Health Insurance and the Tough Economy
According to the article “Going It Alone When Buying a Health Policy” by Anna Wilde Mathews on the WSJ, the current state of the economy is forcing more people to buy their own health insurance and shop around for health insurance quotes.
More and more Americans will need to dig into health insurance details and there are going to be a lot of uninformed buyers out there. The amount of people purchasing their own health insurance policies has increased to about 18.4 million in 2008 from 17.9 million in 2007. Experts expect additional growth in 2009 to 19.6 million and by 2010 it’s projected to reach 20 million. This is according to the study by McKinsey & Co. The growth is probably because of employers cutting benefits and unemployment increasing.
This article stresses the importance of educating yourself on your health care options and ensuring that you are getting what you are paying for. Fully review the full plan explanation, also known as the certificate of coverage or the evidence of coverage.
