Buying health insurance can be an expensive proposition. If your employer doesn’t offer medical benefits or you don’t qualify for employer sponsored group health insurance, in certain circumstances you can qualify for group rates and get affordable medical coverage.
In many cases, consumers are eligible for group health plans through some professional or trade organization. The members of the group share the cost of medical insurances, much the same way the employees of a small business do.
Professional and Trade Organizations that Offer Health Insurance Coverage to Members
To help you better understand how to get affordable medical coverage through a professional or trade association membership, we’ve compiled a small list (NOT an all-encompassing list) of professional and trade organizations that offer group health insurance benefits to members.
Sample Professional and Trade Organizations that Offer Members Group Rates When Buying Health Insurance
Quality group health rates are available to most consumers outside of employer-sponsored group plans. This may be a wise choice for the consumer who does not plan to stay at a job very long, for the freelancer attempting to break out into self-employment while working a day job, and the employee who is not happy with the group health plan choices offered by his employer-sponsored health insurance company.
Obtaining quality group health insurance outside of your employer can be as easy as locating a trade or professional organization that you qualify for membership, and applying for group coverage. However, this process can become confusing when you learn that you qualify for membership in more than one professional or trade organization that offers group health insurance. Which organization has the lowest annual membership fees and requirements, and which offers the highest quality group health insurance plans at the best prices?
How to Choose a Plan When Buying Health Insurance With a Group Rate
Sorting through this conundrum often requires a large investment of time and effort on your part. Begin by making a list of all professional and trade organizations that you might qualify for and then read the membership requirements for each. This should allow you to cross off a few candidates immediately.
Next, determine what types of group health insurance plans are offered by each organization. One of the best ways to do this is to call the organization and ask to view a copy of the health insurance plans offered to members. Most organizations will gladly comply in exchange for adding you to their mailing list. Compare the group health insurance plans available and the prices of monthly premiums and eliminate any plans that do not meet your insurance needs or outside of your budget. Be sure to consider out-of pocket expenses, deductible, co-pays, and non-covered items with each plan. You may also want to choose a group health insurance plan from a respected and trusted insurance company.
Last, find out what the annual requirements are for maintaining membership in the group. Create a detailed inventory or chart of your findings and eliminate any organizations that require too much time or money to maintain yearly membership that do not offer exceptional group health insurance plans. If the membership ritual is rigorous but the benefits are outstanding, it may be a fair trade off.
Finding group health insurance outside of your employer can be a bit tricky, bur for the underinsured, uninsured, or self-employed, investing a few hours work into finding medical insurances at a group rate through a professional or trade organization is well worth the effort.
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