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Health Insurance Quotes — Affordable Quotes from Humana and AARP for Individuals and Groups

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Dissecting Individual Health Insurance Quotes

When you look at individual health insurance quotes for the first time, it is almost impossible to make sense of them, much less compare them. There are a lot of terms that you don’t encounter everyday including legal jargons that only lawyers would be interested in. Here are a few terms that are important in understanding individual health insurance quotes.

1. Premium

The premium is the monthly fee that you pay to the provider in exchange for the coverage. The price that you have to pay can vary depending on your health condition, the number of persons that are covered and the type of coverage that you pick. The premium can also fluctuate in relation to other payments like coinsurance and deductibles.

2. Deductible

Deductible refers to the money that you have to pay your insurance company before they will start payment. This payment is on top of the monthly premium. Every year, the deductible goes back to zero and must be paid again. In most cases, medical expenses like regular visit to your physician, lab fees and prescription are charged to the deductible but this can vary among insurance companies. The expenses that can be charged will be explicitly laid down in the policy. If you select a policy with a higher deductible, this would usually mean lower monthly premium while lower deductible also means higher monthly premium.

3. Coinsurance

There are medical expenses that you have to split with your insurance company. For example, if your company pays 75% you will have to pay for the remaining 25%. This part that you pay for is the so called “coinsurance”. As with deductibles, if you choose a policy with higher coinsurance, you will have to pay lower premiums and if you choose to pay lower coinsurance, you will have to pay higher premiums.

4. Benefits

Benefit is the part that every insured loves to hear. It sounds like the American Anthem because this is the net of all the payments that the insurance company will give you in case something catastrophic happens in your long life. There may be lifetime cap, a family cap or a yearly cap which refers to the amount that when exceeded, the company will already stop paying. There are companies that will not give a cap, depending of course on the type of personal policy.

Knowing these terms will greatly help you in understanding individual health insurance quotes. In the case of farm or life insurance like the ones offered by Allstate Life Insurance, things can be a bit different. Self insurance like the ones offered by corporations to their employees are also different. There are some independent insurance agencies like Southern Insurance Agency that are willing to fill you with the necessary information regarding insurance quotes, so a conversation with them would also help a lot. If you are interested with children’s coverage, there are companies like Bluegrass Family Health and Aetna Insurance that offer this type of thing. After all, the health of a child is equally important with that of an adult. Some companies have limited policies for small children as kids easily get sick compared to adults but things can vary a lot.

Health Insurance Quotes for A Variety of Policies

When you shop for different insurance policies, you would soon notice that you have before you a daunting task. Most insurance policies are free-for-service plans wherein, you pay a monthly fee and the provider in exchange, they pay for all your medical expenses. In most cases, you will have to pay for expenses on top of the premium before your provider will begin payment.

There are two main types of health insurance: HMO (Health Maintenance Organization) and PPO (Preferred Provider Organization). Although both will pay for your medical fees after the deductible has been met, there are some differences between the two. With HMO like Cigna, you would usually lower out-of-pocket expenses and that includes hospital stays and preventative care like annual physical exam. If you choose an HMO, you would usually pay lower medical cost and it is generally predictable compared to other plans. You can also choose your own health care provider from a list or qualified ones. This can mean falling in line if the one you chose happens to be loaded with patients at the moment. In most cases, your doctor will have to write a referral so that you can see a specialist or peruse services that are not covered.

In the case of PPO like Vision Benefits of America, Freedom Healthnet Insurance and Kaiser Permanente California, you can choose the health care provider that you want but they will give you a larger discount if you pick the one they recommend. This provider is usually coming from the network of providers that they belong to. After the deductibles are met, your preferred provider is usually covered by your insurance policy and that is why, out-of-pocket expenses are usually low. Co-payments for each visit are usually required but are also low. If you choose your own health care professional, you may or may not be covered depending on the insurance carrier.

Getting Legitimate Online Health Insurance Quotes

Although the Internet has become more and more important each day, a lot of the problems that you find in real world businesses are also being transported into the virtual world. A lot of people searching for instant and full insurance quotes online are concerned whether or not these are legitimate. You have a good reason to be wary and this is a smart concern, after all, there are a lot of fly-by-nights who are just out there to get immediate money. To help you with this predicament and avoid having the deal go south, there are a few guidelines that you have to observe:

1. Keep in mind that you are not shopping for insurance policy to get the cheapest but also to get the plan that best suits your health coverage needs.

2. Keep in mind the old adage that if something is too good to be true, then it must not be true. If an insurance company will give you a quote that is too low, try to check the reputation of the company. Try to check with the Federal Trade Commission and the Better Business Bureau if there are complaints filed against the company in question. If you can find sites that will give you ratings of Insurance companies, these are also good to bookmark.

3. You also have to remember that if you have some pre-existing conditions, the quote that you get online will definitely change. There are times that this will even disqualify you for the plan. The irony is, those who can’t enjoy the insurance are those who need it the most.

4. It is a good idea to call the company directly and verify the numbers that they posted online. This will give you the opportunity to ask all the questions that you may have, including difficult insurance terms and receive answers from a customer service representative.

If you are looking for a benchmark on how much you need to spend on average, looking for health insurance quotes online is not a bad idea. Just remember to verify the information that you get.

Health Insurance Quotes California–Health Insurance Risk Pool

As early as 2010, the State of California already started offering health insurance quotes with federally sponsored insurance risk pool program. So what is a health insurance risk pool? This is basically a state-sponsored program to help those who can afford to buy a coverage but cannot be underwritten because they have pre-existing health conditions, or who can only obtain private coverage that is limited or with exorbitant rates.  The program can vary from state to state and from one insurance company to another. In most cases, people under the pool can be employed from one job to another without changing their insurance coverage. It can also serve as a short term solution to insurance problems and can include maternity and dental coverage.

According to the report by United Health Foundation submitted back in 2007, 15.9 percent of Americans do not have insurance coverage. The purpose of the pool is to reduce that percentage further by providing coverage to those who can afford but are denied coverage due to pre-existing health condition.

Free Health Insurance Quotes For Seniors

You will find yourself in a bit of a challenge when you are looking for health insurance for senior citizens. Compared to the younger people, seniors would usually have pre-existing illnesses that would easily disqualify them for a policy. If they already have Medicare, which does not cover all medical costs, they would be looking for supplemental coverage like those offered by Aflac and Braden Insurance Agency in Louisville, KY, instead of a main coverage.

Since Medicare is a bit limited, out-of-pocket expenses can easily build up which can be overwhelming when you are on your fixed retirement income. To supplement your existing Medicare, you can always ask for free health insurance quotes designed specifically for seniors. This will reflect the kind of plan that you chose, coinsurance, deductibles and benefit limitations which will surely surface due to the fact that you are advanced in age.

On top of the standard free health insurance quotes available for seniors, you can also find health care assistance through senior advocacy groups, veterans’ associations and nonprofit organizations. These senior citizen groups have aligned together to get a better health insurance quotes through groups rates. You would do well to join this kind of groups. Free health insurance quotes for seniors can be tricky to find. Try to compare different private health insurance quotes (Blue Cross vs. Shield Total Insurance, for example) first before signing in.

AARP Health Insurance Quotes–Best Resource for Seniors

AARP is basically an NGO and interest group that operates as a non-profit lobbying group advocating its members. It also sells insurance policies and other financial products. It has over 35 million members all over the US and they expect their membership to grow.

For members over 50-64 years of age, they offer a comprehensive and supplemental coverage. For members that are over 65, they have plans that are designed for Medicare eligible persons.

For over 50 years now, AARP has helped seniors and those approaching their senior years get the specialized resources for the care that they need and one of these is their quality health insurance quotes.

Humana Health Insurance Quote for Seniors in Selected States

Humana Foundation was founded in 1981 and has been offering since then support for senior groups. Together with YMCAs and other health clubs, Humana offers exercise programs for seniors so that they can live healthier lives and on top of that, they also offer cheap health insurance coverages.

Although it is a nationwide group, they don’t offer their services to states like California, New York and New Mexico so if you are from this area, you will have to look for a different provider. If you are from NJ, PA,TN, Wisconsin, Utah, Virginia, Texas, Oregon, Ohio, Louisiana, Nevada, Maryland, Michigan, Missouri, Minnesota (MN), Indiana, Kansas, Kentucky, Florida, Georgia, Arizona, Colorado, North Carolina(NC) and Illinois, you can definitely enjoy coverage from Humana.

With Humana, you can have greater flexibility with your coverage. For example, you can customize your insurance based on your preference without fear of being penalized, choose the healthcare facility and doctor that will suit you the most and there are also a lot of physicians associated with Humana. They also offer full student coverage. Students who want to avail of this type of coverage need to qualify with certain Humana requirements that they publish in their website.

Affordable health insurance quotes from HUMANA and AARP for individuals and especially for seniors can be the best deal that you can find.

With the many health insurance providers offering various services to ensure that your health is taken care of, purchasing a policy can be overwhelming. Thanks to the internet, you can now shop around and compare health insurance quotes and terms at the convenience of your home. Just make sure that the provider you choose is a legit one.

The post Health Insurance Quotes — Affordable Quotes from Humana and AARP for Individuals and Groups appeared first on Affordable Health Insurance - Get the best rates on Private Health Insurance.


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