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