Most employers do offer health insurance as a part of their employee benefits program – this way they can stand out from the competition and improve the overall image of their business as well as the loyalty of their staff. But if for some reason that is not the case with you and your employee, then it might be reasonable to purchase your health insurance cover from a private health insurance company.
Private healthcare insurance is recommended to unemployed, self-employed/working part-time, those starting a business with employees, those just turned 26 (under current law, children can be kept under the parent’s health insurance policy until they turn 26), or those 65 years of age or older who want to buy Medicare Advantage or Medigap.
It depends on the type of the plan: HMO, PPO, EPO, HDHP, CHDP, POS, Catastrophic Coverage, etc. Before you choose a specific plan, make sure that you are able to pay the deductible provided by the plan.
Surprisingly enough, private healthcare insurance is cheaper than employer-sponsored insurance by 25% on average. However, you will have to pay for your private healthcare insurance plan from your pocket, whereas employer-sponsored insurance is partially or fully paid by your employee.
Using the current insurance coverage to the best advantage is what any individual anticipates. But what if it was possible to double the value? Today, working people with no active health insurance are rarely encountered. It explains why employer-provided coverage is one of the notorious insurance types nationwide. For instance, 55.4% of policyholders had this […]
As an aftershock of the COVID-19 pandemic, people have become more aware and conscious of their health and well-being. As a result of stress on government budgets and funding, we also see a bit of funding stress on a public health system in Australia. Widely selective surgical whitelists are blowing up, making the private healthcare […]
Half the people go with private health insurance plans – also known as employer-based plans, or job-based health insurance plans – whereas the rest are covered either by Medicare or Medicaid.
While rising healthcare costs tend to be the primary reason for anyone to consider health insurance, it is not the only one. Today, medical emergencies are not uncommon, and aging is no longer the only deteriorative force at play. That is why possible financial implications require immediate actions, like identifying personal healthcare needs and looking […]
Dental insurance coverage may vary slightly depending on the area. But there are usually two main types: PPO and HMO plans.
Health insurance is a product geared towards bearing the expenses of the applicant’s surgical, clinical, medication plan, and rarely dental treatment. It ensures that applicants are financially secure should they suffer from an illness or injury. This form of insurance has numerous plan categories and packages, and companies often offer it as a part of […]
Health insurance for immigrants is crucial for your finances and health when traveling to the United States. Learn how to choose health insurance for immigrants.
The ever-increasing number of people are pushed into quarantine as the notorious pandemic strikes with just as much force as in December 2020. With about 1,200 new cases a week – as the number keeps rising – applications for Temporary Disability Insurance are piling up as well. According to the director of the R.I. Department […]
With over 92% of Americans possessing a health insurance plan from public or private insurance companies, the question of subsidies has always been burning if not painful. In 2021, though, substantial changes were made to allow more Americans to subsidize their ACA health insurance plans. The recent changes made more Americans eligible for subsidies. The […]
Being one of the most burning topics among Americans, health insurance is prioritized by the vast majority of people, 92% of whom are covered by either public – Medicare or Medicaid – or private insurance companies. The current year, though, has witnessed a surge in the number of people buying insurance through the Affordable Care […]
