Specific health insurance is very different from group health insurance in some areas. Many people have acquired group health insurance from a huge corporate group plan and that is everything they have ever known. Many have never experienced to actually select between different insurance companies and various health plans as all the decision making was done with them by their employer. Here are a few quick things to keep in thingking when looking for specific health insurance. cigna dubai
The underwriting for individual health insurance is different than the underwriting for group health insurance.
This is great news if you, your spouse and kids are healthy as individual medical insurance rates are much less costly when compared to a comparable group health insurance plan. It could be a cause for concern if you have some medical issues in your past as there is the likelihood that the application form will be declined anticipated to what is called “pre-existing conditions” in your medical history. Most specific health insurance companies can look back into your health history returning about twelve years. If the program is on a completely underwritten basis and there are major health concerns such as cancer, diabetes, center disease, etc. then the application will be rejected. (What do you do at this point? Ensure that you keep your current coverage and elect COBRA benefits or any type of other form of extension coverage and when that coverage expires you will want to look for a HIPAA eligible health insurance plan).
Individual health insurance is much more affordable than group health insurance.
Think of it kind of like; in specific health care insurance the insurance company gets to select who they will extend coverage too. They choose those who find themselves healthy and have the lowest risk to the company. Therefore, the rates are much lower than in a group health insurance plan where no matter who applies for coverage, whether healthy or unhealthy, they are offered coverage (and of course everyone that is detrimental wants health insurance – this principle is called the law of unfavorable selection if any ultra technical people just love knowing the actual name of insurance principles). The best way to think about it is if you are healthy and on a group health care insurance plan then you are in a sense subsidizing the price tag on each of the detrimental people on the group health insurance plan.
Having quotes for individual health insurance is very easy.
Obtaining group health insurance online quotes is sometimes a long drawn away means of filling out a census form with all of the employee information and other administrative time consuming tasks. With the ease of the Net and the simplicity of individual health insurance rates all it will take is a few occasions to enter in basic medical health insurance information and you could view individual health insurance rate quotes online.
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