How can I find the top private health insurance available to me?
Finding the top private health insurance to you is best accomplished using the internet. One trick is to find the sites that offer neutral information or comparisons of several insurance companies, while still being careful to avoid the blatant ads for particular insurance companies. For instance, the National Committee for Quality Assurance provides a list of accredited insurance companies and various report cards and ratings.
If you want to find health insurance quotes more easily, simply enter your ZIP code into the FREE search box now!
If you want to search for independent health insurance without using a comparison site, you can just type in the names of some of the biggest health insurance companies in your area into a search engine. Almost all of them offer some sort of private health insurance.
Biggest Private Health Insurance Companies
CNN Money ranked the largest health insurance companies in an online article in 2009. They found the biggest to be United Health Group, Wellpoint, Aetna, Humana and CIGNA. These top five companies were responsible for a combined revenue of over 200 billion dollars in 2009.
United Health Group and Wellpoint were both in the top 50 companies as ranked by Fortune Magazine. Other health insurance companies in the Fortune 500 besides the ones listed were Health Net, Coventry Health Care, WellCare Health Plans and Universal American.
Preexisting Medical Conditions
It can be hard to find health insurance for people with preexisting conditions. Health insurance companies may deny you or charge you extremely high premiums. With the Affordable Care Act of 2010, children under 19 years of age cannot be denied health insurance because of a preexisting condition. For adults, insurance companies will not be able to deny coverage due to preexisting conditions beginning in 2014.
For most people over 19 years of age with a preexisting condition, it will still be possible to get private health insurance before 2014.
However, they may be subject to a preexisting condition exclusion period. During this period, which may be limited to as few as 12 months in some states, any costs of treatment of a preexisting condition would not have to be paid by the insurance company.
According to an article on the About.com website, the HIPAA act can provide some protection from the preexisting condition exclusion if you are changing jobs. As long as you had health care for a full year on your previous job and your insurance is not interrupted for more than 63 days, the new plan cannot exclude your preexisting condition.
Save Money on Private Health Insurance
The first key to saving money on private health insurance is to shop around. There are plenty of private health insurance companies out there and sometimes finding the right plan for you is just a matter of searching through a lot of potential insurers.
One idea that could save you a lot of money on health insurance is to go with a high deductible plan. These plans feature very low premiums and very high deductibles. High deductible health insurance plans are great for healthy people who only need insurance in case of a serious injury or illness, since they are unlikely to need to pay for more than a simple checkup in a normal year.
Another trick to saving money on private health insurance is to avoid unhealthy habits. Things like smoking or drinking excessively can be cause for an insurance company to charge you a higher rate.
Health Insurance in 2014
If the Affordable Care Act is not overturned or modified by 2014, it should be a year of big changes in health insurance. People will begin to have to pay a penalty if they choose not to have acceptable health insurance coverage when they can afford it in 2014, with some exceptions or exemptions possible. A system of tax credits will reward or penalize companies based on what level of health benefits they offer their employees, as well.
In 2014, insurers will not be able to refuse coverage due to preexisting conditions, nor impose annual limits on coverage. Insurers will no longer be able to charge higher premiums due to gender or health status. Health insurance exchanges will open in every state to create competition between health care companies.
If you would like to take a look at current health insurance rates, type your ZIP code into the FREE quote tool now!