Private or Employee Insurance

Even if your employer offers you health insurance, private insurance may be a better option for you. If your self employed it's the only option for you. According to considerable research, the average American worker pays $782 for individual health plans and $3425 for a family health plan a month. This is just an average so some may be paying way more. That's a lot of money.

One of the best places to shop for health insurance is online. www.getinsurancefast.com will provide you information to locate an insurance company that gives you the coverage you need but is less expensive as the premium you pay at work.

Sometimes buying private insurance really does help. The stats indicate that nearly 35% of people who work in small corporations that offer health care coverage pay more than half of the health insurance premium through payroll deduction. That tends to leave little for groceries and other bills.

You need to be careful, less expensive doesn't always mean better. Sometimes employer's insurance has vital protections in it that private insurance does not. A lot of it depends on what state you live in. Some of the things you might be getting from your employers insurance are guaranteed issue. This means that regardless of your health you will be accepted for coverage. Another item you might be getting from your employer is guaranteed renewability. This means your insurer cannot cancel you if you become ill. Still another item is portability. This means if you have a pre-existing illness that it will be covered in the amount of time you had it covered on your prior health insurance policy.

Finally COBRA insurance. This means if you are laid off from your job you can pay for your health insurance coverage for at the very least 18 months. COBRA is not part of private insurance.

These are items you want to check on before you decide to switch to personal insurance. It still may be the right thing for your situation but just be aware of these items and coverage.

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