It is becoming increasingly common for those unemployed or the self-employed to choose to go for the individual health insurance plans when looking for insurance. This kind of plan calls for one to undergo a physical exam which is to be done at the behest of the insurer. It helps them to know more about the medical history of the person seeking insurance.
It is also normal for the insurance company to send their representative to interview you to see if your finances can successfully maintain your account. The outcome of the tests done and the result of the interview will help them assess whether you indeed qualify for the plans.
Here are some advantages and disadvantages of getting an individual health insurance plan.
The great thing about having an individual health insurance cover is that you stand to select the kind of benefits you wish to be included in the package. It may be things like consultation fees, childbirth and health of the baby, accidents, and major illnesses, among others. You can decide the kind of benefits that will most highly help you in the future.
If at all you find yourself unable to raise the kind of monthly premiums charged, you still have an alternative in some insurance companies who offer arrangements like co-payments. There are also some who will offer to share your medical expenses.
The main difficulty lies with the indemnities in that they can become hard to get. It mainly depends on your physical conditions since an insurance company gets the right to turn down an application.
Being in the high risk group of diseases such as cancer or diabetes, or even operating in the hazardous occupation category can easily diminish your chances of getting insured. Other companies may agree to give you insurance but on condition that you pay the higher premiums which helps to keep your account active.
The sensible thing is to treat insurance as just a tool to help you get medical attention at an affordable cost but it is definitely your own responsibility to keep yourself in good health.
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