It's been statistically proven that a reputable health insurance plan is one of the most effective ways to attract and retain the most qualified employees. With Chicago being such a competitive market, choosing the right IL healthcare plan for your business is a decision you should not take lightly. This article will provide insight on some of the most important things to keep in mind when shopping for Illinois small business insurance.

5 Reasons to Buy Your Own Health Insurance

If you're one of the millions of Americans who receive health insurance benefits from your employer, you have probably noticed that the choices can be limited.  While it's nice to work for a company willing to offer coverage at a discounted rate, the trade-off is having to accept whichever plan the company decides to commit to.  This might work for some people, but for others, it creates an entirely new set of challenges.  As a result, more and more Illinois residents have elected to purchase their own IL healthcare coverage. 

Let's take a look at some of the key advantages of purchasing your own health insurance, from an independent health insurance broker.

1.  To Take Charge of Your IL Health Insurance

When you purchase your own policy, you have a new level of control that may not be available through company-provided health benefits.  One of the disadvantages of having insurance through an employer is the limitations.  Businesses choose health plans in an extremely generalized manner; looking for that comfortable "middle ground" that conveniently offers a little something for everyone. 

Unfortunately, this usually results in having to select from one or two option.  Buying your own plan allows you to tailor a coverage policy that meets your needs, while giving you the flexibility of deciding on claims copay amounts, deductibles, out of pocket expenses, and many other attributes.

2.  For the Freedom to Choose Among Top Insurance Carriers

While most employers tend to go with reputable, far-reaching insurance carriers, not all do.  If you've ever seen that episode of The Office, where Dwight chooses the absolute bottom of the barrel, cut-rate coverage plan, and then gives the staff less than a day to decide, you know what I'm talking about.  Being forced to make a rush decision on healthcare can be extremely frustrating.  And, it can be even more and can be trying to get anything covered.  Purchasing your own plan allows you to take your family's health insurance into your own hands!

3. For More Increased Privacy

Privacy is always a concern when it comes to buying health insurance through your company.  Many people are not comfortable with their employer having access to medical records, banking information, claims details and other sensitive issues.  Shopping for your own coverage is one way to ensure that no one in your HR department will ever have the opportunity to pass the time, by reading all about your medical history. 

4.  You Get More Personalized Service

When it comes to purchasing your own medical insurance in Chicago, ask yourself something: Would you rather deal with a local office in your neighborhood; one that knows you by name?  Or a strangere in a call center, where you're nothing more than an account number?  Working with a local health insurance broker guarantees a level of service and dedication that you simply can't get anywhere else.

5.  Choose a Plan that Revolves Around You

Anyone who has ever purchased thier family's health insurance from thier job, knows all too well how limited the options can be.  In most cases, you will only have the option between one or two plans, with little variation in the deductible, copayment, maximum out-of-pocket, payment dates, and many other important financial considerations.  When you shop for your own IL health insurance policies, a world of options are opened up to you.  In addition to having more control over the details of your plan, you also have the freedom to choose the specific type of policy – such as HRA (health reimbursement accounts), high deductible plans, HSA (health savings account), low co-pay health plans, and others. 

Ultimately it is up to you to decide whether or not your employer's health insurance plan is worth purchasing.  If it is, then you have little to worry about.  If it is not, though, never forget that there are options.  If you're in the state of Illinois and considering purchasing your own medical dental insurance, Premier Financial Insurance can help you in selecting the healthcare plan that addresses your needs without breaking your budget.