Finding The Right Health Insurance Company

With fewer jobs in the country due to a poorly performing economy and many large companies moving jobs offshore to reduce costs, many US residents have taken it upon themselves to open up their own small businesses. Naturally, these entrepreneurs are looking to find the best health coverage for themselves as well as for their families. Researching the right health insurance plan that will not only satisfy your individual needs, but also the needs of your family is no easy task, as health insurance coverage needs vary from person to person.

When conducting your research on what coverage you need for your health needs, the insurance company will consider the following factors:

Your age
Your Income
Whether or not you smoke/drink
Your Geographic location (not all providers are available in every state)

You on the other hand will be concerned with these factors:

What is the deductible?
How much is the co-pay for each doctor visit?
How much is the co-insurance? (The percentage you have to pay before you reach the out-of-pocket limit)
Out of Pocket Maximum Per Year
Maximum per Person / Per Family
Exclusions (for Preexisting conditions etc)
Limitations on which Doctors you can use
Acceptance at local hospitals
Out of Network Acceptance (if you are traveling)

An excellent way to reduce your health insurance costs is by using a Group Health Insurance Policy. If you can get insurance as one of the Benefits through your place of employment or even by join a group or organization, you may be able to reduce your costs by getting in on a group policy.

See: What is Co-Insurance?

Group Health Insurance Policies

How to Find the Right Health Insurance Policy?

Tim McMahon~editor

The Top 5 Health Insurance Companies

According to online sources, there are a total of 25 noted health insurance companies that rank well in the services they provide and the fees they charge. The Top 5 Health Insurance Companies are as follows:

Group Health Insurance Policies

We all understand the importance of a good health insurance policy. It not only provides financial coverage against unexpected health costs but it also reduces worry about it. With the help of a good health insurance policy, you can easily reduce the risk of developing serious health issues. Uninsured people generally ignore minor health issues or self-medicate. But when people have the coverage of a good health insurance policy, they feel more comfortable consulting a doctor before the problem has a chance to become more serious.

Group health insurance policies are generally provided by the employer of the firm you are working for. The insurance is provided for a group of employees as a whole. The insurance company provides a certificate to each of the group members. The best part about this type of insurance is that the employees do not need to qualify for coverage so you don’t need to worry about pre-existing conditions that might prevent you from getting an individual insurance policy. As an added bonus the employer often covers half the premium or even more as a benefit. Group health insurance policies might even provide coverage for certain health issues that are not covered under an individual policy.