Finding The Right Health Insurance Policy For You
Released
on: September 9, 2009, 3:58 am
Author: InsuranceAgents.com
Industry: Healthcare
When
it comes to purchasing health insurance, you generally have three options: group,
state, or individual. Individual insurance can be a bit misleading
because it covers not only you, the policyholder, but also your
spouse and any dependents you may have. The best way to find optimum
health insurance is to go online and compare health insurance
quotes.
The
pros of individual health insurance include the ability to claim
tax benefits and the ability to keep it as long as you pay your
premiums. According to the article recently published on InsuranceAgents.com,
“Generally, an individual health insurance policy is more
costly than a group health insurance policy, since the policyholder
is responsible for all premium payments.”
However,
group insurance has its own benefits. “The most preferred
type of health insurance is typically group health insurance,”
the article continues. “Most commonly this means employer-sponsored
group health insurance. Through a person’s job, he or she
can receive health benefits for themselves as well as their entire
family.”
Possibly
the most attractive attribute of group health insurance is that
it is generally cheaper than an individual policy. This is because
your employer pays a portion of the premium and it also provides
a greater variety of coverage. However, if you are unemployed
or if your employer does not offer health benefits then your only
option is individual.
If
you find yourself ineligible for group health insurance and find
individual coverage to be too costly, you might want to consider
government funded coverage. Programs such as Medicaid and Medicare
exist to serve families with limited means. Check with your state
for the specific requirements needed to be eligible.
Health
insurance of some kind is important whether you find yourself
with group or individual coverage. Your health and the health
of your family is one of the most unpredictable aspects in life
so insurance is imperative to protect your most valued asset:
your family’s physical well being.
staff contribution: Kyle Fitzsimmons
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