In years gone by, people with a pre-existing medical condition were often refused private health insurance in Illinois but that form of discrimination is now, thankfully, a thing of the past. Under the newly-introduced Affordable Care Act, or “Obamacare”, your health insurance costs may qualify for a partial subsidy but private health insurance is often more comprehensive and less expensive.
Even in this so-called paperless society, there is some form-filling to be done when you take out private health insurance in Illinois at illinois-insurance.website. Depending on whether you are taking out an individual policy or one for your family you will need the following:
- Social Security Number. Document number in the case of legal immigrants.
- W-2 Form. Wage slips and tax statements for yourself and other working family members to be covered. If self-employed, then an estimate of your expected income will be required.
- Other Insurance Policies. If you, or others, have other existing insurance then the policy numbers and details must be provided.
In addition, you will also be asked for specific details if you are a smoker or have recently quit.
Value for Money
Despite the increase in numbers of people covered by Obamacare, private health insurance in Illinois is also attracting more customers due to dropping premium costs brought about by competition in the insurance marketplace. Shopping around is a worthwhile exercise as big savings can be made with a little time and effort as more insurance brokers seek to attract new customers.
There are four basic plans, the “metal” plans, that you can apply for. Platinum, Gold, Silver and Bronze plans all provide the same standards of hospital care and out-patient treatment but vary in monthly premium costs with “Bronze” being the cheapest. The only difference is that “Platinum” will cover up to 90 or 100% of your costs dependent upon your policy.
Better Safe than Sorry
Most people nowadays can opt into the Obamacare health program but, should the unforeseeable and unwanted happen, then you will want to know that you are covered by the best private health insurance in Illinois you can get. Private health insurers like this are bound by government regulations to offer a standard health insurance program to suit the individual. NOW is the time to take advantage of that fact.
While discussing a potential health insurance policy it is also worth enquiring about the tax saving implications of such a policy. A recognized and professional health insurance policy from a designated provider can lead to significant savings in annual tax returns and who doesn’t want to save a few dollars whenever possible?