Why is purchasing a Private Health Insurance Policy important?

It is agreeable when one is covered with employer’s group health plan which is more affordable than individual healthcare policy, one feels a bit disinterested. But that does not mean the one should not think about investing in one!
In today’s day and age, the economy is very unstable. God forbid if you were to loose your job for some reason or even if you are between jobs for a better position; you will not be covered medically. What if something unfortunate were to happen then? What would be the state of your family? You have worked hard to provide for each and every need of theirs. Don’t you think all your efforts will diminish without proper planning for contingencies? So you have the need to invest in a health insurance plan that would not only cover you but cover your entire family as well.
Following are few basic points to bear in mind when you go for a Health Insurance plan;
• You would need to figure out which Insurer fulfills most of your needs in terms of affordability, peculiarity of coverage etc.
• Do research

Consumers can't find a policy that suites them unless they understand what they need. If you see the doctor frequently, a plan that limits those visits to four times a year would not be wise. But that could be an option someone in his 20s who rarely gets sick.
Likewise, a plan that doesn't cover pregnancy wouldn't be smart for people who want to start families. Some options only cover generic drugs, and that means big medical bills for someone who depends on a brand-name prescription medication.
Before searching for insurance, think about whether you can be added as a dependent to the existing coverage of a spouse or parent.
Premiums - the price of an insurance policy varies depending on variables such as age, health, where you live and how you want your coverage set up. One place to start sorting options is the website www.bimadeals.com.The customer care service helps consumers to understand plan design, helping them find coverage options based on their states and other factors that could affect their rates. They can help customers quickly sort through their options, and they can be especially useful for people who have pre-existing conditions. For people with diabetes or recovering from cancer, finding individual coverage can be difficult or impossible depending on the state in which they live.
Some people also can be turned down because they take high-blood pressure or cholesterol medicine or they recently had hip surgery. But we know which insurers will reject certain conditions, which can save some grief.
Understand: the premium, deductible, co-payment, coinsurance and the maximum amount the policyholder can expect to pay out of pocket each year.
• The deductible is the annual amount a patient pays for care before coverage starts. High-deductible plans come with lower premiums.
• Coinsurance is the percentage a patient pays for medical care generally after a deductible is met. These percentages mean you still could wind up with a big bill for a surgery even if you have good coverage and you've met your deductible.
• The annual maximum is how much you have to spend on coinsurance and other costs before the insurer takes over and covers the majority of your remaining expenses for the year.
• Make sure you understand all the coverage specifications before you pay for a policy. You also should know if your doctors are in the insurer's network because it will cost a lot more for care and visits if they are not.
• It is better to understand hospital coverage and the limits a plan places on it.
Many should be able to find what they need by doing some research, asking the right questions about coverage and using help that's already available. The bottom line is:
• Think about your needs before choosing a plan.