The Roller-coaster Ride of Individual Health Insurance
The individual health insurance roller coaster ride has not changes much in the past decades. Politicians still debate the topic, employed people still protest the unreasonable coverage, and the unemployed and low income still weigh their options to either attain coverage or make ends meet. In addition, the catastrophe process to obtaining insurance is still the same. There is still the extensive filling out of the application, a physical exam and an informative interview for eligibility which does not guarantee that you will be approved for coverage. By the way, I’m not trying to scare people away from this topic instead I want to educate other on this importance concept. There have been many pros cons of public vs private health insurance and I will try address some of them.
When people think of individual health insurance what do they think of first; the cost. There are many affordable individual health insurance which can fit into anyone’s budget. Not all health insurance are expensive. For example, my individual health insurance provides me with the coverage I need at an inexpensive rate. I get to choose my own doctors, get inexpensive prescriptions, and get inexpensive doctor visits, ER, X-rays, and so on. With many individual health insurance, you can choose your own coverage such as hospitalization, ER, intensity care, doctors, and so on. You become the primary person that controls your coverage because no one knows you better than yourself.
Even with many good points, there have been controversies about individual health insurance. Many applicants as mention earlier may not even qualify for coverage because of poor health issues such as weight problem, high blood pressure, high cholesterol, heart disease, and so on. Many times the rate of the coverage may go up due to health changes. For example, my grandfather bought an individual health insurance from an insurance agency.
His health was fine and his insurance rate was low for a few weeks. However, he met the agency again for a follow-up examination. By that time, he developed high cholesterol and the agency raised his insurance rate. Then, he found out a week later that his rates went up because of his health change. Furthermore, some health insurance plans made not include ER and stay over night in hospital and if you need those services you would need to pay out of pocket for them. Or maybe the plan does not have what you are looking for or hope to be.
Overall, a health insurance is to provide you and me with long-term protection and coverage.
Tags: Pros Cons Of Publuc vs Private Health Insurance