You are here: DIME Home > Insurance > Which Should You Choose, Private Or Group Health Coverage?


Which Should You Choose, Private Or Group Health Coverage?

Choosing between group insurance and private decision can be a tough decision. In this article you'll learn the basics of both, so you can make a more informed decision.

Author: George Hutton
Date: Dec 30, 2010 - 9:16:51 PM


Printer FriendlyPrinter friendly page

Most people are aware that there have been, and will be some changes in the health care system in the United States. Many people will have to make choices, and these choices will affect the kind of health care they can receive in the future. If you are faced with choosing between group health insurance and private insurance, then this article is for you. I'll go over the benefits and drawbacks of both, so you'll be able to make an easier decision.

Group insurance is the cheapest of the two. This kind of insurance you usually get through your workplace, and you usually don't need to pass a tough physical to qualify. Because the insurance company enrolls a whole group of people, they won't raise individual rates. If the rates go up, they'll go up for everybody, which means they will go up gradually over time.

One of the big downsides to group insurance is that it can be pretty limiting with regards to both the doctors you can see, and which procedures and treatments you can receive. If you do need some kind of specialized treatment or need to see some specialist, this will have to be approved beforehand, which can be pretty frustrating if you are suffering from a medical condition.

Private insurance is just the opposite. There are generally no restrictions on which doctor you can see, or which procedure you can benefit from. There is general a set payment plan, where the insurance company pays the bulk of the procedure, and you pay the rest. This is useful for self employed people, and those who travel quite a bit.

Naturally, a plan with such flexibility doesn't come cheap. The biggest drawback to private insurance plans is that they are very expensive, sometimes several hundred dollars per month. Another downside is that they can be hard to qualify for if you have existing conditions. One more downside is that they can raise the rates frequently, or even drop coverage altogether if they think you have become too big a risk.

In general, group insurance is perfect if you don't go to the doctor too often, and don't expect any specific issue to come up. It's cheap, and easy to get into. On the other hand, if you are self employed or travel quite a bit, then private insurance may be the best bet for you.



View all articles by George Hutton

Link to this article:

Code to copy: <a href="http://www.dime-co.com/insurance/which-should-you-choose-private-or-group-health-coverage.shtml">Which Should You Choose, Private Or Group Health Coverage?</a>




Related Articles...

Professional Indemnity Insurance – Vital Things You Must Know

Mar 14, 2011 - 9:17:53 AM

Are you looking for professional indemnity insurance? Primarily, it is very important to know what exactly PI insurance is and then move ahead to know it in better way. Every expert would never wish to accused and dumped of doing anything unethical as well as unscrupulous gestures by clients especially when those things aren’t real. Being indicated of doing any unacceptable act will result into a great harm to the individual’s professional career and reputation.... [Read the full story]

Health Insurance Problems Everybody Should Be Aware Of

Dec 30, 2010 - 10:02:37 PM

Many people are aware that the state of health insurance in the United States is undergoing a dramatic change. It's still not clear exactly how deep and long lasting the changes will be, but chances are plenty of people are going to be experiencing some changes in their health insurance coverage. Finding new health insurance can be tough, and some things can make it harder than usual to get insured. In this article you'll learn a few of things, so you can have a better chance.... [Read the full story]

Which Should You Choose, Private Or Group Health Coverage?

Dec 30, 2010 - 9:16:51 PM

Most people are aware that there have been, and will be some changes in the health care system in the United States. Many people will have to make choices, and these choices will affect the kind of health care they can receive in the future. If you are faced with choosing between group health insurance and private insurance, then this article is for you. I'll go over the benefits and drawbacks of both, so you'll be able to make an easier decision.... [Read the full story]

A Few Items You Have To Know Regarding 1 Insurance

Dec 29, 2010 - 6:36:13 PM

I'm an insurance agent in the state of New Mexico and have been for more than fifteen years. I have been asked almost every question possible about insurance protection. One of the most common questions that I am asked is per rental car coverage.... [Read the full story]


Newest Articles in Popular Topics:

Business & Marketing Computers & the Internet Entertainment Health & Fitness
Finding Ways To Save Money And Maximize Revenue In Business
Cooper's Golf Park Tees Off Their New Website
Fiinovation Adjudged CSR Team of the Year & Caring Company at World CSR Day
Reasons Why Kale Realty is the Best Real Estate Firm in All of Chicago
Montreal Tech Startup Kangaroo Rewards Launches Mobile Loyalty Program for Local Merchants
It is time we break out of the SEO Shelter
3 Strong Reasons You Should Start Your Own Blog
Evolve Your Career With CompTIA A+ Certification Exam
High speed VMware Backups - Powered by UltraBlaze() from Vembu
Things to Consider When Selecting a Domain Name for Your Website
Fling Boom "Launches" This Holiday Season
Beautiful Abstract Canvas Art is Up for Grabs
Buying Art as a Gift: Tips From an Expert
Complete Guide to the 2014 Gatlinburg Fine Arts Festival Released by Jackson Mountain Homes
Learn Blues Music Online-Alternative to Traditional Piano Lessons
Causes and Treatment of Acne
What Type Of Constipation Home Remedies Are There?
Manual Wheelchairs: Buying One
Instant Facelift with Dental Implants
Lasik Surgery Leading Correction Of Vision Issues

Home & Family

Shopping

Sports

Travel
Enhance Your Learning Experience Through Best Responsive Elearning Development Tools
Best Apps for Learning German
Esvees is Cranbourne's Elite Hair Dressing Company
Ozone Generator
Practical Tips When Choosing Gates and Gate Openers for Your Home or Business
Why Cases are Required for Mobile Phones?
Are Dealership Services Worth It?
2015 Jeep Grand Cherokee Named Must-Shop SUV for Towing from AutoTrader.com
Online Selling With An Appraisal Advantage
Macsome AudioBook Converter released New Version V2.0.4
Aditi Ashok signs off with a double
Softball Coaching: Avoid Becoming A Nattering Nabob of Negativity
Softball Coaching Tips - The Funnel Approach
Pick Up Specialized Advice on Jumping Exercises Which Are Highly Effective
Vertical Jump Training Tactics to Increase Your Athletic Performance
Tips for Choosing the Right Paris Short Lets
Hostels - the best choice for working womens and college students
Perfect holiday? Book a cruise and sail in Croatia!
Say Aloha to Your Best Vacation Ever with Kohala Coast Properties
The Perfect Guide for a Fantastic Family Trip to Kansas City

 



Follow & Share Your Favorite Video Articles

Tell a Friend About This Site



Chamber of Commerce - on the Web logo



Subscribe to the eMarket SmartsTM Newsletter in order to keep up to date with what's happening with dime-co.com, get the emails on new video articles, featured articles, and more. Your privacy is always protected. We never rent, sell or trade your private information

:
:

Service provided by GetResponse Autoresponders


Recommended Associates


Latest Articles in All Categories


Putting Up a Small Commercial Printing Business
So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now
Meditation and Mindfulness: Dealing With Emotion
CPA Websites: Five Essential Ideas for Composing Convincing Articles
Set Goals In Order to Come Up With Your Action Plan
Is the Air in Your Home Safe to Breathe?
Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod
Section 1031 Exchanges For San Diego Real Estate Investors
Phoenix Real Estate Investing For Highest Possible Earnings
Legendary are the Volk Racing TE37 Wheels
Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study
What are step down transformers?
Introducing Sharehype, the Revolutionary Tool for Online Marketers
Rewards To Shopping For Austin Real Estate On The Web
Hydroponics for Beginners



Do you write?

Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.

Dime-co.com Home
  • Business (9328)
  • Computers & The Internet (5740)
  • Entertainment (1348)
  • Family (958)
  • Finance (1963)
  • Health (4246)
  • Home and Living (6670)
  • Marketing (6113)
  • Shopping & Product Reviews (2624)
  • Sports (694)
  • Travel and Vacations (1689)
  • Video Articles (1)
  • Editors Pick (1)