North Carolina Health Insurance - The Advantages of an Individual Health Insurance Policy

North Carolina health insurance costs continue to rise each year. And more and more employers are shifting part of the burden for costs on to their employees. During the benefit selection period each year, many get a surprise at the rise in cost for family health coverage. They look at the costs for an individual and then see the sharp difference when contrasted with a family policy. Many times family coverage is three to four times higher than an individual policy. There is actually a reason for that. Many employers do not subsidize the extra amount it costs to cover the spouse and family of an employee.

 

Many companies see the value in helping their employees get health care coverage. That is why they will help pay part of the costs for the employee. However, that doesn’t extend to their employee’s family. They expect their employees to cover their families completely out of their pocket. That is why there is such a difference between individual and family costs in many employer plans. However, there is a solution to this. More and more people are turning to private North Carolina health insurance to cover themselves as well as their families. Many find it saves them money every month.

 

There are other advantages to carrying private North Carolina health insurance. With a private policy, once you are in, the insurance company will renew the policy guaranteed. That is not always the case with employer policies. Due to the rising costs of group coverage, many companies are completely eliminating their health benefits for the employees. While this may save the company thousands of dollars, it is costing their employees even more. If you have a preexisting condition such as cancer, diabetes, had a recent stroke, etc., without group coverage (which is guaranteed issue) you could find that you do not qualify for individual coverage. Although you may have options, they will be expensive. If you had chosen individual coverage over group coverage from the beginning this would not be an issue.

 

Many people want to take a chance and start their own business. However, one concern is health care coverage. Finding private health insurance is not that hard. In fact, if there is time between leaving the job and beginning the business, it is a good idea to get on board with a private health insurance company. You can get the policy in place and pay it ahead before taking the plunge with your new business. It will give you peace of mind before jumping into your new life. Private North Carolina health insurance is a good option for many people under different circumstances.