You have no health insurance. Now what? Wellof course, dont get sick and
stay out of the hospital! That might work for a short period of time but
you will need a long-term solution to your problem. Since affordable
medical insurance is available from many sources, you may not have to go
without coverage too much longer.
One of the first things you should do is determine if you are insurable.
If you have a major health issue and are uninsurable, then your state may
have an "Open Enrollment" option that would be worth investigating.
If you have been uninsured more than six months, your state "High Risk
Pool" should be considered. Rates vary and there are qualifications to
meet, but it should be at the top of your health insurance shopping list.
If you are reasonably certain you are going to be able to obtain new
medical coverage through a spouse or new employer in the near future,
then perhaps a temporary health insurance plan is right for you.
Although pre-existing conditions will not be a covered benefit, policies
are often approved quickly, rates are low and youll have badly-needed
catastrophic coverage (assuming you are approved).
However, many persons that dont have health insurance are not certain
when they will be eligible (if ever) for health care through an employer.
In these situations, a more permanent plan is advisable.
Although you can not be canceled for medical reasons, premiums will
generally increase each year. But you are able to keep the policy as long
as you want. Whether you need medical coverage for 2 months or 20 years,
the benefits will be there.
Private health insurance policies come in many different shapes and
sizes. As an example, an Ohio comprehensive health insurance plan closely
mirrors an Ohio group plan since it includes office visit and
prescription coverages along with protection against large hospital
Although it is the most expensive type of plan, a change in deductibles
can help reduce the premiums.
However, to keep rates affordable, other types of medical benefits are
available. If you are currently uninsured, then cutting costs may be a
main priority. Thus, a catastrophic policy should be looked at.
This form of policy is inexpensive. Of course, since rates are low, you
are forfeiting some benefits, such as primary-care and specialist office
visits and non-generic RX benefits. Its also possible that there will be
extra facility charges built into the policy.
Once you have enrolled in this type of coverage, if you develop a
serious disease, you may not be able to switch to another type of policy,
unless it is through an employer. This is a very important factor to keep
Understanding policy details and what your "worst case scenario" is will
help you in the decision-making process. For example, a policy with a
$5,000 deductible and no coinsurance may have lower out of pocket costs
than a $2,500 deductible plan with 20% coinsurance.
Its always best to understand what these terms mean to you.
An experienced broker will review all available plan options and
properly explain the out of pocket risks you take with specific policies.
There may not be a clear choice as to which health insurance plan is
best, but youll be presented with multiple scenarios that will allow you
to make an informed decision. You may not have insurance now, but you