Affordable Individual Health Insurance

By Kevin Stith



You may be considering Individual Health Insurance if your employer doesn't provide health coverage, or if you or your dependents are inadequately covered by a group policy at present. If you are only partially covered, or not covered at all, seriously consider making Health Insurance a priority. Rapidly rising health costs in the United States are the single leading factor in personal bankruptcies.

There are two main types of Individual Health Insurance policies- major medical insurance and disability insurance. Major medical Health Insurance provides broad coverage for most types of illnesses and injuries, though coverage for some conditions is excluded. Such policies usually place a cap on the total lifetime payments that can be made, and typically have an annual deductible. Disability insurance provides coverage for the period you are unable to work due to a disability; the broader the definition of 'disability' is, the more expensive such insurance coverage usually is. Disability policies specify a time period up until payments will be made.

While Individual Health Insurance is usually more expensive than group insurance, there are some ways to make it more affordable. If you sign up for a policy that specifies your Health Maintenance Organization (HMO) or Preferred Provider Organization (PPO), you may gain access to lower-priced services and lower deductibles than if you select fee-for-service or indemnity insurance that lets you pick your provider.

You may have a condition that makes you ineligible for most types of private individual insurance. Check if you reside in one of 30 states that have government funds set aside to insure people who fall into such a "High Risk Pool". You may also be able to save on Individual Health Insurance costs by taking advantage of government-sponsored services such as Medicare, Medicaid, and those for women, children and teenagers. [http://www.WetPluto.com/A-Guide-To-Affordable-Dental-Insurance.html]Affordable Insurance provides detailed information about affordable insurance, affordable car insurance, affordable dental insurance, affordable health insurance and more. Affordable Insurance is the sister site of [http://www.WetPluto.com/Colorado-Group-Health-Insurance.html]Colorado Health Insurance Company.

Article Source: [http://EzineArticles.com/?Affordable-Individual-Health-Insurance&id=170201] Affordable Individual Health Insurance