How to Get the Coverage You Need

How to Get the Coverage You Need

There's no denying that living without health insurance can be stressful. In many cases, though, it isn't even needed. There are plenty of viable options for someone who's uninsured. If you're out of work or your job doesn't give you benefits, don't throw in the towel just yet. You may still be able to find affordable coverage through a group insurance policy.

Group health plan
As the name implies, a group health plan is a policy that covers a specific group of people. Employer-provided insurance is the most common type, but other groups offer coverage as well. Some examples include:

  • University alumni associations
  • Fraternal and social orders
  • Trade unions
  • Professional organizations
  • Local chambers of commerce

Not every organization offers group coverage, though. Even so, it never hurts to ask. After all, group health plans generally come with certain advantages over individual plans.

  • Premiums are usually lower than most individual policies.
  • The group must offer coverage to all of its members.
  • You can't be turned away for health reasons.

Of course, you have to join the group before you can get the coverage. That means you have to qualify for membership. If you graduated from a large university, contact the alumni office and see if it offers a policy. If you practice a specific trade, go online and see if any professional associations sell coverage. Check with your church or religious organization to find out if there are any possibilities there.

Limited liability corporation
If those options don't work, then consider starting a limited liability corporation (LLC). That will allow you to join your local chamber of commerce and get coverage that way. The business can even be something simple, such as a house-sitting or dog-walking service. Filing the required paperwork is easy in most states. Someone at your local chamber should be able to walk you through it.

Be aware, though, that group coverage comes with certain drawbacks:

  • Smaller groups charge higher premiums.
  • You have to pay group membership fees as well.
  • You may have to take a physical beforehand.
  • Certain pre-existing conditions may be excluded.
  • You usually can't drop the policy when you get a new job.

Association plans
If at all possible, try to avoid joining a so-called association plan. This is a group that forms for no other reason than to offer its members insurance. You can find plenty of them online, but don't bother. It's a good idea in theory, but these associations often come with trouble:

  • Low enrollment causes them to fold, taking your money with them.
  • They sometimes run into legal problems.
  • Many are unlicensed.
  • Some are just phony scams.

Try to find a legitimate group instead, one that exists for some other purpose than simply selling you insurance.

Of course, coverage and costs vary from group to group. If the organization is small, you'll pay higher premiums and possibly get fewer benefits. For that reason, try to find the largest group you can. Shop around. Ask questions. Talk to a few members and see if they're happy. If most are, you probably will be too.

The most important thing to remember, though, is that finding a good policy isn't always easy. You may have to stick with it for a while. But don't give up. You need to find the best cheap super p force coverage possible, so don't stop looking until you have it.