10 Things You Should Know Before Buying Individual Health Insurance

Feb 23rd, 2012 | By Hot News Reporter | Category: Insurance Today

Nowadays, it has become difficult to obtain individual health insurance. For resolving this matter, online group health insurance application can really provide bright results in almost no time. People can also take the help of insurance agents for having better understanding of the policy guidelines of various insurance companies. With such an efficient approach, people can literally save some time and get themselves registered in the policy within an hour. However, it is not as simple as it seems and this manes it compulsory to follow a fixed set of guidelines. Hereafter, people will be guided through 10 things to be considered before applying for a private health insurance.

1. First of all, people should not let their policies expire before undergoing new coverage aspect. For preventing the subsequent cancellation of the policy, people should ask Consolidated Omnibus Budget Reconciliation Act (COBRA) for assistance. It makes sure that policy holder’s group health coverage is not terminated.

2. Afterwards, people should discuss with their physicians about the specific medical records prior to health insurance application. Most of the private insurance companies look for ten years back medical history of the applicant. Therefore, people must make sure that their medical records are maintained up-to-date. Moreover, they should also discuss their health issues with their physicians for preventing themselves from disqualification.

3. For obtaining authorized copies of their medical records, people can contact HIPAA (Health Insurance Portability and Accountability Act). People can log on to their website for more information regarding the act terms and conditions.

4. There is additional need to check for the correlation as well as compatibility between the health insurance policy and their local state policy. There are certain variations and exceptions related to coverage aspects when it comes to understand the policies of state. They can also get these details in their state authority’s online portal. They just need to visit the state government’s website and seek for keywords like health insurance policies or individual health insurance.

5. Medical Information Bureau (MIB) represents central database for representing medical information, this information is specifically shared by big insurance companies. People should call MIB officials for obtaining free copy of their medical information. They can also get hold of this copy by visiting MIB’s website.

6. Insurance agents are also reliable sources of getting terms and conditions of state insurance policies and they can help people throughout their application process. This can obviously need some payments to agents but ultimately, people do not need to undergo any of the headaches related to the application process.

7. Sometimes, insurance companies terminate the information provided by the person due to inaccurate information. This rejection is based upon some details which are not provided by the person. Therefore, people should review their documents descriptively before submission.

8. After submission, people will get a follow up call from the insurance company where they are supposed to answer the questions.

9. People should honestly say no if they do not know the answer of the question.

10. Finally, there is a need to stick to the facts related to the medical history of the people.

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