Why You Need Individual Private Health Insurance

​Health is wealth, as they say. This adage may be overused, but this is the reality of all ages and statuses. This fact is the same reason why many encourage individuals to purchase their insurance, whether it may be government-grant or private. However, buying one from a private company has perks that the former does not have. That said, here are the primary reasons why you need individual private insurance today:

What Is Private Insurance?
This type of insurance is not a federal or state government grant. In the same way, private insurance is not the type that is provided by an employer. It is bought directly from a company to cover an individual’s health security. 

When Is the Time to Get One?
We suggest that you purchase your private insurance if you are:

• Twenty-six years old or above, as you can no longer be under the health insurance policy of your parents according to the Affordable Care Act or ACA. 
• Recently lost a job, as you can continue your employer’s insurance program after paying the full cost. 
• A part-time employee, as this mode of job, rarely provides health benefits. 
• Working as self-employed, as you may or may not still be covered by your spouse’s insurance plan.
• You are retired from work since the employer-grant health insurance coverage no longer covers you. This event is also applicable if you are still under 65 and not disabled as you are not yet eligible to apply for Medicare.
• And the list goes on.

Why Do You Need Individual Private Health Insurance
If you qualify in any of the situations mentioned above, then you should purchase private health insurance coverage today! Here are the following reasons why:

• If uninsured, even a broken leg can ruin your financial savings. This kind of accident is something that you can never predict. Hence, it is always better to be prepared.
• It is wrong to say that you cannot afford insurance. Health insurance programs come at varying prices and top-ups. Meaning, you can always modify your policy that best fits into your budget and needs.
• Last on this list, since you are paying higher than usual, you are not limited to a single health service provider. You have a more comprehensive range of options on the type and provider of services.

If you think of long-term security, you would not have second thoughts on purchasing an insurance policy. It does not only give you peace of mind of being secured with your health but also saves you from ruining your financial savings.

At Howe Insurance Brokerage, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (435) 674-8771.