Individual Health Insurance Quote

By: EconomyWatch Content   Date: 8 February 2010

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An individual health insurance quote offers information about the coverage, premium and out-of-pocket expenses pertaining to the policy. Getting insurance quotes from different private carriers is a smart way to strike the best possible deal.

Individual Health Insurance Quote: Essential Considerations

To provide individual health insurance quotes, the underwriting company asks for the following essential information:

  • Personal details – name, age, height and weight
  • Address – Insurance policy quotes may differ significantly depending on the region. This is because medical facilities in some regions, such as major cities, are more expensive than in other regions.
  • Habits – Insurance providers seek information about health-related habits, such as tobacco intake and alcohol drinking.
  • Medial history – Brief medical history of the individual is required. This will fall into the pre-existing conditions clause of the insurance policy.

Individual Health Insurance Quote Online

Requesting an individual health insurance quote online is an easy process. An individual can request for a quote either from broker websites or directly from the company’s website. A broker website offers quotes from different insurers. To remain competitive in the market, most companies maintain an online presence.

To receive individual health insurance quotes, the user has to fill an online application form. The form seeks all the necessary details based on which the insurance company will provide a list of health cover policies. One can select a policy that suits his personal healthcare needs.

Typically, a health insurance quote offers the following information:

  • Type of policy
  • Scope of coverage
  • Insurance premium
  • Deductibles
  • Co-payment
  • Co-insurance
  • Limitations
  • Exclusions
  • Terms and conditions

The price offered in the quotes is not the final policy price. The final premium and the governing terms and conditions are detailed in the policy disclosure agreement.

Comparative study of insurance quotes from different companies helps to get the best possible coverage with minimal burden on the pocket. In the US, federal laws have standardized health insurance rates charged by private carriers. However, there are price differences arising out of pre-existing health clause and coverage benefits.


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