Healthcare coverage is becoming more and more expensive. Even the most basic operation can end up costing you thousands of dollars. Simple things like blood work and minor visits to the emergency room can bankrupt a person if they are not insured. The benefits to having quality healthcare are clear. It is the right decision from both a financial and health prospective. It is unwise to avoid seeing a doctor because you can’t afford it. With proper healthcare coverage you won’t have to fear becoming burdened with debt. You also won’t have to worry about bill collectors calling and demanding payment. A healthcare provider will handle all of that paperwork. Additionally, healthcare providers work in tandem with automobile insurance in the event of a traffic related injury.
Plans For Individuals That Don’t Have Group Coverage Options Through Their Workplace
These type of plans is designed for a single person or family. Many businesses in Southwest Florida do not have group benefits for their employees. Maybe you work for a small mom-and-pop, or maybe you own your own business. Whatever the reason, to get individual coverage you apply for the insurance plan that you like, and then you are assessed to see what your rate will be. The assessment involves a medical history. Sometimes you might visit a doctor and have them submit a report.
Information You Will Have To Give Your Insurance Company
Before issuing an individual insurance policy, the insurer will want to know everything about your personal health history. It is unwise to try to hide a pre-existing condition from your insurer, since many insurers use information from the Medical Information Bureau (MIB) to determine whether an applicant is insurable. If the insurer doesn’t want to cover a particular health condition, you may still be able to get a policy with an exclusion rider.
What Are The Benefits Of Individual Coverage?
If available, group insurance is generally a better option, since it is usually more comprehensive. However, individual coverage is infinitely better than being uninsured in the event of illness or injury. Although you may think you can do without health insurance, you are taking a major risk if you choose not to get coverage. An unexpected illness or serious injury can put you and your family in financial peril. In a group insurance situation, the provisions of the policy are negotiated between the insurer and master policy owner (usually an employer or association). With individual insurance, you are directly in control of your policy. You can negotiate to have certain provisions included or excluded, and you can often choose your deductible amount and co-payment percentage. Keep in mind, however, that these things will affect your premiums.