How to Find Low Cost Health Insurance and Still Get the Best Health Insurance Policy Available
With the high cost of everything these days due to the rising inflation rates in our country, getting a low cost health insurance plan is almost impossible and yet we know that we still need it for us and our families because you never know when a health crisis can hit you and your loved ones.
There are millions of people in America these days that don't have health insurance but does that mean that they still cant get it? Your first option would be to try to sign up for health insurance under medicaid and you might have a chance to qualify for it.
Remember also that if your lucky enough to have a current group health insurance plan already then you also have a major advantage over people that just have an individual health insurance plan because with a group plan it comes under the umbrella of the government and they will not allow the insurance companies to have a bias against you because of such factors as your age or if you have a current health condition, but group plans generally don't cover you as well as an individual plan so you really have to do a balancing act between a generic plan that will cover a larger population against a premium plan that will cover you against many different kinds of ailments and conditions.
One other plus that the group plan has is that if you are employed at a current job and your employer is offering to cover you, he cant raise your premium against you if you have a sickness of any kind and he cannot even say no to giving you coverage.
Now when you go for a health plan from an individual company, what they will usually do is they will do an underwriting on you.
They will do this because the company believes that they will receive more from you through your premium then they will pay out when they have a claim on you when you get sick.
The negative effect of this kind of health plan is that you will always end up paying a bigger premium when you are over 50 then if you are younger because most of the time people get sick more at an older age then at a younger age.
In closing I would say that if your a younger man or woman, I would recommend an individual health insurance plan then if your are older in your years.
Finding the balance between the 2 will be come down to these factors for you to get a low cost health insurance plan that fits your needs.
Due diligence will always help to insure that you get the best health insurance plan possible.
There are millions of people in America these days that don't have health insurance but does that mean that they still cant get it? Your first option would be to try to sign up for health insurance under medicaid and you might have a chance to qualify for it.
Remember also that if your lucky enough to have a current group health insurance plan already then you also have a major advantage over people that just have an individual health insurance plan because with a group plan it comes under the umbrella of the government and they will not allow the insurance companies to have a bias against you because of such factors as your age or if you have a current health condition, but group plans generally don't cover you as well as an individual plan so you really have to do a balancing act between a generic plan that will cover a larger population against a premium plan that will cover you against many different kinds of ailments and conditions.
One other plus that the group plan has is that if you are employed at a current job and your employer is offering to cover you, he cant raise your premium against you if you have a sickness of any kind and he cannot even say no to giving you coverage.
Now when you go for a health plan from an individual company, what they will usually do is they will do an underwriting on you.
They will do this because the company believes that they will receive more from you through your premium then they will pay out when they have a claim on you when you get sick.
The negative effect of this kind of health plan is that you will always end up paying a bigger premium when you are over 50 then if you are younger because most of the time people get sick more at an older age then at a younger age.
In closing I would say that if your a younger man or woman, I would recommend an individual health insurance plan then if your are older in your years.
Finding the balance between the 2 will be come down to these factors for you to get a low cost health insurance plan that fits your needs.
Due diligence will always help to insure that you get the best health insurance plan possible.