VIEWS: 2 PAGES: 2 CATEGORY: Health Insurance POSTED ON: 9/20/2013
As people strive to provide for themselves, while still having freedom, more people are starting their own business. This flexibility enables them to call the shots and enjoy making the rules for themselves.
Choosing an Individual Health Insurance Plan As people strive to provide for themselves, while still having freedom, more people are starting their own business. This flexibility enables them to call the shots and enjoy making the rules for themselves. Many entrepreneurs, small business owners, or freelancers have worried about providing quality health insurance for their family when they are working for themselves instead of a large corporation. Now there are more options than ever for consumer driven health plans. Aspiring small business owners and entrepreneurs no longer need to spend sleepless nights worrying about the fate of their family if someone were to get sick or injured. Now there are many options for individual health plans. While there are many options available when it comes to consumer driven health plan, there are certain benefits that may be more helpful for you depending on your situation. Here are some suggestions on how to select the individual health insurance plan that works best for you. Determine what you “gotta have” While it’s impossible to predict sudden or serious injury or illness, there are certain medical needs you can anticipate. For example, if you have starting a family be sure your personal health insurance plan includes maternity coverage. You should also interview family members to determine illnesses or diseases that are common within your family. Once those illnesses are determined, you can choose a plan that covers preventative screening for those diseases. Assess Your Situation and Buy Appropriately If you are young and healthy, you can save a lot of money by choosing a plan with a higher deductible. If you have or foresee having regular medical attention a more inclusive plan with a higher monthly rate will likely save you money in the long run. Check out the Network If you have been in the area and have a primary care physician that you like, double check that they are within your insurance company’s network. The easiest way to determine if a doctor is in network or not is by visiting the insurer’s website. Understand the Deductible, Co-Pay, and Out of Pocket Requirements Each plan must outline the deductible, co-pay and out of pocket requirements before you sign up for personal health insurance. Co-pays can add up quickly, so be sure the amount is something your budget can handle if regular visits are or may be required. Are Prescriptions Included? Be sure to find out the details of pharmacy coverage. Especially if you are taking a certain drug regularly, you’ll want to find affordable health insurance that will help defray the cost of your medicine(s). Don’t Forget Your Dependents The law permits children 26 and under without health insurance to through an employer to be on their guardian’s insurance. Even if they are out of the house they can be on your plan. Look at Each Plan Closely Be sure to examine each plan carefully. Remember all of your medical needs for everyone on your plan, to be sure that you find the best affordable health care for you and your family. Photo Pin: Nic McPHee, Madeleine Burleson, FutUndBeidl
"Choosing an Individual Health Insurance Plan"