Individual Health Insurance Coverage

As you search for and compare individual health care plans, consider guaranteed renewal. With guaranteed renewal, you have the right to renew your policy each year. You have the right to renew your policy, regardless of any illnesses, accidents, or injuries you've had during the year. Guaranteed renewal is not available with every policy on the market. In fact, some individual health insurance companies refuse to renew coverage if a policyholder was seriously ill or injured during the previous year.

Many individual health insurance policies exclude guaranteed renewal. This is particularly true of short-term policies. Many offer only a limited amount of coverage for a short period of time, such as a duration of four to six months. Such policies are intended for people going through transitions, like leaving college and beginning a career. If a holder of this type of policy falls ill, there is a good chance his coverage won't be renewed. His illness may even be labeled a preexisting condition, making it harder to get traditional coverage.

Rising Costs of Individual Health Insurance Coverage
If you're able to obtain a policy with guaranteed renewable coverage, don't expect to be free from rate increases. Your costs could rise every year, without regard to your renewal rights. Be sure to ask your insurance company for details about its rate increases.

Find the right individual health insurance coverage for your unique needs. Obtain rate quotes from top insurance agents through Efinancial Health Insurance Services. Trust Efinancial to match you with well-known, reliable health insurance companies.