virtuous-raccoon-w6bhnm.mystrikingly.com Open in urlscan Pro
52.84.150.45  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Return to site
Return to site

GROUP HEALTH INSURANCE MIGHT NOT CONTINUALLY BE THE BEST



April 13, 2023

 With what is mewe rising cost of healthcare, increasingly more Americans' are
no longer provided coverage of health through their employers, if your healthy
which could not be a bad thing. Based on your employer's health insurance cost,
an individual policy may cost less. Having an individual policy you gain more
control over your personal benefits and cost, while with group you have hardly
any say in your choice. Individual health insurance isn't tied to your job and
can present you with piece of mind later in the event that you lose your job or
become un-insurable. The opportunity to reevaluate what's vital that you you
when needed may possibly save you hundreds of dollars. Because the economy
causes more employers and much more people to tighten their budgets, it may be
time to look at your wellbeing coverage differently, before it's too late. Group
health insurance could be expensive in comparison to individual, and in the
individual insurance market pre-existing health conditions can cause denial of
coverage. For legal reasons no one in a group insurance plan can be denied
coverage because of medical conditions such as for example heart surgeries,
diabetes, bi-polar etc. and having to insure they creates a higher financial
risk to the insurance carriers. To help with those cost associated with the
risk, the State of Missouri allows insurance carriers to improve premiums around
107% on the preferred rates for healthy people.* Rules vary state to convey so
check with your individual states' department of insurance. Medical underwriting
determines the medical risk associated with the group. Premiums are then
increased accordingly and all group members pay an equal cost for these medical
conditions, not just though with the conditions. Evaluating the percentage your
employer will pay for you as well as your family's health insurance, plus the
portion you pay, are important in determining if a person policy will be less or
even more favorable. Your family's part of coverage could be drastically more
expensive when you are pay 100% of the premium yourself and your group has
plenty of health conditions. Insuring family on another family policy is
becoming more prevalent as families make an effort to save. With group insurance
you have less control over deductibles, co-insurance and benefits unless you
will be the owner or decision maker, while with individual insurance coverage
the choice is yours. What one person can afford, another is probably not able
to. This can not always be studied in to account during the decision process
when it comes to group medical health insurance. Needs may vary in one person
who visits the doctor weekly to another who may only see a doctor every few
years. Why pay higher premiums for benefits you might never use? Control over
your cash and your health for your individual situation can be maintained easier
through an individual plan, not through a group. Employer paid insurance
benefits can be nice but, what if you lose your job? Your employee health
benefits are only good when you are employed. COBRA could be available
nevertheless, you are 100% in charge of the health insurance premium. On COBRA
you are responsible for the portion your employer has been covering. Another
scenario to consider is what happens if during your employment you experienced
open- heart surgery, was diagnose with diabetes, had a severe car accident or
can't work? Your only options will be COBRA if you have a choice and only
through the allowable benefit period, a HIPPA plan, state option where
available, or even to go without insurance. The Missouri Insurance Health Pool
may be the state of Missouri's resource, but it is very expensive and has
limitation. With an individual plan you own it so long as you pay the premiums.
If the premium is considerably less than your group insurance it may be easier
to pay. Just as group insurance costs are increasing, so are the individual
insurance charges. Premiums do increase with age as well as your area's claims
history, not by your personal insurance usage with individual coverage.
Insurance carriers are constantly battling for business and additionally battle
they will bring out new plans, lower rates or both frequently. So long as you
remain healthy, your health policy should be re-evaluated annually to greatly
help save you money. An independent agent's job will include offering you annual
updated quotes, & most carriers should be available through the agent for honest
comparisons. Individual policies can't be affect by other health conditions and/
or decisions, but derive from you alone while permitting you some freedom of
choice. Escalating insurance costs are currently causing more business' to cut
benefits or eliminate insurance altogether. Consumers are also attempting to cut
their very own cost as our economy brings more worry, what better time to save
money than now? Evaluating in the middle of your employer medical health
insurance options or purchasing an individual insurance policy could save you
hundreds of dollars annually. Investigate all options available to you and then
call an independent agent for a free second opinion. Most agents are happy to
sit down, help educate you and give you a genuine comparison of what's available
for your situation. Make sure to ask the questions you may have, in the end you
have nothing to loss and only money to gain. Sandra Reeves, owner of The Reeves
Group in St. Charles Missouri, can be an independent insurance professional who
specializes in health, life and LONGTERM Care insurance. Educating consumers on
insurance is not only employment but a pleasure with us. Visit our website for
the monthly newsletter at http://www.thereevesgrp.com Resources useful for this
short article are: *Missouri Department of Insurance website at
http://www.insurance.mo.gov including articles bought at this site- Options once
you medical health insurance is terminated and Small Business Health Insurance.

what is mewe


Previous
Group Health Insurance May Not Always Be the Best
Next
Group Health Insurance MIGHT NOT Always Be the Best
 Return to site
 *  * 
    * 
    * 
    * 

Powered by Strikingly
Create a site with
This website is built with Strikingly.
Create yours today!

This website is built with Strikingly.

Create your FREE website today!

start now

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your
subscription!

OKSubscriptions powered by Strikingly