| |
| Yes.
If you are
unemployed, self-employed, or decide to return to school you may want to
buy an individual health insurance policy. |
| Here are
a number of options that you may consider: |
| |
| ● |
Ask your
insurance company if you can convert its group policy to an individual
policy. You will pay a higher rate than you did before and your benefits
may be limited, but the terms will still probably be better than if you
buy your own policy.
|
| ● |
If you
are married, see if your spouse’s employer will add you to its group
plan.
|
| ● |
Try to
join a group health plan through a trade association or alumni group or
professional association may offer reasonable rates. If you are over age
50, you can join the American Association of Retired Persons (AARP),
which offers an extensive plan. Even some credit card companies offer
health insurance coverage.
|
| ● |
As a last
resort, you can buy an individual policy. The rates will
be high and coverage limited, but it is important that
you be protected against financial catastrophe if you or
your family are hit with a major illness or injury. If
you are self-employed, most of the health insurance
premium will be tax-deductible. |
| |
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