If you are unemployed or self-employed you may opt for an individual health insurance plan. They often require a physical before participation is granted. This provides the insurer with information about your current and past health.

An insurance agent may interview you about your source of income to determine your ability to pay for insurance. Your medical test results and income will determine whether you are eligible to participate.

There are many things to consider when looking into purchasing individual health insurance. Let’s discuss some of the major factors that will influence your decision.

Individual health insurance is popular because it allows you to cherry-pick which benefits you would like in your package. These can include consultation fees, child birth, accidents, critical illness and more. It’s up to you to decide which services you feel you will need now and in the future.

Those with cash constraints and have a hard time paying monthly fees may be offered the option of a co-payment or the insurer may share your medical expenses.

Indemnities can be difficult to obtain. An insurance company has the right to deny your application based on a variety of factors.

Those who are predisposed to certain diseases or work in a hazardous occupation may have trouble getting insurance. Or their insurance may come with a very high premium that can make it difficult for them to pay.

Medical insurance is available with a variety of different options and prices. It can be a godsend in case of a major illness or accident. The best plan, however, is to take good care of your health from the start. Don’t take your good health for granted. Exercise and eat right. Never smoke and if you do already, quit right away. That way you can avoid many of the health problems that insurance covers.