More and more Americans are opting for individual & family health insurance plans these days, but it isn’t always easy knowing which plan fits your situation the best. There are a myriad of other insurance options such as HSAs and high deductible insurance that can make the process seem challenging. If you feel that individual health insurance or family health insurance is right for you, it’s in your best interest to reach out to a qualified and knowledgeable health insurance professional. You need to have an extremely clear understanding of the coverage that you are purchasing before you can make an informed decision.
Is Individual Insurance Right for Me?
The very first thing you need to determine is whether or not individual insurance is your best option. Some people have existing health conditions that make individual insurance less attractive than other alternatives. But if you previously received insurance coverage through an employer that you no longer work for, individual or family plans could be your saving grace if an accident were to happen in your future. Though you may be eligible for COBRA coverage that will extend your previous coverage, there is the chance that this isn’t a viable option for you. In addition, this coverage isn’t infinite, and you may be required to find an additional source of health insurance. In these situations, individual and family plans can hold tremendous value.
Speaking with a Human Being
Some people make the mistake of thinking they are well enough informed after doing a little bit of Internet research, but this could cause big problems down the road. It is in your best interest to take the time to speak with a human being who knows various insurance options inside and out. Health insurance is critical for your future, and having a guide that will help demystify various options and caveats is invaluable. Also, remember that health insurance is a long-term investment. Though there are temporary insurance plans that last for short periods of time, you may not always have the eligibility to renew them in the future, so you need to work with a guide that will help you make the best long-term decisions – your future and your loved ones’ futures depend on it.
Individual & Family Health Insurance Considerations
You also need to work with an insurance professional to find the plan with the most benefits. Though this may sound like a no-brainer, a lot of people fall victim to the trap of only considering premiums when they make their decision. But there are a variety of other factors to think about such as fees, annual out-of-pocket maximums, deductibles, and what costs and expenses count towards the deductible.
Finding Help You Can Trust
If you are considering individual & family health insurance but you just don’t know where to begin, reach out to Benefits Age today. We understand that insurance coverage can be challenging to fully understand, but we can help you make the best decision for your future and your loved ones’ futures.