It can be expensive for a person to purchase a cadillac individual health insurance policy that will protect against any financial loss, therefore it is important when reviewing plans that a person is fully understanding what they are compromising on.
Most health insurance experts do not believe it is bad to compromise, in fact in most cases it is financially necessary. However you should be aware of what you are worrying about and how it will be covered under the umbrella of your benefits. The compromise should be finding a affordable health insurance quote that provide a good umbrella for major medical conditions and hospitalization but provides reasonable out of pocket costs on the consumer end to allow the monthly premium to be less. For example, by purchasing a major medical insurance plan that has a $5000 deductible you will typically see a 50% cheaper health insurance rate. Although $5000 seems to be a lot of money to spend if you had a illness occur it is usually saved in your premium within less then 1-2 years. This means if nothing happens in the next two years you will have easily saved the money you would of had to spend in a monthly individual health insurance premium with a zero deductible. Now if you think of your past experiences, you most likely have not had anything happen to you and even more likely is nothing will happen to you in the near future. If you are healthy you are healthy, so take the savings and realize you are still covered for that million dollar claim or medical expense with a relatively small out of pocket if something does happen to you.
One way to be able to take advantage of this is by working with a online health insurance quote system that allows your information to be peer reviewed by health insurance brokers, who will be able to look into all the options for health insurance available in your area. They will determine if any family health insurance discounts are available, they will determine if self employed health insurance rates may apply to you and your situation and they will looking into any discounts that may be able to be applied to the individual health insurance quote.
