Response to an article by Consumer Reports on

Response to an article by Consumer Reports on - Individual Health Insurance

In an article by Consumer Reports, the authors state that there are seven signs of an individual health insurance plan could be "junk." We thought that we address some of their demands and provide an alternative look at what they said

• claim :. never buy a plan with limited benefits or a map labeled "no major medical."
  first, do not buy any business plan that is not healthy reputation. If an unknown labels insurance plan "not major medical" then it probably is not a society that is treated.

  When there is a warning against "limited benefit" it may actually be misleading . Those looking to reduce their monthly premiums and want to "cut the fat" from their health plan (ie do not want to pay for the benefits that they will not use), a plan with limited benefits could be a viable option.

  for example, a single male would not pay for maternity care for its individual health insurance plan, but even male would pay for maternity care under a plan sponsored by the employer. This is because everyone pays benefits and shares a pool with the coverage of the employer.

• the :. claim coverage limits must not be less than $ 100,000
  This statement is to the right of misleading bat. That suggests almost every plan you are looking for will be thin on the overall limits of coverage (in terms of insurance, this is called the lifetime maximum coverage). This is not the case.

  Consumer Reports is right when they say your life limit should not be less than $ 100,000 - but the maximum lifespan for most plans reputable insurers will come around $ 1 to $ 2 million. And by the way, maximum service life million will not be super-size your premiums

• Claim: .. Lower premiums mean insurers trimming benefits
  again, the article is misleading. Your health insurance costs are all about balance and risk sharing. If you have more generous benefits minus costs off-pocket, and lower deductibles, you'll have higher monthly bills for your coverage. lower premiums might mean fewer benefits, but that does not mean a "junk" regime by all means.

  The key here is to balance what you can afford for your monthly bill with what the costs of care you can cover you (pay $ 50 for a doctor's visit instead of 20 $ and you can find lower premiums).

The real thing to remember is health insurance is not like buying an ice cream cone. It is a complicated product with many details. If you're not sure what you should buy or you are afraid that you will miss some of the fine print, speak with your insurance agent for advice.

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