When you do not have the benefit of group insurance then you can opt for individual health insurance. Here you have to be very careful as individual health insurance requires more information than group insurance at the workplace. This is because the family health plans are always underwritten when an individual applies for health Insurance. This happens because a medical underwriter who goes over the medical forms will see if the individual is a good risk for the insurance company. The underwriting is done to keep all the cost low.
The Risks Involved when completing Health Insurance Application
If you have taken a look at any Individual’ health Insurance application, you will notice how long it is . If you have been to a doctor or suffer from any ailment or are taking any prescribed medicines than it has to be mentioned in the form otherwise there is nothing much you have to enter in the form.
Always keep in mind when feeling an individual or family application specially if you have some medical problems, as there is no medical underwriting and there is change in healthcare system. Every medical problem is mentioned and every medication is mentioned in the form. In every State in the United States the Insurance companies have to cover everything once it has been approved. When you have been approved coverage then all medicines and prescribed drugs have to be covered by the Insurance company.
How does Health Insurance Work
Insurance companies do not like a customer who on getting insured needs money for treatment and medicines immediately after. Insurance companies use actuarial tables to underwrite applications. If according to what you have written if the insurance company has to shell out money then your application will not be passed.
If you do not have any health problems and are not taking any drugs then you can easily get health insurance without much trouble. Sometimes being too honest when writing an application can cost you. It is best to go for health insurance before you see any doctor for anything. Be careful when you tell the doctor who is giving you a medical checkup anything as it will be entered in the records. It is better to have health insurance than not having at all. If you are rushed to the hospital for any eventuality the hospital will give you better treatment if you have insurance, knowing you can pay for it.