I can remember how confusing it was the first time I had to look for my own health insurance policy. I had always had my coverage taken care of by my employer, but I decided to start my own business at home and I was suddenly left without coverage at work.
While I could have gone with COBRA for 18 months and worried about finding an individual plan later, I ultimately decided that it wasn’t worth doing this. COBRA was very expensive (over $400 per month for just me) and I couldn’t really afford something like that since I was going self employed.
Based on the expensive price of COBRA, I had no choice but to find some individual coverage for myself. Not knowing where else to look, I contacted a local insurance agency and hoped to find something to my liking. Unfortunately, their offerings were a letdown to say the least.
I decided to bring my search to the web, since you can buy just about anything online. At this point, I was beginning to feel better about things since there was a lot more available.
After having shopped for many of potential policies, I’d like to give you three tips that I know you should avoid. I almost made the mistake of getting policies without these things, and if it wasn’t for a knowledgeable friend, I wouldn’t have seen the fine print.
Make sure that if you’re currently taking medications or being treated for a certain condition, that it won’t be excluded from the policy. Very often, carriers will issue what’s called an exclusion rider, and you obviously don’t want this.
You won’t be able to see just any doctor that you want, and it may depend on the networks that your carrier represents. While you’ll often have the choice, you can easily look up the doctors in advance before deciding on a policy. I’d definitely recommend doing this.
The final thing that I noticed about many policies is the fact that they’ll only cover you in state. If you happen to travel often, you’ll definitely want to avoid these policies.
The writer of this article also writes about concerns of a Magniwork scam at http://magniworkscam.com.
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