Top Reasons to Get Your Own Private Health Insurance

 

If you’re going to find private health insurance companies for yourself, you need to consider the three ways they can decrease your premiums. You also need to consider whether or not they’re right for you. Don’t go with your first choice. Use these tips to help you get the best private health insurance companies that are out there.

If you’re buying short-term health plans, be sure to research all your choices before you buy. Just like purchasing life insurance, the more information you have the better off you’ll be. This includes understanding the differences between UnitedHealthcare, Celtic and Blue Cross, as well as supplemental insurance companies like Actaver and Go Medicare Now.

In addition to these differences, there are additional factors to consider. For example, is it better to choose a private health insurance company that offers Medicare supplement insurance? Is it even necessary to purchase Medicare supplement insurance if you’re covered for Medicare already? And, if I’m Medicare eligible, does it make sense to purchase my own supplemental coverage plans from private health insurance companies instead of the government?

The government does provide some coverage alternatives to private health insurance alternatives. Medigap plans are standardized within the medicare program. However, these are only available to people who are already in the program. In other words, they’re a poor substitute for medicare supplement insurance. As you can see, medicare doesn’t cover everything.

Private health insurance companies also offer coverage for “core benefits,” which are those services that are required by the government for all seniors age 65 and above. They’re not available for all policies, however. For example, there are policies and plans that only cover the first six months of “medicare Part A” coverage. There are also policies and plans that cover the entire year (core benefit) as well as “core benefit” options for “medicare Part B.” Even more, “medicare Part D” policies and supplements offer prescription drug coverage as well as vision and dental benefits. Most often, it’s at a significantly increased rate than what’s offered through private companies.

Perhaps the most interesting – and arguably the most important – aspect of all to consider when shopping around for a policy or a company is your immigration status. Some private health care providers don’t accept new immigrants. Other companies do, but their offerings may be limited.

New immigrants may be able to apply for federal funds to help pay for their coverage. New immigrants and those eligible for green card status can also apply for state Medicaid programs. Many states have established programs that specifically help out those who may qualify to qualify for senior citizen or Medicare supplemental health care benefits. So if you fall into one of these categories, you should definitely check with each individual state’s department of health and social service for their respective requirements. But, the good news is that almost every person who meets the aforementioned criteria qualifies for at least some federal funding.

Even though private health insurance companies typically offer better prices on some of the more popular types of medical plans, the costs of Medicare supplement policies do tend to be less expensive than premiums for private health care plans. You may want to compare different quotes before applying for a policy so that you’re not paying for more than you need. Some people even decide to forgo having medical coverage altogether to save money.

One thing you may want to keep in mind when comparing prices from various private health insurance companies is that some have higher deductibles than others. Deductibles are what you’ll have to pay before your health care services are administered. If you have a lot of medical bills this can put a serious drain on your finances. A high deductible can also lead to out-of-pocket expenses that can easily put you into bankruptcy. So you should compare prices carefully and choose a plan with a low deductible.

As you can see, there are many options available to those who need health care services. But despite the availability, many people fall through the cracks, despite qualifying for at least some of the federal programs. Some never get around to filing their tax returns because they fear that they might fall within the guidelines for being an illegal immigrant. Now that the new year is here, it’s important that everyone take advantage of all the new programs and help to make sure that no one is left out. Even if you don’t fall into any of the above categories, it’s still important that you get your health insurance this year, especially if you’re an American citizen or eligible to apply for Social Security Disability. Here are some other reasons to consider getting your own private health insurance policy this year:

The new health act offers Americans a chance to buy into a better system that will benefit them and their families for years to come. If you’re not already covered, now is the time to start shopping around for a plan. There are many benefits that go along with the new healthcare reform law, including higher prescription drug costs and fewer healthcare emergencies. But the key factor is that you can save money and take advantage of new treatments and improvements. And the best part is that you can do this all in the comfort and security of your own home.