Personal medical insurance plans provide a solution for the self-employed or anyone whose employer doesn't provide health insurance.
While these private policies may cost more than a group health insurance plan, they also give you the advantage of being able to choose the coverage you need and the plan that best fits your budget.
What Type of Plan Do You Need? With a personal health insurance plan you have a multitude of choices: * A comprehensive policy that covers you and your entire family * An HMO or PPO policy that provides coverages at lower rates if you are willing to select a health care provider from within the PPO or HMO network * A major medical policy that provides coverage just for major accidents and illnesses and is cheaper that comprehensive plans or HMOs and PPOs * A high-deductible policy, perhaps combined with a health savings account Finding the Best Rate on a Personal Medical Insurance Plan To get the best rate on a personal medical insurance plan, follow these tips: * Set your deductible as high as you can afford.
The higher your deductible, the lower your premium.
* Ask your auto and home insurance company if they also offer health coverage.
You may be able to get a multiple policy discount.
* Work on improving your credit rating so you qualify for the lowest possible rates * If necessary, improve your health habits by quitting smoking, losing weight, and exercising.
* Go to an insurance comparison website, where you can quickly and easily shop for the lowest rate from multiple companies.
All you have to do to get rate quotes from one of these sites is fill out a form with information about yourself and your insurance needs.
You'll then receive quotes from A-rated companies competing for your business.
By following these tips, you can find the best possible rate for your personal medical insurance plan.
While these private policies may cost more than a group health insurance plan, they also give you the advantage of being able to choose the coverage you need and the plan that best fits your budget.
What Type of Plan Do You Need? With a personal health insurance plan you have a multitude of choices: * A comprehensive policy that covers you and your entire family * An HMO or PPO policy that provides coverages at lower rates if you are willing to select a health care provider from within the PPO or HMO network * A major medical policy that provides coverage just for major accidents and illnesses and is cheaper that comprehensive plans or HMOs and PPOs * A high-deductible policy, perhaps combined with a health savings account Finding the Best Rate on a Personal Medical Insurance Plan To get the best rate on a personal medical insurance plan, follow these tips: * Set your deductible as high as you can afford.
The higher your deductible, the lower your premium.
* Ask your auto and home insurance company if they also offer health coverage.
You may be able to get a multiple policy discount.
* Work on improving your credit rating so you qualify for the lowest possible rates * If necessary, improve your health habits by quitting smoking, losing weight, and exercising.
* Go to an insurance comparison website, where you can quickly and easily shop for the lowest rate from multiple companies.
All you have to do to get rate quotes from one of these sites is fill out a form with information about yourself and your insurance needs.
You'll then receive quotes from A-rated companies competing for your business.
By following these tips, you can find the best possible rate for your personal medical insurance plan.