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Individual Health Insurance

Does your health insurance cover you, or one of your insured family members, if they were to get a catastrophic illness or major injuries? Such an illness can have many lingering affects upon you and your family for many years to come. Physical, emotional and financial costs can be devastating. It is hard to live with a medical issue that may go on for years. There can be home renovations, having private nursing in your home, child care and other costs that can accumulate beyond what your health insurance will cover.

Sometimes, the person affected by the illness or injuries do not have the funds to pay for individual medical insurance plans and all the expenses and the emotional stress knowing this, can be overwhelming. Being able to get the proper care, can cause additional stress, not only trying to pay for it. Hopefully, you have paid your monthly premium on time, and it will probably be a lot less that the medical expenses you will have due to your injuries.

When you are first employed, your employer may offer individual medical insurance plans and this is good for you. Sign up for individual medical insurance plans. You may have to contribute a certain amount each week out of your paycheck. Usually this is the way it is. Knowing you have health coverage is a great benefit to you and your family. Years ago, employers of large companies paid the entire premiums for their employees. The costs of these benefits have soared to expensive heights and companies have found they could no longer provide the entire amount of health insurance for their employees and have a profitable company as the years go by. Now they have their employees contribute to the plan. Sometimes the plans they choose, may not cover all the medical issues a family may need, but for the employer, the health plan may be cheaper for them to obtain. There are also some savings plans that are set up for you to contribute to and used specifically for any medical issues that may happen to you or your family. Some employers help contribute to these plans as well.

Having health insurance is an important factor to have during our lifetimes. When we retire we are able to get Medicare, which we have contributed to through our weekly paycheck. We are eligible to get Medicare at the age of 65. Medicare Part A will help with the costs of physician fees and Medicare Part B will help cover the hospital costs.