Wednesday, December 14, 2011

individual condition guarnatee vs. Group condition guarnatee

Individual health assurance is very distinct from group health assurance in some respects. Many citizen have had group health assurance from a large corporate group plan and that is all that they have ever known. Many have never had to legitimately pick and pick in the middle of distinct assurance clubs and distinct health plans as all of the decision manufacture was done on their behalf by their employer. Here are a few quick things to keep in minding when searching for personel health insurance.

The underwriting for personel health assurance is distinct than the underwriting for group health insurance.


This is great news if you, your spouse and kids are healthy as personel health assurance rates are much economy than a comparable group health assurance plan. It could be a cause for concern if you have some health issues in your past as there is the possibility that the application will be declined due to what is called "pre-existing conditions" in your medical history. Most personel health assurance clubs will look back into your health history going back about 10 years. If the application is on a fully underwritten basis and there are major health issues such as cancer, diabetes, heart disease, etc. Then the application will be declined. (What do you do at this point? Make sure that you keep your current coverage and elect Cobra benefits or any other form of continuation coverage and when that coverage expires you will want to look for a Hipaa eligible health assurance plan).

Individual health assurance is much economy than group health insurance.

Think of it kind of like; in personel health assurance the assurance company gets to pick and pick who they will expand coverage too. They pick those who are healthy and have the bottom risk to the company. Therefore, the rates are much lower than in a group health assurance plan where no matter who applies for coverage, whether healthy or unhealthy, they are offered coverage (and of course everyone that is unhealthy wants health assurance - this principle is called the law of adverse option if any super technical citizen just love knowing the actual name of assurance principles). A good way to think about it is if you are healthy and on a group health assurance plan then you are in a sense subsidizing the cost of all of the unhealthy citizen on the group health assurance plan.

Getting quotes for personel health assurance is very easy.

Obtaining group health assurance quotes is sometimes a long drawn out process of filling out a census form with all of the worker data and other menagerial time spirited tasks. With the ease of the Internet and the simplicity of personel health assurance rates all it takes is a few moments to enter in basic health assurance data and you can view personel health assurance rate quotes online.

individual condition guarnatee vs. Group condition guarnatee

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