Insurances.net
insurances.net » Health Insurance » More people going solo for health coverage
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

More people going solo for health coverage

More people going solo for health coverage

Author: chris walker

High unemployment and cost of group insurance plans have spurred interest in individual health insurance plans.

Health insurance companies say they are seeing an increase in interest in nongroup, individual health insurance plans.

It's a trend that caught enough attention from Cedar Valley Community Healthcare officials to prompt them to develop their own individual plans.More people going solo for health coverage


"It's a rapidly growing market place for insurance," said CVCH co-founder Jim Thomson.

CHCH's business plan is to offer insurance locally to area employers and small businesses. Some small businesses shun group plans, Thomson said.

"A lot of employers of five and below, instead of buying insurance, they're giving their employees money to go out and buy their own."

Adding individual plans will help CVCH meet the needs of such employers or give small employers the option to try that approach.

According to eHealthInsurance, a company that provides insurance shoppers with quotes from different insurers, Iowa ranks as having the lowest premium for nongroup insurance plans. The average monthly premium for nongroup individual insurance plans purchased through eHealthInsurance in Iowa costs $103, according to a survey of plans purchased through the company.

While premiums are an important part of an insurance policy, the critical component is the care it covers, said Rob Schweers, spokesman for Wellmark Blue Cross & Blue Shield.

The average premium for individual plans listed by eHealthInsurance does not necessarily mean a plan will cost that much or less. People opting for individual plans usually find it to be an affordable alternative to a group plan because they are younger and healthier. People eligible for Medicare aren't likely to seek individual policies either, Schweers said.

"You won't have the sickest people in that group," he said.

The lower cost of living in Iowa could also account for the relatively low average, Schweers added.

"It's no different than buying a house in Waterloo versus California," Schweers said.

Younger, healthier people might pay more in a group plan than they would buying their own individual plan, Schweers said.

"You're part of a mix of the people you work with," he said. Someone with existing health problems would likely fare better staying within a group plan, he added. Each situation and needs are different, but people should at least explore their options.

"People don't shop for health insurance like they shop for a car," he said.

Thomson said CVCH plans to launch the individual options this summer.About the Author:

Quoting & Saving just got easier...EasyToInsureME Health Insurance Quotes... Quote all carriers in seconds

California Health Insurance

Nevada Health Insurance
A day's worth of food at a glance Treatment Methods That Can Help Alleviate Your Genital Herpes Symptoms Activities in Daily Living Your Doctor Needs to Know About Morning Sickness Cures 8 Simple Remedies To Alleviate Morning Sickness That Really Works! Korean Abortion Doctors Turn Against Abortion Teaching English In Taiwan - Does Skin Colour Matter Virtual Doctors Visits Doctor Diabetic Supply: Obtaining and Handling Them Read Soul Books: Alleviate Mental Stress & Anxiety Alleviate Back Discomfort With A Massage Here Are Some Pointers To Alleviate Acne Acne During Pregnancy!! Anxiety Disorder of Celebrities and Media Speculation Doctors and the diagnosis of autism
Write post print
www.insurances.net guest:  register | login | search IP(3.239.59.193) Shandong / Pingdu Processed in 0.012747 second(s), 6 queries , Gzip enabled debug code: 40 , 3123, 960,
More people going solo for health coverage Pingdu