Types of Individual and Family Health Insurance
A catastrophic illness can be financially devastating. While we want the best in medical care, that care is expensive and can quickly run through a very large savings account. If you own your own business, the best way to protect your family's wealth and your business is by having an individual health insurance plans.
An individual health insurance plan will allow you to get the health care you need and can protect years of savings. One week in an intensive care unit can wipe out entire savings account without the help of insurance.
Medical costs continue to rise. Emergency room visit can cost tens of thousands of dollars. Procedures that require you to stay in the hospital cost even more and any time you need a specialist. The costs really add up very quickly. The things you have saved for years to provide for your family can be gone in the blink of an eye and you can still be in the hospital.
Self employed persons often do not have the advantage of group health insurance. They are left to fend for themselves. It can be difficult to find agencies that even offer individual policies unless you are in perfect health. If you are applying for individual policy you will be medically underwritten. That means that you have to be in great health to qualify for individual medical.
By choosing policies with higher deductibles, you can save money on insurance premiums but still have coverage for times of major illness. Insurance can protect your assets and make sure that you have the treatment that you need.
Now is the time to make a decision about health insurance. I you get sick it is going to be to late to get health insurance. Take some time to review available policies now and purchase the insurance that you need. Then it will be already in place when the need for insurance coverage arises. Individual health insurance plans can be your best protection against financial ruin.
There are other types of individual health insurance plans available as well and it will take some research to find the best option that is the right fit for you. No matter which health-care option you decide to go with I'm sure cost would be a primary concern for most people. To find the best price for the type of coverage are looking for you'll need to do a little bit of comparison-shopping. The good news is that doing that comparison-shopping is now easier than ever. There are many websites where you can get multiple quotes from a number of different health-care providers from one convenient location. You can literally spend just a few minutes online to quickly and easily find a company that offers the coverage are looking for at the most affordable price.
About the Author
Dennis Anthem leading authority in individual and group healthcare industry. Consultant for Anthem Blue Cross group products that provides individuals, families and small group with access to group health insurance which is smart choice during recession
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