If you want to get individual medical insurance coverage, but your employer does not provide it; then you have to look into the private insurance market to get it. Some important tips are discussed below:
- While you want to get individual medical insurance coverage and want to buy it, you need to shop watchfully; since the cost and the coverage vary by companies. While, purchasing insurance, don't forget to ask questions such as:
To get individual medical insurance coverage, you need to talk to a local insurance broker, who can help you getting the perfect insurance policy at the perfect rate.
While trying to get individual medical insurance coverage, be alert about the health policies that do not provide coverage, but provide rebates on the cost of medical treatments. Such policies are however not a good option.
Make sure that the insurance provider you want to buy your insurance from is licensed in the state of Alaska. Also, make sure that there is no complaint against it. You can contact at the office of Alaska Division of Insurance for more information.
Make sure that you know the rights properly; since you may be in problems while purchasing insurance unless you know the rights. Learn about the protections and rights under the state as well as federal regulations. You can visit www.healthinsuranceinfo.net for this information. Here, you will find guide for every individual state.
- Covered Treatments - What medical treatments get covered?
- Deductibles - How much should you pay prior to your medical insurance start paying for the treatments?
- Co-pay - After you reach the highest level of deductible, how much should you pay for getting your treatments covered and how much will your insurance provider pay?
- Pre-Existing Medical Conditions - Will the plan cover your pre-existing health conditions? If not right now, then when will it start providing coverage for the medical condition?
- Provider's Network - Do the medical professionals you want to visit belong to your provider's network? If it is not, then will you need to pay any additional cost to visit an out-of-network provider? You must ask your physician whether he will accept insurance for your treatment.
The Rights and Protections under the Federal Regulation
While intended to get individual medical insurance coverage, HIPAA may assist you. HIPAA or Health Insurance Portability and Accountability Act is a federal rule by means of which you can purchase coverage. It can also help you to disallow insurers from denying you to provide coverage for any pre-existing health condition.
The criteria to be eligible for such protections:
- You must have minimum one and half year of group insurance coverage (preferably through your employer)
- You should have utilized any of the COBRA rights
- You must not have any discontinuation in coverage for more than 63 days
If you are eligible for HIPAA, then in Alaska, you have the right to get individual medical insurance coverage by means of Alaska's high risk insurance pool, Alaska Comprehensive Insurance Association.
The Rights and Protections under the Alaska State Regulation
Alaska has regulations that monitor and manage whether the insurer should offer you an insurance plan; what diseases should be covered; how much the premiums may cost in maximum. These regulations are so complicated, so it would be better if you contact the office of Alaska Division of Insurance.