Learn about Pricing Health Insurance
The most difficult part of individual health insurance policies to understand is how it is priced and that’s why it’s necessary to shop around before you buy. The premiums for similar products from different insurers can vary by as much as 50 percent for the same person. What's more, the rules and regulations about individual health insurance vary from state to state, making comparison-shopping difficult.
The first step is to define your needs and understand what health insurance options are available to you. Don't let the confusion turn you off. You could fall off a ladder or have a car accident and without health insurance you would be financially ruined. You will also lose your pre-existing-conditions coverage in most states if you go without insurance for more than 63 days.
No matter how difficult and confusing you find the whole subject of health insurance, remember that it's a necessity. The first step is to evaluate your needs and understand your health insurance options. For some, that may mean buying COBRA coverage from your former employer. COBRA is best seen as a safety net. You have 60 days to make a decision about whether to enroll in COBRA, and when you do, the coverage is retroactive.