Health Insurance Rates |
In addition to low cost group and employer healthcare
insurance policies, you should consider the advantages
of individual or separate family insurance. Here's why:
While you might save money in the short term with a
group or employer policy, you will be in a very different
situation if you lose your job or your employer changes
the terms of its health insurance coverage or changes
the share it pays for your policy.
In today's economy, for example, many employers are
cutting back on their health insurance benefits or changing
the amount their employees must pay or cancelling insurance
for retirees.
So while you can lose your employer or group policy
which can cause a lapse in coverage or its cost can
be drastically altered, this is not true for an individual
or separate family policy. Once you have bought an individual
policy the cost should remain fairly stable -- although
it will probably go up some from year to year. As long
as you pay your premiums, you cannot lose your coverage.
This is because these policies are regulated by your
state's department of insurance which limits both the
amount that your premiums can increase -- even if you
have a major claim. Most state laws also spell out strict
rules regarding cancellation or non-renewal of a policy.
Use our fast and easy online form to comparison shop
for health insurance
quotes for individual and family policies.
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