Is it that your employer has not provided you with a proper insurance policy or that you are self employed and are looking for an individual health insurance policy? If yes, then you can learn how to get an affordable individual health insurance policy in this article.
It is very important to be clear in your mind as to what you want.
Firstly, you have to decide whether you are looking for a policy that covers all medical expenses from small to big wherein you will have to pay a high premium or a policy that would cover major illnesses only while you will have to bear the routine checkups and expenses and pay a low premium.
Once you have decided your requirement, you can easily decide and get the insurance policy that can meet your requirement.
Following are the types of individual health insurance plans that can save you money.
oThe first one is the major medical plan wherein you have to pay for routine checkups and medical expenses while you are insured for major ailments and accidents.
If you are healthy and fine, you can opt for this plan.
oIn the second option, you will have to look for an insurance plan that is high-deductible and in combination with a health savings plan, deposit money every month.
The initial expenses will have to be borne from your health savings account while the major medical expenses will be covered by the policy.
oThe third option is the HMO (Health Maintenance Organization) scheme.
In this option, you have to make a co-payment and you shall be treated by particular doctors only, decided by the insurance company.
oThe fourth option is the PPO (Preferred Provider Organization).
Here, you pay a certain percentage of the bill and you get to see a doctor of your choice.
This option is preferred by people who do not have medical problems frequently.
Now, you have to assess your health and accordingly decide on the health insurance plan that suits you and opt for the most affordable individual health insurance plan.