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Who Needs Individual Health Insurance?

Who Needs Individual Health Insurance? - As the economy keeps getting worse, finding individual health insurance is not going to be easy. If you have access to group insurance you can find lower rates, but for individuals it's going to be a chore finding insurance you can afford. There are a several groups who don't have access to group plans.

There are some people who don't carry healthcare insurance due to the high cost of the premiums. There are others who don't carry it because it's an added cost to their already tapped out income. Finding individual medical insurance is not an easy task. In most cases, it cost twice to three times more than group insurance. Some individual health plans cost well over $350 per month and if you're a healthy person, this is almost a waste of money.

You can save the monthly payments to pay for the healthcare when you do need it. At least, that's how most people think about health care plans. If they don't visit a healthcare provider for 4 to 5 years why are they paying over $4000 a year for health insurance? It's a big dilemma for many people whose pay check is already tapped out.

Self-employment can be great for the moral and a liberating experience. However, getting sick and losing job after job can set your mind to wonder if you did the right thing in not finding individual medical insurance. If you have health insurance you know you wages will be covered if you have any health issues that require you to miss work. Some illnesses can take over a year or so for recovery. Without insurance, it becomes a trial to get your work done and pay the medical bills.

There are also the people who are unemployed or the company they work for doesn't have group insurance. They still need to cover the healthcare for their family and need individual health insurance. Again, finding an affordable medical insurance will take some effort on your part to find an insurance company that will cover you with an affordable plan.

There are temporary employees, part-time employees, and others who only work a few hours a week that also need individual medical insurance but can't afford it. They don't have any coverage, so if they get sick, they have no backup health plan.

Students also don't have any health insurance unless they are on their parent's healthcare plan. However, if they are over 19, then they have to have their own individual health insurance. That's a lot of money for a student to pay out every month.

With the new healthcare plan being enacted in 2014, it might be easier to find individual health insurance for those who need the coverage. Until then, you'll just have to keep looking around until you find individual health insurance that you can afford.

By: Jenna Paxton
Visit health insurance site: http://www.insureyou.cc/health_insurance.html
Article Source: http://ezinearticles.com/?expert=Jenna_Paxton
Article Link: Who Needs Individual Health Insurance?