Individual Health Insurance Basics, Part 1
Posted by Mary K. on Mon, Sep 14, 2009 @ 09:52 AM
Understanding any kind of insurance can be confusing. Understanding your car and homeowners insurance is very important - understanding your health insurance is critical. I would like to share some basic information that may help.
What is individual health insurance?
It's coverage that you buy for yourself and your family. It can cover one person, a couple, or a family. Most people get health coverage through work, an association they belong to, or the government. If you do not have health insurance through any of these options, you need to buy private health insurance.
Do I need health insurance?
Not having insurance is worse than paying premiums. You might be able to pay for a doctor visit, prescription or other smaller medical costs on your own. However, you probably could not afford the high medical bills following a bad accident or severe illness. If you don't have insurance to protect you, you are responsible for paying all of these bills yourself. People without insurance may face a serious threat to their health by waiting to go to the doctor. There will be higher costs if your condition gets worse.
Where can I buy individual health insurance coverage?
Individual health insurance can be purchased through independent health insurance agents. Agents represent many companies that have a variety of plans. You can also buy health insurance on the Internet or directly from an insurance company.
Visit Celtic's Individual Health Insurance Learning Resources page to learn more - and stay tuned to this blog for additional information to help you understand individual health insurance!