Loss of Group Insurance
A loss of group insurance benefits from an employer’s plan can present a hardship to anyone, whether it’s due to a job loss or because you are no longer eligible, or the employer is cancelling the plan. Often, lost group health insurance leads many employees to shop for private health insurance for the first time, and several have no idea where to start. Here are some recommended steps for those seeking individual health insurance.
1. Get a Quote
First, it’s best to shop for an individual health insurance plan that fits your needs and budget. This involves getting a quote. Usually, the easiest way to get Individual Health Insurance Quotes is online or over the phone, because you can compare different plans and premiums in a short amount of time. It’s not unusual for replacement health insurance to lead to a more affordable plan. So if you’ve lost group health insurance, it definitely helps to shop with your budget in mind.
2. Compare Plans
Getting an individual health insurance quote will often leave a shopper with several replacement health insurance plans to choose from. Sometimes the large variety of plans can feel a bit overwhelming. So, consider the plans that are recommended on the website, or contact a health insurance broker for assistance. There’s no cost and you can get personalized advice for your particular situation. While comparing plans, stay open to possible alternatives, even if the medical plans are not exactly the same as what you had with the company.
The final step to getting replacement health insurance after a loss of group health insurance is to apply. An application can be filled out either online or on paper. Online is the quickest way to get a response back, but both methods of applying are acceptable.
As you may know, the Affordable Care Act was approved; however, the full mandates of the law won’t take effect until 2014. This means that, unfortunately, those with pre-existing conditions can still be declined for private health insurance. Still, we recommend applying because there’s still a chance for approval in some situations and sometimes, a denial for one type of health coverage will make you eligible for other types of health coverage.
Need personalized service?
If you have recently lost group health insurance benefits through your work and need help with finding the right individual health insurance plan, we would love to help! Contact a representative at 1-800-514-0958.