It is nice and comforting to have as much medical insurance coverage as you can with the various ailments rising; however, with that comes high cost of premiums and you don’t want that unaffordable cost to be the number one reason that makes you ill in the first place. So the key to finding the best kind of individual health insurance is looking for a comprehensive coverage that is affordable in the real sense of the word.
But is there such thing as an “affordable health insurance?” Many of the private businesses offer their employees comprehensive health coverage as an incentive of working tenaciously for their company; other than the private businesses, there are numerous other organizations and government bodies which offer this facility as well. With the firms defraying the cost of medical insurance or services of the employees, it lifts a lot of financial burden off their back. Not having to worry about any incurred medical expenses for himself or his family is a huge mental bliss for the individual.
But what about those individuals who have lost their jobs or whose companies do not offer this medical facility? Will they be able to afford the rising cost of medical services and/or find affordable health insurance? Under the present scenario it seems very challenging as 16.3% or 49.9 million people out of the total population of US didn’t have insurance because of non-eligible or non-affordability until last year.
However citizens should not be discouraged as massive reforms are being made throughout the country to make medical insurance affordable to all. Being able to find affordable health insurance and being covered for basic health care needs is every citizen’s right; whether they receive health coverage from their employers or not. This reform compels the insurance providers to extend the coverage and offer low premiums and also to lift age limitations.
The reform will help you a lot in finding the affordable health insurance. However, there are certain things that you can do yourself, in order to ensure that the health insurance you are purchasing is indeed the best buy.
• List out the services that you or your family require out of the health insurance policy and for that you need to make note of all the illnesses that you have suffered, past and present medical history and age.
• Visit the state insurance sites in order to find out how your state regulates health insurance in the area. It will also enlist the different names of scams or fraud insurance companies that might be visible online.
• Get health insurance quotes from various providers in order to locate the most affordable medical insurance. Nowadays this can be done online with a lot of convenience. You will be able to gather a lot of insurance quotes within a few minutes. Once you have the quotes, you can easily compare them with each other. If you have located the cheapest rate with the most coverage then you have found affordable health insurance.
• When purchasing medical insurance, make sure you consider all of the out-of-pocket costs which include deductibles, co-insurance and/or co-payments. These can help lower your premium in a tricky way. So make yourself knowledgeable of the various insurance terms.