If you find yourself shopping for individual health insurance, you will want to keep several things in mind. Regardless of your situation there are things you can do to get major medical coverage that won’t leave you broke each month and will not have you filing for bankruptcy come claim time.
Things to consider when you’re looking for an individual health insurance policy are what’s covered and not covered on the plan, what are the monthly premiums, what is the yearly out of pocket exposure per person, what is the deductible, what do office visits cost, how are prescriptions covered, and is preventative care covered?
Before you go comparison shopping it is good to know that your rates are determined by the individual health insurance carriers and not who or where you purchase the plan from. This means that if you buy directly from the carrier, from an online website, or from a broker your final rate will be the same. The key is to know exactly what you are buying and what you are not buying. You should compare different health insurance plans side by side to see how they stack up to each other.
Be aware that if you are looking at health insurance quotes online, you are always quoted the best case scenario. Since rates are determined by the carrier it is always in your best interest to use an independent health insurance broker that represents all the major carriers. These professionals know the underwriting requirements of each carrier and can explain to you how each one will handle your specific situation giving you the information you need to make a well informed buying decision for your individual health insurance plan.