Important Information Regarding Individual Health Insurance Bridgeport

Most residents who purchase individual health insurance Bridgeport, Connecticut do so because their employers don’t offer health coverage, they’re self-employed or they’re not eligible for a government-sponsored plan such as Medicaid or Medicare.

While it may sound easy, purchasing individual coverage actually a bit harder to qualify for compared to an employer-based group plan. This is because the policy will be individually underwritten and your entire medical history will be reviewed.

Private health insurance companies are in business to make a profit. This means they’re hoping that you pay more to them in the way of premiums than they’ll have to pay out to you for medical coverage. It’s a simple premise, but it can also be a gamble. This is why the insurers want to know how healthy you are and what your medical history is. If you have a long history of medical problems the company may turn you down or place a rider in the plan stating they won’t pay for coverage concerning you specific pre-existing.

What all this boils down to is that the best time to buy individual health insurance Bridgeport is when you’re young and healthy and haven’t suffered any major health issues. If you’re hoping to get coverage via a group plan you don’t have to worry about is since you can’t be refused insurance due to a pre-existing condition.

It may be tempting to be a little less than honest when applying for an individual plan, but honesty is the best policy because if an insurer finds out you’ve hidden any previous conditions they have the right to cancel your health insurance. And without coverage you could find yourself in deep financial trouble if anything should ever happen to you or your family.

In fact, it’s estimated that over 60 percent of American bankruptcies are due to unexpected medical bills. In addition, not having insurance could also be a life-and-death situation since you may not seek medical care or you may wait until it’s too late.

If for some reason you can’t get individual health insurance Bridgeport you can turn to the high risk pool which is designed to assist those who have been turned down by private insurance companies. These risk pool policies vary quite a bit from state to state so it’s a good idea to check with an agent at Secure Future Services to let you know what your health insurance options are.

The agent will also be able to compare quotes from Connecticut’s leading insurance agencies for you to help you find the plan that matches your needs and budget. If you’d like to do some searching on your own your welcome to visit www.easyhealthins.com for free, no-obligation quotes.