How to Get a Group Health Insurance Rate as an Individual

 

Most individuals can get really good group rates through their
employers. As long as your place of business has more than 50
employees and actually offers a medical plan, you should get a
pretty good deal. The overall cost is based on how many of the
employees actually have the insurance plan. The more people who are
signed up, the cheaper the plan will be. Most people will choose
this over going with a private plan any day because it is so much
more cost friendly. That is one of the first things you should be
looking for when seeking a job, whether or not they offer insurance
benefits or not. At your interview ask to see their healthcare
providers plan and rates. If they will let you take it home. This
way you can see if the plan offers what you want and at a price you
can afford. There are some private insurance companies that have
reduced individual rates that are comparable to group ones.

When going with a private company make sure you shop around. Check
several companies and have a checklist of your definite needs and
requirements. Also know how much you are willing to pay. Plan ahead
for the future. Buying insurance at a younger age and better health
will get you that low cost deal you have been looking for. Take a
plan with a higher deductible if you can afford to pay out a few
hundred dollars here and there till it is met. This will save you
money on your monthly fee and won’t be a huge bill if you have an
emergency. Look for a HMO, PPO, or POS plan, they are cheaper than
traditional plans and tend to have very low co-pays. Don’t
over-insure your self, you don’t need anything more than normal
coverage. Most plans will pay if you get sick or injured after the
policy is bought.

Managed care plans are the way to go for those who are limited on
funds. They offer the best policies for the least amount of money.
Most of these plans are available to anyone and can save you a ton
of cash. Make sure you find out if you have a deductible and how
much it is. Most HMO’s don’t have one at all, and most basic PPOs
and POS only have a small one, usually $200 to $500 per year. The
co-pays are also very reasonable with these types of plans. If you
choose to purchase an HMO, expect to pay about $5-$10 per office
visit and per prescription. With PPOs and POSs, you will have a 20%
co-pay with both visits and medications. Usually this is because
the plan is less expensive and you have more freedom to see whom
you want so the insurer makes you more responsible for payment.
HMOs tend to be the least expensive and best policies for people
with fixed incomes.

The best and most assured way to guarantee that you are getting the
best-reduced prices for health care benefits is to make sure you
work for a large company. The more employees there are, the cheaper
the cost out of your pocket. Find out how many employees a company
has and what the percentage is that have taken the company’s
insurance. Talk to the other employees and ask them if they like
the coverage and has it suited their needs. Also, ask them if there
have been any problems with it at all. Talking to the people who
have used the coverage that is being offered and what it has done
for or to them will let you know if this is the type of company you
want to work for. Think long term when job hunting, it isn’t just
about a paycheck. Sometimes a few dollars less per hour is better
to take if the insurance plan is a gem. You also need to think
about what will happen if you are ill and can’t be at work and how
to pay for these expenses. Look for a job that pays well and has
great medical coverage, you will be much better off in the future.
Not to mention you never know when you might get sick or injured
and need coverage for those expenses.  Find out more about
How to Get a Group Health Insurance Rate as an Individual

DISCLAIMER: This information is for educational and informational
purposes only. The content is not intended to be a substitute for
professional advice. Always seek the advice of a licensed Insurance
Agent or Broker with any questions you may have regarding any
Insurance Matter.

One Response to How to Get a Group Health Insurance Rate as an Individual

  1. […] Go to the author’s original blog: How to Get a Group Health Insurance Rate as an Individual […]

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