During these difficult financial times, it is really important that you prepare for possible medical problems by purchasing an individual health insurance Georgia policy. Although it is often the first instinct to cut back on bills, it is imperative that you and your family have medical coverage in case of an unexpected illness or injury. The best way of doing that is to purchase an individual health insurance Georgia policy.
Many people think an individual health insurance Georgia policy means that it will only cover one individual. However, the truth is that an individual health insurance Georgia policy can be purchased for an entire family. It is called an individual health insurance Georgia policy, to differentiate between an individual plan, and a group health insurance Georgia plan. Group plans are what you get through your place of employment, for example. An individual health insurance Georgia plan is something you purchase on your own, through one of the national health insurance carriers.
Individual health insurance Georgia plans are cheaper than a policy you get through a group health plan through your place of employment. The reason for this is that insurance companies are not allowed, by the federal government, to deny coverage to any qualified employee. Therefore, they have to accept members with high health risks. This increase in risk is passed on to the group’s members, by increasing their premiums. For individual health insurance Georgia plans, the insurance company will not approve those with high health risks. So if you are a fairly healthy individual, you will not have to subsidize the costs of higher health risks members, because they will not be allowed to purchase an individual health insurance Georgia policy. This is excellent news, if you are a healthy individual with healthy family members.
Of course, if you are one of those individuals with high health risks, then this is bad news for you. It may be difficult for you to find an affordable individual health insurance Georgia policy. The higher your health risks, the higher the premium. If you have too many health problems, then you may be denied coverage. You will then have to find an alternative to an individual health insurance Georgia policy. That could be joining a group health plan through your place of employment, or other large group organization. Like stated before, group health plans are required to approve all qualified employees or members, regardless of their health conditions. If you are unable to secure health insurance through your place of employment, and cannot get approved for an individual health insurance Georgia policy, then you may need to investigate risk pools through your state, or possibly one of the ones being established by the federal government. The majority of states have risk pools for those residents who cannot get health insurance any other way.
Different states may also have alternative individual health insurance Georgia plans through government aid. In Georgia, these include Medicaid plans for children, such as Amerigroup, Wellcare, and PeachState for Kids. There may also be plans for seniors or others with financial needs.
Consider all possible options to see whether an individual health insurance Georgia policy is a good idea for you and your family.