subject: Kentucky Individual Health Insurance – Evaluate Options [print this page] Kentucky Individual Health Insurance Evaluate Options
The health insurance market offers various kinds of Kentucky health insurance that include individual and family health insurance, group and student insurance, short-term insurance, dental insurance, and more. Kentucky individual health insurance or family health insurance refers to health insurance that covers you and your family. You would need to consider buying an individual health insurance plan if your employer does not offer you coverage in a group plan.
Factors Governing Issue of Kentucky Individual Health Insurance
All Kentucky health insurance is state-regulated. Some of the main factors governing the issue of individual health insurance in Kentucky are:
Kentucky health insurance providers consider factors such as health status, gender, age, and lifestyle when considering an application
Premiums vary depending on the above-mentioned factors. Premiums would be quite high if you have a serious health condition. Also, your premium would go up as you get older
As in other state, in Kentucky too, individual insurance is not guaranteed issue. However, your existing insurance policy cannot be canceled if you get sick, except in the case of fraud or intentional misrepresentation of material fact
In Kentucky, a health insurance company can apply a pre-existing condition exclusion period for a condition like pregnancy for up to 12 months
An insurance company will not refuse you issue, charge more or require you to face a pre-existing exclusion period because of a genetic condition that includes your family history of health conditions
Kentucky private health insurance options available to individuals include HMO, PPO, POS, and HSA plans. Recent health reform legislation has brought many benefits. Children are now allowed to stay on their parents' health plan till age 26, and cannot be denied coverage due to a pre-existing condition.
Buying a Comprehensive Kentucky Health Insurance Plan - Points to Consider
It would be to your advantage to consider the following when buying Kentucky individual health insurance:
Number of members in you family who need coverage
Coverage for children
Whether your primary care physician (if your plan has one) is nearby
Premium, copayments and deductible
Services that the plan pays for
Coverage for prescriptions
The future health needs of your family
Your budget
A licensed health insurance agent would be able to provide valuable advice on choosing the right health insurance plan. The websites of experienced agents offer all the resources necessary to request quotes from various insurance providers, compare them and select the right plan.
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