Employer health insurance is the primary way Americans receive medical coverage. Between the years 2001 and 2003, the percentage of Americans with health insurance plummeted drastically. The result of the medical coverage drop left 9 million fewer people without employer coverage. The rising cost of health insurance and unemployment were the blame for the falloff. For people under the age of 65 receiving health insurance through their employer, the numbers dropped by four percent.
According to the study by the non-partisan Center for Studying Health System Change in Washington, during the period, the enrollment of government health programs like Medicaid escalated, impeding significant growth of the uninsured.
The predominant reason for the drop in health insurance coverage was the direct effect of employment losses caused by the lethargic economy. Moreover, medical premiums increased by 28 percent during the same period and contributed to the decline of coverage as some employers stopped providing coverage. Alternatively, certain corporate employee opted not to enroll because the escalated cost for paying their share in coverage.
A recent study depicts that more than 16 million Americans purchase their own health insurance. You can follow our link to get health insurance quotes and apply directly online. The individual medical coverage ranges from an $87 a month to $299 a month. The prices were based on the average of the policies sold by various insurers. The average annual premium varies from $1,776 for individuals to $3,324 for a family. The health insurance costs are considerably lower than the coverage offered by employers pay for medical coverage. Employer health insurance averages $3,383 for single employee coverage and $9,068 for families.
Researchers base the drastic price difference on that fact that people who buy their own insurance select plans with basic benefits than those offered by employers. Additionally, individual purchasers may also be younger or healthier than those in-group plans.
The only way to make sure you family is protected is to obtain quality health coverage from a health care provider chosen by you to meet your insurance needs. Most individuals and families do not do enough research before buying health insurance. Make sure you are providing the right type of coverage for your family by comparing the offers for m multiple health insurance companies online.Click the banner art the top of the screen to obtain a competitive health insurance quote from up to 5 insurance agents in your area. The simple form take son 30 seconds, and you get competitive quotes form brokers competing for your business in less than 24hours.