We know that a great deal of Americans who have health insurance coverage, nearly 60%, get medical benefits through an employer sponsored group plan. Nearly 25% of other citizens get plans through government sponsored programs like Medicare, Medicaid, and CHIPS. If you have been self employed for any length of time you have probably purchased a, HDHP (High Deductible Health Plan). Whether you are looking for a private individual health policy or deciding on options from your employer for group insurance, it is best to understand how they both work. Most likely, if you found our Web Portal, it's because you or your family is on the search for a new individual health insurance policy. If you are looking to get more information regarding decisions about a group health insurance plans we can help with that too. Both are vital for all Americans, but have vast differences. If your need is getting an individual health insurance policy, it at the moment is more difficult because you have to qualify medically. Each insurance carrier has to approve you through an underwriting process, which many residents to do qualify for. You will have to do an application and offer your entire medical history. A carrier can then either approve you as applied (preferred rating), exclude items from your policy, or charge you a higher premium rate. Be sure you understand how each carrier underwrites their policies, as there are vast differences from one carrier to the next. The majority of all Health insurance carriers are going to make a small profit from doing business with you. If you take an insurance policy with a carrier, they are doing the math to make sure they collect enough premium for there book of business to cover all of their members claim costs. Therefore, if you already have a pre-existing medical condition, a carrier might decline to do business with you. Group health insurance programs are guaranteed that you will qualify for medical coverage, even If you have a pre-existing medical condition that might cost them over one millions dollars to insure. The reason for that is employer sponsored group health insurance takes all risk, healthy, and unhealthy. When you are able to group so many individuals into a pool, the risk is spread out enough to all paying members of your group. So get to understand more about your American health care system today! It is an important part of any American living in the United States. |
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