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Everyone has different financial and medical needs, so when shopping for individual health insurance, you should know what these are before you purchase a policy. Make a list of what you are looking for in a policy and use a budget calculator like those on MoneyZine to determine what you can afford.
Where can I look on the Internet for individual health insurance companies?
There are many resources available online for searching for individual health insurance companies. First, you can use a search engine like Google or Bing to find individual health insurance companies.
Next, you can look at your state’s website to see if they offer a list of approved individual health insurance companies. For instance, the state of Connecticut Insurance Departmentoffers this service to its residents.
You can also look up reviews on insurance companies online. For example, the Better Business Bureau provides a grade and complaint and resolution history for insurance companies. The National Association of Insurance Commissioners also offers reviews of insurance companies’ complaints, licensing, and financial information. Lastly, A.M Best also rates insurance companies as far as their current and future financial stability.
Other Internet sources for insurance companies include reviews by reputable magazines. Consumer Reports provides toolboxes to input the plan type and state you reside to see the best insurance company as rated by the National Committee for Quality Assurance.
J.D. Power.com online also provides listings of the best health insurance companies according to your location. Although you may not be eligible for all of the companies as individual policyholders, you can use this tool to locate possible insurance companies in your area.
Where do I look in the phone book for individual health insurance companies?
The phone book is a great place to start to find individual health insurance companies. Simply look under health insurance agencies. Health insurance agencies either represent one insurance company or many.
You can also look under health insurance brokers in the phone book. Health insurance brokers do all the legwork in determining insurance policy options. Insurance brokers represent many different insurance companies. You can choose the policy from the options they present to you.
How do I find individual health insurance companies by word of mouth?
A great way to find out about individual health insurance companies is by word of mouth. Ask friends, family members, and co-workers about their health insurance policies. Even if they are enrolled in a group policy, the same company may offer an individual plan.
What about individual health insurance companies that is run by the state or federal government?
If you know you cannot afford individual health insurance from a private company, you may want to look at your state funded health care plans. You have to meet certain financial qualifications to be eligible, but it is worth looking into.
Although each state manages their own version of Medicaid, you can find links to your state on the U.S. Department of Health & Human Services website.
For individuals age 65 and older, you are eligible for federally funded Medicare. Medicare enrollment is also done on an individual basis. You can find out more information regarding Medicare online.
However, you can purchase supplemental policies from individual private insurance companies. Medicare offers a search engine to find plans in your area on its websites.
What about COBRA?
COBRA is another option when searching for individual health insurance. Although, the companies that COBRA is contracted through are not strictly for individuals, the government act requires that these companies cover individuals.
COBRA health insurance is the Consolidated Omnibus Budget Reconciliation Act, which allows individuals to maintain their current group insurance coverage when they leave the company their group insurance was under. Individuals who choose to use COBRA pay higher premiums, since their employer is no longer contributing to the plan. Policyholders can continue their COBRA coverage for up to 18 months after leaving their previous employer.
You can get health insurance quotes from individual health insurance companies by entering your zip code now!