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55 percent of Americans wise enough to have health insurance have received it via a plan set up by their employer. A further 25 percent have a government plan such as Medicaid or Medicare to thank. If you have an employer that does not provide you with health insurance, or you are, then you will need to get an individual health plan in order to satisfy your insurance needs. If you have stumbled across an article of this type online, then you are clearly on the lookout for health insurance that you can afford.Being approved for individual coverage is far more difficult than its group insurance counterpart, as every policy will be underwritten separately, meaning that your medical history will be put under the insurance company’s microscope.

Remember, insurance companies are the antithesis of a non-profit organization. They insure you in the hope that what you pay them over the course of your lifetime is more than what they have to give you. With this in mind, it is pretty obvious why they will reject most applicants with previous medical problems. Alternatively, they may insure you with the proviso that they will not be liable for any medical issues you have had before they insured you. They achieve this by placing what is known as a ‘rider’on your policy. Clearly then, it is better to get health insurance while you’re young, and relatively healthy.

As the risk is spread in group policies, insurance companies have no problem allowing people with prior medical problems on board. If a member of a small group gets stricken with a serious illness, then all members will suffer in the form of higher premiums. Therefore, bigger groups are satisfactory to all parties.When you do decide to apply for medical insurance, disclose all medical problems, no matter how small or insignificant they may seem. If you fail to do this, then you are leaving yourself open to a controversial process known as ‘rescission’. This is when an insurance company has reviewed your policy and medical records, (they do this thoroughly) and found that you have not told them about a particular ailment. This gives them the right to cancel your policy, usually at a period in your life when you desperately need it.