WHY SHOULD YOU BUY YOUR OWN HEALTH INSURANCE POLICY
For years, Americans expected their health insurance to be provided by their employers. Health coverage was a standard benefit with most jobs, and many people never worried about paying their doctor and hospital bills.
Unfortunately, those days are gone. Today, the rising cost of healthcare means that most companies can’t afford to offer coverage. Now, more than ever, people are looking to cover themselves with individual or family health plans.
INDIVIDUAL HEALTH COVERAGE MAKES MORE SENSE
Many people think that individual health coverage is more expensive than group health coverage. Also, many people think it’s hard to find individual coverage that offers comprehensive health protection.
The reality is that since employers have had to shift most of the insurance costs to their employees, many American workers are finding that each year more of their paycheck goes to pay for their employer-sponsored insurance policy. Sometimes, the premiums get higher and the benefits become more limited. That is why, for some people, individual coverage makes more sense. The premiums can be reasonable and you can choose the plan that best fits your needs.
ADVANTAGES OF HAVING YOUR OWN POLICY
There are several advantages to owning your own health policy.
The right coverage for you.
With group coverage, the employer chooses the plan and everyone has the same policy. You may end up paying for benefits you never use and your own unique healthcare needs may get overlooked. With an individual policy, you choose how rich or limited a plan you need and can afford.
Coverage you can keep.
Leave a job, and you leave behind your employer-sponsored coverage. Not so, with an individual policy. You can go wherever your career path takes you and your health insurance goes with you.
You are only responsible for yourself.
In a group policy, the cost of healthcare is spread out among everyone. That means you end up paying for everyone else’s health choices. With individual coverage, you only pay for your health.
For many people, individual health insurance makes more sense. For less than you think you can get a comprehensive health insurance plan designed to fit your needs and your wallet.