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Wednesday, August 29, 2007  

Individual Health Insurance Eludes Even More Americans Last Year

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Kaiser's Daily Report wasn't great news today, as data reveals that in 2006 "the number of uninsured U.S. residents grew by 2.2 million to 47 million, up from 44.8 million in 2005." The majority of the uninsured can't find individual health insurance at prices they can afford, but there are some tricks that can help consumers find coverage, if they know where to look and what to look for.

According to the US Census Bureau, "58.7% of the uninsured worked either full- or part-time during 2006," and "of the uninsured, 62% live in households with annual incomes less than $50,000, and of that group, more than half live in households with annual incomes between $25,000 and $50,000." What does this mean? That these are working people who don't get employer based medical coverage, and probably don't know where to go for affordable individual health insurance.

The best place to find a plan that is affordable and covers some of the important basics would be the Internet. By shopping around aggressively online and comparing companies, rates, and plans, most people can find an individual health insurance policy that is more affordable. And, it's very important to have yearly checkups to reduce the likelihood that disease or sickness will strike. So, knowing what is covered, what isn't, and what kind of out-of-pocket expenses you'll incur can save you a lot of money down the road.