How to Find Independent Health Insurance

Independent health insurance
Learn how to find the best independent health insurance. Dana Hursey/Radius Images/Getty Images

There are times that you may opt to find independent health insurance. Your job may not provide good insurance coverage, you may be out of work or you may be self-employed. You may feel like you can't afford health insurance. It is important to find good coverage even if you are in this situation. Often independent health insurance is more affordable than your COBRA coverage. You should look several places and shop for the best coverage and price.

It is important to take the time to get several quotes, and to find a policy that will cover your current needs.

When you shop for health insurance, it is important to remember the requirements set up by the Affordable Care Act. There are specific benefits that the policy must offer in order to qualify. You may want to look through your health exchanges offered by your state or verify that the policy will qualify before you purchase it. If you get a health insurance policy that does not meet these requirements, you will still have to pay the fine when you file your taxes.

  1. You can find a lot of health insurance companies online. One of problem is that it may be difficult to find doctors that accept this type of insurance in your area. You may want to check the list of their providers to find out if this insurance will work for you in your area. You can look for plans through your state's health insurance portal site or through the federal website

  1. You may also go to a local insurance agent in your area. There are several different companies that have sales agents all over the country. You may also contact an independent agent who will have a wider variety of plans to choose from. If you use an agent you should be sure that you fully understand the terms associated with the insurance. One of the advantages of using an agent is that he can help you determine if the plan you want meets the qualifications for the Affordable Care Act.. 

  1. Take advantage of any associations that you may belong to. Often alumni organizations or professional organizations offer a discount on different insurance programs. If you belong to a guild or a union you may find that you can purchase insurance through them, as well. It does not take long to research this information and it can save you a lot of money. If you are under the age of twenty-six and single, you may consider staying on your parents plan. You can offer to pay the difference in premium, but this may be a good option while you look for your first job.

  2. You may want to consider a high deductible insurance policy with a health savings account. The premiums are often much more affordable each month. This option is best if you are healthy, but you may find that the savings are worth it, even if you are not in perfect health. This plan does require you to pay for your care out-of-pocket until you reach your deductible, but at a lower negotiated rate that the insurance company has agreed on with your doctor. Once you have reached your deductible, you should have no other out-of-pocket costs. You need to steer clear of the hybrid plans, because they will cost you a lot more money over time.