How to Buy Personal Health Insurance
Personal health insurance protects you against high health care costs, especially in the case of unforeseen medical emergencies. Unpaid medical expenses are the leading cause of bankruptcy, so purchasing a health insurance policy can help guard you against a potential financial disaster. This article will provide several options for obtaining personal health insurance.
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Instructions
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Instructions
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Look into COBRA insurance coverage. COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) allows individuals to continue the coverage they had through their employer for up to 18 months if employment is terminated or if there is a change in employment status. This option works best for those with pre-existing medical conditions, as it allows you to maintain the same level of coverage. The drawback is that coverage through COBRA is expensive--check with your Human Resources office for more information.
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Apply for Medicaid (if you have low income) or Medicare (if you are over 65) if you meet eligibility requirements.
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Find a health-insurance broker. A broker can help you find insurance coverage that meets your needs at the best price. The National Association of Health Underwriters is a good place to start to find a health insurance broker in your area.
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Visit an online health insurance website. Health insurance websites can help you match prices, based on your situation and according to what's available in your state.
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Tips & Warnings
Have your medical records available, some companies want to know if you have a pre-existing condition. Shop around--be sure to compare different companies to get the best rates.
