What You Need To Know About Individual Health Insurance

The economy is rough right now and people can't afford extras

. Be thankful if you have a job and can afford health insurance. There are many people out there right now you are without a job or they are self-employed and buying health insurance policies is seen as an extra or even out of reach. This is obviously a problem. If you are in this position think about purchasing an individual health insurance plan.

Individual health insurance can be very expensive, which is not what some people expect and for those who are unemployed it may seem impossible to obtain. An individual health insurance plan that is considered to prove a "full boat" worth of benefits may cost well over one-thousand dollars a month, which for most people is far too expensive to afford. For those who need to be more economical, it is indeed possible to get health insurance for less money. However, you must go over each plan and read all of the fine print carefully.

For instance, many health budget individual health plans do not cover physicals. While this can be hard to believe, it is true, and those who have these plans and schedule a routine physical without knowing that it won't be covered often find themselves ending up in fairly significant debt. If they had taken the time to look into exactly what the plan offered, they would not be in such a position.

Budget individual health insurance plans also tend to not cover all medical procedures and visits. For instance, many do not cover mental health visits, meaning that you cannot see a therapist or psychiatrist under your insurance plan. Again, those who do anyway because they are unaware often find themselves paying off their bills for years. Emergency room visits - while usually covered to some extent - can end up costing quite a bit of money out-of-pocket for those with individual health insurance. A single visit can cost five-hundred dollars depending on your plan, and how much extra the plan covers is usually capped quite low.

Making sure that you understand, ask questions and read carefully once you shop around and find a few policies to compare is very important. You want to get as many quotes and policies as you can and read through each to find the best fit for you, not only money wise but benefits as well. Doing this now will save you a ton of money and frustration in the long run.

by: Ethan Kalvin

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