You can easily compare private health insurance plans using the quote tool on this page. Essentially you answer a variety of questions regarding your health, demographics and the coverage you want and in no time, you receive quotes from a variety of private health insurance companies.
When you are ready to start comparing health insurance benefits, just put your ZIP code in the FREE quote tool!
Purchasing private health insurance is not something that everyone will do. In fact, many people who look for it are doing so after being covered by a group health insurance plan. Whether that plan was employer sponsored or a government plan, the health insurance choices were made by someone else. When you start to look for private health insurance you will face a host of choices you never considered before.
Private Health Insurance
Private health insurance is very individualized. A great deal for one person may turn out to be a terrible one for someone else. In order to compare health insurance effectively, you need to do your homework.
By visiting the Insurance Information Institute you can get an explanation of the different terms common in the world of private health insurance. You need to know the difference between HMO, PPO, HSA, co-payment, deductible, limits and much more before choosing a private health insurance plan for yourself.
You also need to be aware of how you use health insurance. If you require health care fairly regularly, a more comprehensive plan with lower out of pocket limits may be a good choice. If you almost never see a doctor, a plan to cover serious illness and injury only may be the best one for you.
Disparity in Health Insurance Cost
Private health insurance is based on many different factors. Essentially a health insurance company charges an individual a premium in order to assume the risk of their health care costs for the year. The risk each person presents is very different.
Underwriters look at factors such as where you live, your job, your age, gender, height, weight, health history, whether you smoke or have high risk hobbies, and more in order to set rates. While all insurers take all these factors into consideration, they are weighted differently for each insurer. For this reason, you will find that your individualized private health insurance quotes will differ from company to company.
The policies that each company offers differ, causing more disparity in the cost of private health insurance. Each company typically has its own network of doctors that charge differing prices.
In addition, benefits of a private health insurance plan can be very different from one company to another.
For this reason, it is important to actually read the details of the private health insurance policy before you commit to it.
Health Insurance Companies
As a member of a group health insurance plan, you have no say in who your health insurance provider is. However, when you are looking for private health insurance the ball is completely in your court. You can choose the company that best meets your needs and expectations.
For this reason it is important to thoroughly check out any company you are planning to buy insurance from. Not all companies are as respectable, as financially solid or as customer service oriented as others. Start by looking at the ranking of health insurance companies.
In order to find out about the finances of an insurer, get their independent insurance rating from one of the companies that specialize in such ratings, like Moody’s, Standard & Poor’s or A.M. Best. An A or above is a desirable rating for a company you can count on to be around to pay out any health care claims you might have.
To get information about how a company treats its customers, take time to do some research. An online search will uncover complaints and positive reviews of a company from a variety of actual clients. In fact, the bigger the company the more complaints you will find. Don’t be discouraged by the amount of complaints, but consider them in light of the size of the company.
There has never been a better time to compare private health insurance than now. Gone are the days of making phone call after phone call, repeating the same information in order to get quotes you can accurately compare. Today you simply input your information once and a sophisticated quote tool gathers all the quotes you need in no time.
View a variety of health insurance options right now by simply putting your ZIP code in the FREE quote tool!