INDIVIDUAL HEALTH INSURANCE

Quality Individual Health Insurance Plans affordable by design

Health Insurance is a vital component to any sound financial plan and is needed by everyone. Without proper coverage, you leave yourself open to financial risk and possibly financial ruin. Unexpected medical expenses are the largest reason people file bankruptcy.

Although most employers offer group coverage, not all employers offer medical benefits. Those that do usually offer only 1 plan, which may not meet the needs of you or your family. In addition, more and more employers are reducing their contributions towards premium costs, sometimes requiring employees to pay the entire premium for spouse and dependent coverage.

Why purchase Individual Health Insurance?

Financial Protection

Unexpected medical expenses are the single largest reason people file bankruptcy. Everyone should have health insurance. Without coverage you face financial risk and possibly financial ruin.

Premium Savings

Individual health insurance policies are typically less expensive than participating in a group plan offered by your employer, especially if you are responsible for your spouse and dependent premiums.

Flexibility

Individual health insurance plans offer the greatest flexibility. You purchase the benefits that you and your family need, nothing else. Employer sponsored group plans may require you to pay premiums for benefits such as Maternity that your family might not need or ever use.

Portable Coverage

Unlike employer sponsored group health insurance that terminates when you change jobs, you and your family can keep your individual or family policy for as long as you choose to pay the premium.

Tax Advantages

Self-employed individuals are allowed to deduct 100% of the premium for health insurance. In addition, HSA’s offer excellent premium savings and tax benefits, and may not be offered by an employer sponsored group plan.

FAMILY HEALTH INSURANCE

With the premiums on private health insurance set to rise again in April – the average premium rising by about 6% this year – you may be beginning to wonder if you have the best private health insurance deal possible for your family.

While making the time to do the research, and then the effort to make the change, may seem to require more energy than you have at the moment, once you begin to look into private health insurance and compare other funds with your own, you’ll be surprised by how varied different plans can be. Not only do they cover different medical items, but they also offer different rebates and different premiums. In short, it’s definitely worth checking out the competition every year or so to ensure that you have the best private health insurance plan to suit your family’s needs – and you just may end up saving money too!

HOW DO I COMPARE PRIVATE HEALTH INSURANCE FUNDS?

Very often it isn’t until you start thinking about having children, that you begin to think about the benefits of private health insurance. If you’re considering private health insurance for the very first time, the best place to start researching your options is by chatting with friends in similar circumstances to you. You will very quickly get a good idea of what’s available – and you’ll get the benefit of their research too!

Contact the private insurance funds to get details of policies – you can do this by either phoning them directly or checking out their websites.

While there is no one place that can provide you with all the information you need to compare health insurance funds, two websites do compare a selected number of funds and using either or both of these services will help you narrow your choices.

LIFE INSURANCE

Life Insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary sum of money (the “benefits”) upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the premium.

The advantage for the policy owner is “peace of mind”, in knowing that the death of the insured person will not result in financial hardship for loved ones.

Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot and civil commotion.

Life-based contracts tend to fall into two major categories:

  • Protection policies – designed to provide a benefit in the event of specified event, typically a lump sum payment. A common form of this design is term insurance.
  • Investment  policies – where the main objective is to facilitate the growth of capital by regular or single premiums. Common forms (in the US) are whole life, universal life and variable life policies.

FREQUENTLY ASKED QUIESTIONS

What is individual & family medical insurance?

Individual, or family, health insurance is also commonly known as personal health insurance or private health insurance. Most insurance companies offering this product will refer to it as individual health insurance. Family health insurance,where you, your spouse and your children are all on the same plan, is still referred to as an individual health plan. This is the type of policy you would purchase for yourself and your family if your employer does not provide insurance benefits to its employees. You may also consider family medical insurance if you are self-employed, unemployed or a student. Individual and family health insurance plans are available for newborns on up to the seniors at age 65. Once a person turns 65, they become eligible for Medicare and medicare supplemental insurance, and must forfeit their individual medical insurance policy.

We are committed to helping you meet all of your family and personal health insurance needs. We offer access to more sources of individual and family health insurance quotes than any other resource on the Internet. Click on your state for more information and to find low-cost private medical insurance companies in your state. Compare your individual health insurance quote from each company, and narrow down your selections to only the most-affordable individual health insurance plans. Requesting a free personal health insurance quote and making plan comparisons from multiple sources is the best way to find private medical insurance coverage that meets your needs and budget.

Once in touch with an agent, ask them about all of the individual health insurance plans they offer. Know your private and family health coverage options and use the information provided in this section to understand the choices you make.

What determines the premiums for individual medical insurance plans?

Individual, or family, health insurance is also commonly known as personal health insurance or private health insurance. Most insurance companies offering this product will refer to it as individual health insurance. Family health insurance,where you, your spouse and your children are all on the same plan, is still referred to as an individual health plan. This is the type of policy you would purchase for yourself and your family if your employer does not provide insurance benefits to its employees. You may also consider family medical insurance if you are self-employed, unemployed or a student. Individual and family health insurance plans are available for newborns on up to the seniors at age 65. Once a person turns 65, they become eligible for Medicare and medicare supplemental insurance, and must forfeit their individual medical insurance policy.

We are committed to helping you meet all of your family and personal health insurance needs. We offer access to more sources of individual and family health insurance quotes than any other resource on the Internet. Click on your state for more information and to find low-cost private medical insurance companies in your state. Compare your individual health insurance quote from each company, and narrow down your selections to only the most-affordable individual health insurance plans. Requesting a free personal health insurance quote and making plan comparisons from multiple sources is the best way to find private medical insurance coverage that meets your needs and budget.

Once in touch with an agent, ask them about all of the individual health insurance plans they offer. Know your private and family health coverage options and use the information provided in this section to understand the choices you make.

What are the different types of individual & family medical insurance?

Individual, or family, health insurance is also commonly known as personal health insurance or private health insurance. Most insurance companies offering this product will refer to it as individual health insurance. Family health insurance,where you, your spouse and your children are all on the same plan, is still referred to as an individual health plan. This is the type of policy you would purchase for yourself and your family if your employer does not provide insurance benefits to its employees. You may also consider family medical insurance if you are self-employed, unemployed or a student. Individual and family health insurance plans are available for newborns on up to the seniors at age 65. Once a person turns 65, they become eligible for Medicare and medicare supplemental insurance, and must forfeit their individual medical insurance policy.

We are committed to helping you meet all of your family and personal health insurance needs. We offer access to more sources of individual and family health insurance quotes than any other resource on the Internet. Click on your state for more information and to find low-cost private medical insurance companies in your state. Compare your individual health insurance quote from each company, and narrow down your selections to only the most-affordable individual health insurance plans. Requesting a free personal health insurance quote and making plan comparisons from multiple sources is the best way to find private medical insurance coverage that meets your needs and budget.

Once in touch with an agent, ask them about all of the individual health insurance plans they offer. Know your private and family health coverage options and use the information provided in this section to understand the choices you make.