Health Insurance Prices

By Andy J. Hughes

What Are Health Insurance Prices Like For Private Coverage?Shakti had been using his standard medical insurance coverage for many years through work. He earned a lot more than many of his co-workers and wanted to find private health coverage that was affordable and comprehensive. He tried one major insurer, but was less than satisfied with the service. Bewildered by health insurance prices in the private sector, he didn't know whether to change providers or stick with the one that he already had.

So, what should Shakti be aware of in regards to health insurance prices for private coverage? Well, he should consider the following factors before changing providers:

• many people are covered by both private and public medical insurance through group coverages through their employers 

• the cost of group coverage is increasing by as much as 78% with many insurers 

• some private medical insurance can be more expensive than employer-sponsored group coverage, but the prices are dropping 

• private medical insurance can be more comprehensive than employer-sponsored group coverage 

• many private medical insurance policy providers are now providing less restrictive options with new incentives for users 

• private medical insurance manages the user's health in addition to treating illnesses 

• private medical insurance also includes preventative care 

• the options of doctors, hospitals and programs available to private health insured persons is expanding unlike ever before

Shakti can find less managed options as the health insurance prices in the private sector are decreasing. With such fierce competition and providers clamouring to give someone like Shakti affordable health plans, many long-established providers are promoting their health insurance online.

In fact, if Shakti looks online now, the number of affordably priced private health insurance plans is rising rapidly and are much easier to qualify for. Best of all, they are not difficult to find and he should take advantage of these changes by getting numerous quotes and comparing the coverage and costs to his existing ones. Before he changes providers though, he should try to negotiate with his current insurer for decreased premiums and better coverage.

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