pace. The enormous growth of small business has generated a
greater demand for individual health insurance. This is a first time
experience for many of these new start-ups. Group health insurance is
provided by the employer. The employee that is enrolled in the company
group health insurance plan rarely examines the coverage or the cost.
This changes dramatically when they are forced into purchasing their own
individual plan.

COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1985)
guarantees a continuance of coverage when you leave your employer. This
coverage is made available for 18 months after you leave. You have a 60-
day window after termination of employment to shop for your own
individual health plan. This window of time is critical to the insurance
shopping process. If you have any thought of leaving your employer then
it is imperative that you investigate the availability of individual
health insurance.

Individual health insurance is medically underwritten. That means that
the insurance company will gather 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 eliminated and in some instances
coverage can be denied.

Things to consider:

1. Health – Do not presume that you or any of your family is Insurable.
There may be certain pre-existing conditions that are covered by some
companies and excluded by others.
2. Self-Insuring – The higher deductible that you elect will decrease
your premium dramatically. This is called self-insuring. Some companies
have deductibles that go as high as thousands.

3. Insurance Company – There are many reliable insurance companies in the
health insurance industry use their quotes to compare coverage.

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

				
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posted:11/3/2011
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