Individual Health Insurance With Low Premiums And Long Term Care Insurance–Options For The Uninsured

Individual health insurance plans that may offer low premiums and considerations about long term care can offer a variety of insurance opportunities for those who may be uninsured at the present time or have an employer that does not offer a group health insurance plan. Many companies have reportedly been cutting back on health insurance coverage, making their workers carry a greater percentage of overall health care costs, or some have simply turned to options like a health savings account paired with high deductible health insurance, as a way to lower premium costs.

However, when it comes to individual health insurance plan, and uninsured man or woman must weigh numerous options when it comes to what they need from a health insurance plan, how much they can afford, what conditions will need to be covered, and there are also some men and women who are looking at long term care insurance that can help them when certain costs are not covered under a traditional health insurance policy. Obviously, affordability may be a major issue for some, but for an insurance seeker, numerous providers will offer a wide range of options that can, in some cases, cover numerous medical costs that may arise for a policyholder.

When it comes to individual health insurance, many uninsured men and women may be looking at short-term options, like a high deductible health insurance plan, that could help them avoid excessive medical costs were a sudden emergency to arise. Catastrophic instances or illness can be incredibly expensive, particularly if extensive medical treatment or a long-term hospital stay are the result. Yet, some consumers have opted for these short-term health insurance plans, while they may be looking for a job or during a time where their employer may not offer a health insurance plan, as these options can come with affordable monthly premiums and, since a consumer knows how much their deductible will be, this allows them to plan in case an emergency were to arise.

However, for someone who may frequent the doctor somewhat during the year, these high deductible plans or short-term health insurance may not be helpful as costs that are associated with routine visits, as an example, will not be covered but rather a policyholder will have to meet these costs out-of-pocket. Yet, a high deductible health insurance plan, when used with a health savings account, can be beneficial as consumers will be able to put money away in a savings account, will be guarded against excessive medical expenses in case of emergency, but if a doctor visit is needed where costs must be met out of pocket, money from the savings account can be used.

Yet, there are also concerns about long-term care insurance as some individuals may not be covered under a traditional health insurance plan, even if they choose a more comprehensive individual plan from an insurance provider that will cover a broader spectrum of medical treatments.  Long-term care insurance, according to one article, “…are a benefit that many Americans will use as they age.” Typically, these plans will cover options like nursing care at one’s home or costs associated with residing in an assisted-living facility. Obviously, this particular type of insurance may not be a priority for some workers at the present time, but there have been seniors who, either nearing retirement or having been retired have seen either problems related to their retirement funds arise, which lowered the amount they have for their later years, or medical costs have simply become quite expensive and their current income and financial situation may not offer them the option of paying for these treatments easily.

For this reason, some men and women are looking into long-term care insurance along with personal health insurance plans, as again, these types of coverage may be more necessary as an individual ages or enters into the later years of their life after they have retired. Yet, no matter if a consumer is looking for long-term care insurance coupled with an affordable health insurance plan or if they simply need short-term health insurance while they may be unemployed or working at a facility that does not offer insurance coverage, advisors stress that insurance seekers must research options available to them and, when generic plans may be offered, look at the coverage in these plans as some have had to meet high costs related to health insurance plans that cover a variety of conditions which may not be applicable for an individual policyholder.