4 Tips for Buying Additional Health Insurance

Health insurance today is something that simply cannot be ignored. As health costs, hospital stays, and medical procedures rising sharply each year, it is very important to have some sort of health insurance. Going for a period of time without any type of health insurance can be financially disastrous.

It has been estimated that close to 50 million people in the U.S. alone do not have some sort of health insurance. Many of these are already facing large medical bills and are facing foreclosure on their homes and bankruptcy. Here are a few different tips to getting additional health insurance and still being able to afford it.

Look Into Group Rates

You can get much better health insurance through a group plan than you can on your own. This is true for both price and amount of coverage you can have. Many employers will allow you to be able to add onto the base plan that they have. For many people, having group based insurance from their place of employment keeps them working at a particular place for a long period of time. They would not be able to afford any insurance otherwise.

Only Buy What You Need

One way to lower the cost, but also add additional insurance onto your plan is to have it customized to fit your needs. Many people today are paying for insurance coverage they do not need and probably never will. You can contact many different organizations to help you choose the type of coverage that would best suit your needs. Organizations like National Association of Health Underwrites will work with you and point you in the right direction.

Research Different Plans

Another way to add on additional health insurance is to do some research into other insurance policy suppliers. You can do this through different areas.

  • Look online - Doing an online search for other supplemental health insurance carriers is one of the easiest ways to find additional insurance.
  • Ask current provider - Talk to your current health insurance provider and see what they can do about adding additional coverage while still keeping your insurance at an affordable rate.
  • Look into government programs - There are several programs that you can look into at the state and local level for additional health coverage. Medicare, Medicaid, and state programs are available.

Change Deductibles

You can add more insurance by making a change to your deductibles. This will only be a good deal if you know that you will not be using your health insurance a lot. If you have a healthy family, then this might be something to look into. Raising you deductible a few hundred dollars could allow you to add supplemental insurance or increase the coverage on your current insurance.

Health insurance is a must needed fact of life. You simply do not know when you will have an accident or be diagnosed with a life threatening illness. They can strike at any time. Not having adequate insurance can greatly affect the rest of your life. Look into adding new additional coverage to your policy with these simple tips.

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