Personal Health Insurance Plan – How to Get the Best Rate

One size doesn’t necessarily fit all when it comes to health insurance. But if you have a group insurance plan, such as through your employer, you have to accept the coverages and deductibles they offer. A personal health insurance plan, on the other hand, lets you pick the coverages that are right for your health needs and that fit your budget.

What Is Personal Health Insurance?

A personal health insurance plan can be anything you need it to be:

* A comprehensive insurance policy to cover you and your entire family long-term.

* A short-term insurance policy to cover you when you are between jobs.

* A supplement to cover gaps in your existing health insurance policy.

Saving on Personal Health Insurance

Personal health insurance plans may be more costly than group plans because you are not sharing the cost with your employee. To help you get the best rate on your personal health insurance plan, follow these tips:

* See if your auto and home insurance company also offers health insurance and if so, whether you can get a discount.

* If you have any bad health habits, such as smoking or obesity, work to break these habits and improve your health.

* Set your deductible as high as you can afford.

Buying Personal Health Insurance

Ready to investigate how personal health insurance can help you? Begin by visiting an insurance comparison website, where you can

* Get quotes for your personal health insurance plan.

* Chat with insurance professionals and get answers to all your questions about personal health insurance. (See link below).

To get your quotes, you complete a form with information about yourself and your insurance needs. You then receive quotes from multiple A-rated health insurance companies and can choose the plan that’s best for you.

Small Business Health Insurance Plans – How To Get The Best Rates

Looking for a small business health insurance plan that won’t cost you an arm and a leg? Here’s how to get the best rate with a reputable company.

Small Business Health Insurance

If you own a small business with 2 to 50 employees you qualify for a group health insurance plan. Group health insurance will cost you and your employees much less than individual health insurance, plus contributions to your small business health insurance plan are tax deductible.

Group health insurance rates are calculated on an overall rate for group members who may customize or add additional coverage to meet their needs.

There are two types of health insurance plans that are currently available to small businesses – indemnity plans, also known as fee-for-service plans, and managed health care plans – HMOs, PPOs, and POSs.

Small Business Health Insurance Plans

Indemnity plans – These plans let you choose your own doctors and hospitals. There’s a $500 to $1,500 deductible you must pay before your insurer will pay your claims, and you usually have to pay 20% of the total amount of any individual claims. They cost more than HMOs, PPOs, and POSs, and involve a lot more paperwork.

HMOs – These plans provide you with a network of physicians and hospitals you must use when you’re injured or ill, and you pay a $5 to $10 co-payment for each doctor visit. These plans are the most restrictive but the least expensive health care plans.

PPOs – These plans also provide you with a network of physicians and hospitals you must use. You can visit out-of-network physicians by paying for the visit and submitting a receipt to receive partial reimbursement, and copays are usually $5 to $10 per visit. These plans cost a little more than HMOs.

POSs – These plans are a combination of HMOs and PPOs. If you’re referred to a non-network physician by your network primary care physician your fees will be paid, and copays are the same as for PPOs. These plans cost slightly more than PPOs.

Get the Best Rates on Small Business Health Insurance

To get the best rate on small business health insurance, visit an insurance comparison website where you can get quotes from a number of health insurance companies. At the better sites you can also get answers to your health insurance questions, such as which plan would be best for your group, from insurance professionals. (See link below.)

Important Issues When Purchasing a Health Insurance Plan

Like any purchase, with few tips purchasing a health plan can save you lot of money and provide a greater coverage. Health insurance plan is an insurance policy where in you have to pay a periodical premium ( amount of money) to the insurance company. The insurance company will in turn pay the medical costs when you fall sick. There are hundreds of individual health insurance plans and family health insurance plans available in the market today. Some points should be paid attention to before purchasing.

Spouse’s health insurance cover. If your spouse is being provided a health insurance plan then you need not buy one. Your spouse can opt for a family health insurance plan. This will increase the premium marginally and provide health insurance cover to the entire family.

Family health insurance plan. Family health insurance plan is cheaper compared to individual health insurance plan.

Coverage. Short term health insurance plans are significantly cheaper than the long term ones. However you have to renew your health insurance plan after the period of expiry and the premium gets costlier as you age.

Co-insurance and deductibles. These are parts of the bill that you have to pay and the rest is paid by the health insurance company. if the coinsurance and deductible is higher then the premium is a small amount. It is wiser to keep the co-insurance on the lower side. Coinsurance is the percentage of the bill that you will be paying. Incase of a major illness or accident the medical bills will be very high and the coinsurance will be correspondingly higher.

Indemnity plans. These are health insurance plans that offer a broader choice of doctor or hospitals. However they are costlier compared to managed care plans and you have to pay the bill yourself and later claim the costs. Also you have to pay the deductibles and co-insurance.

Managed Care plans. These are plans in which the insurance company has a tie up with a network of doctors/hospitals who provide medical treatment at a reduced rate. The insured has to visit them. These plans are cheaper,

the paper work is very less and you do not have to pay the bill upfront. The doctor claims on your behalf from the insurance company. however if you visit a doctor outside the network you have to pay the deductibles and coinsurance.

Choosing a Syracuse Health Insurance Plan

A large number of Americans are offered health insurance through their employers. Unfortunately, not everyone is. If you or your family is currently without health insurance, you are advised to act fast. No one, especially children, should be without health insurance.

The first step in obtaining health insurance, for yourself or your family, it is familiarize yourself with all of your options. The first option that you should examine is the health insurance companies that are able to assist you. If you live in or around the Syracuse area, you may want to start examining Syracuse health insurance companies. Syracuse health insurance companies are often defined as health insurance companies that are based out of Syracuse. In addition to Syracuse based life insurance companies, companies that service the area can also be deemed as Syracuse life insurance companies.

When examining Syracuse life insurance companies, you will likely see that you have a number of different options. If you are looking for low-cost health insurance, you will want to not only compare the services offered by each company, but their prices as well. This can easily be done by requesting a free Syracuse health insurance quote. After you have requested a number of free Syracuse health insurance quotes, you will want to compare your findings. If low-cost is what you are looking for, you will want to go with the company that charges the lowest fees.

Once you have found a Syracuse health insurance company to do business with, whether that company is known as a low-cost company or not, you will have to choose a health insurance plan. As with all other insurance companies, you may find it difficult to choose a Syracuse health insurance plan. Since the Syracuse health insurance plan you choose will be important, you may want to consider seeking professional assistance.

Professional assistance, when it comes to choosing a Syracuse health insurance plan, often comes in the form of a health insurance representative. Many health insurance representatives are there not only to sell you insurance, but to offer you assistance. By corresponding with a representative, whether it is online or by phone, they should be able to help you understand all of the health insurance plans that are available.

In addition to helping you familiarize yourself with all of their available health insurance plans, you will also find that most Syracuse health insurance company representatives will also offer you assistance in selecting the right plan. However, to offer you this assistance, they may request that you provide them with important information. This information may include, but should not be limited to, your personal information, the personal information of your family, your occupation, your current living situation, and the current status of your health.

It is likely that you will benefit from whichever Syracuse health insurance plan you choose. The first step in preparing yourself or your family for the unexpected is to obtain health insurance. That is why it is important to remember that any health insurance plan is better than no plan at all.

Short Term Health Insurance Plans

Short term health insurance plans are temporary health insurance plans, which provide flexible, inexpensive coverage for most injuries and illnesses. Its medical coverage usually ranges from 30 days to 6 or 12 months.

Short term health insurance plans are designed for healthy individuals and families, who do not require coverage for pre-existing conditions. Most short term health insurance plans are open only to those who are under the age of 65 years. Many short term health insurance policyholders are fresh graduates, people in non-traditional jobs, temporary employees looking for health insurance, people in career transition, self-employed, between long term health insurance plans, recently laid off or unemployed, and those who looking for an affordable option to COBRA coverage. This plan is also ideal for foreign students studying in the country.

Short term health insurance plans belong to a category known as “indemnity care.” Short term health plans include emergency care, hospitalization, prescription drugs as well as some preventive health programs. Depending upon the plan, profits can be generous and extensive. These plans often can be a one time cost. Holders have the option to pay on a monthly base or have a single payment choice. Cost of all such plans is often half the price of an individual health insurance policy. You can also drop the short term health insurance plan easily.

Generally, short term health insurance plans finish after the specific policy period. The plans normally cannot be renewed. After a plan is finished, you will need to find health insurance coverage through a long term plan. The majority of the short term health insurance providers also have long term plans. It is wise that you consider an individual health insurance plan rather than a temporary plan in case you need insurance for more than six months. Before deciding on a short term health insurance plan thoroughly understand its features and usefulness for your health care.