Health Care Insurance Economics
Health Care Insurance - Finding The Best Value For Your Needs
We mentioned early on that when it comes to health care insurance, there is no “one size fits all.” Ideally, working for an employer who offers non-contributory health care insurance is what most of us would aspire to. However, that is not a realistic scenario.
Finding affordable, adequate health care insurance coverage is a huge problem in our country right now. If you are in a situation where you require certain medications and have no access to reduced rates on prescriptions you can almost bet the farm that you will be paying top dollar for the medications you need.
When considering a change in employment, scrutinizing the potential employers health care insurance plan is a given. Sadly, many people look at everything about a new job except the health care plan, just lumping it together with a “benefit package.” This could be a huge mistake.
Contracting a debilitating illness or becoming an unwilling participant in an accident is not something that anyone can foresee. This is particularly true with young singles. Life situations change and a health care plan that was adequate for a single person may not apply should he/she marry and even have children while employed.
If their policy has no provisions for the addition of dependents in the future you can find your health care insurance woefully inadequate. Take the time to project what your future situation might be and plan accordingly. One of the most overlooked segments of our society are the self-employed.
Depending on age and dependent requirements, the cost for individual health care insurance coverage can be astronomical. If you are self-employed or a very small business owner, consider joining a local association like a chamber of commerce, better business bureau or some other type of business organization.
Many of these organizations offer access to health care insurance that might otherwise be prohibitive on an individual basis. They often charge a membership fee to the organization. Sometimes even when you factor in several hundred dollars a year for membership dues, that small cost far outweighs the potential savings in health care insurance premiums.
Health care insurance packages are often one of the most lucrative options these organizations have to assist in recruitment of new members. If you do not fall into either of the categories above, you might investigate other potential group options. Fraternal organizations, unions and clubs may offer access to group health care insurance rates.
The important thing is to pursue every possible avenue with an eye toward obtaining access to group health care insurance. Unless you are in a category considered as “low income” that would afford you access to social health care insurance you can plan on paying hefty premiums.
If you have a pre-existing condition, your chances of obtaining affordable health care insurance rates are statistically very low. But, there are some things you can do. Some tips to bear in mind are:
If you are in that “no mans land” where you do not yet qualify for Medicare, Medicaid or any of the other social programs yet are too old for individual health care insurance coverage you might take a look at AARP. It can provide a stop gap for that period of time while you are waiting to qualify for assistance.
If you are a young single parent, investigate any subsidized programs that might be available in your state. Many states have programs that will provide health care insurance for your children if not for yourself.
These social programs are generally based on a sliding scale based on your income level and in many cases visits and prescriptions for your children might be free of charge.
With the skyrocketing costs of health care insurance, no one should ever feel embarrassed or sacrifice the health of themselves or their loved ones by applying for any type of assistance that might be available to meet their needs.
Until something happens to curb this upward spiral we must all take special steps to see that the most vulnerable members of our society receive the health care insurance they need ... namely, our children and our elderly.
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