How to Buy Private Medical Insurance

Private medical insurance provides coverage for those that are not included on a group health insurance plan with their employer. Here are the basics of how to buy private medical insurance.

Private Medical Insurance

In the past, many people were covered by insurance plans at their work. In today's society, this is hardly the case. Many businesses are outsourcing a large portion of their work to freelance workers that can work from home. With advancements in technology, many jobs can now be performed outside of a traditional working environment. Although working from home can be very beneficial for many individuals, it will require them to purchase their own medical insurance coverage.

Determine Coverage Needs

Before you start looking for a specific policy or insurance provider, you should spend some time determining exactly what you need. There are many different types of private health insurance, and not all of them are going to be exactly what you need. Some people would prefer to have a plan with a low deductible that covers everything they could possibly need. For example, they might want a plan with a low co-pay, medication coverage and a small co-insurance percentage. If you want this type of coverage, you should be prepared to pay handsomely for it.

By comparison, many individuals also would prefer to get a plan that has a high deductible. They do not usually visit the doctor much, and they do not necessarily need a co-pay. These people would prefer to get health insurance just so that they do not run into any catastrophic medical bills if anything bad were to happen. This type of person only wants insurance so that they can avoid filing bankruptcy if they have to have surgery. Sit down and write out what you would like to find in your insurance policy.

Shop Around

Once you have decided what type of medical coverage you want, you need to spend some time shopping around. There are many different health insurance providers out there, and each one of them is going to offer something different. Most of them will allow you to look at the different plans that they offer on their website. This is a very easy way for you to shop around and compare rates. You should also look at what facilities and doctors would be included in your plan. If you are looking at a plan, you want to make sure that it covers doctors in your area.


Before you can purchase private medical insurance, you will have to fill out an application with the company. They are going to ask you all kinds of questions about your health and personal information. This information is necessary so that they can determine if you qualify for their coverage. Once they have evaluated your application, they will let you know if you have been approved for coverage. If you have, you will then provide them with payment for your first premium, and they will send you the necessary information about your insurance coverage.