Health Reform Process Brings “Wait and See Approach”
The current Health reform debate and process has caused some confusion and indecision for many people making decisions about their Health Insurance. Our advisors at HealthCompare are fielding a high percentage of calls at the moment from customers who are, understandably, cautious and confused.
A common question is “Do I buy Health Insurance now, or do I wait to see what the outcome of the Health Care Reform process will be?”
There are a few points to consider here from a customers point of view. Of course it is natural for people to want to keep their expenses as low as possible. This often starts with looking at our immediate daily and monthly bills. Finding that you have just signed up for a year-long health insurance policy, only to have the rules change can be frustrating. However, it is important to think through the wider issues.
We do need to take a step back and take a realistic and unemotional look at the situation.
- Any changes to the Health Insurance industry that may come out of the Health Reform process will not happen over night. They may take several years to fully implement. Current policies are unlikely to change in the short to medium term due to Health Reform legislation. Waiting for any changes that may happen to take place, before taking out health insurance could leave you unprotected and vulnerable for a long period of time.
- As with any situation of change, be it family circumstances, changing policy, or changes in employment, it is not wise to let any existing coverage lapse. It is very disheartening for any broker to take calls where someone has elected to let their policy lapse and there is little the broker can do to help. It is considered a best practice to remain on your current policy until your new policy is live.
There are many ways in which you can tailor your health insurance policy to your needs and budget. Our advisors are skilled at finding out your exact needs. If you are still unsure whether to wait for the outcome of the Health Reform process, or to remain covered, give our advisors a call. They can talk you through your options and provide you with several options ranging from low cost through to highly tailored plans.
This post was contributed by HealthCompare.com, a Word & Brown company, based in Orange, CA. Through HealthCompare.com, individuals and families can receive free health insurance quotes as well as research, compare and purchase health insurance and ancillary products from the nation’s premier insurance carriers. HealthCompare works with 150 insurance carriers with 14,000 plans and currently offers health insurance quotes and services to 38 states and adding new states each month, throughout the country. You can find them on Twitter and Facebook.
