Particular person Well being Insurance coverage vs. Group Well being Insurance coverage
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Particular person medical insurance could be very totally different from group medical insurance in some respects. Many individuals have had group medical insurance from a big company group plan and that’s all that they’ve ever identified. Many have by no means needed to really decide and select between totally different insurance coverage corporations and totally different well being plans as the entire choice making was achieved on their behalf by their employer. Listed here are just a few fast issues to maintain in minding when trying to find particular person medical insurance.
The underwriting for particular person medical insurance is totally different than the underwriting for group medical insurance smart travel axa.
That is nice information in the event you, your partner and children are wholesome as particular person medical insurance charges are less expensive than a comparable group medical insurance plan. It might be a trigger for concern when you’ve got some well being points in your previous as there may be the chance that the appliance will likely be declined due to what’s known as “pre-existing situations” in your medical historical past. Most particular person medical insurance corporations will look again into your well being historical past going again about 10 years. If the appliance is on a completely underwritten foundation and there are main well being points reminiscent of most cancers, diabetes, coronary heart illness, and so on. then the appliance will likely be declined. (What do you do at this level? Just be sure you hold your present protection and elect COBRA advantages or another type of continuation protection and when that protection expires it would be best to search for a HIPAA eligible medical insurance plan).