Buying insurance through the help of employer or on your own are the two main ways of how you can get virtually any insurance policy you like. For every option of course, there are benefits that you can enjoy and that is what we will be discussing today.
Sometimes, you just don’t have a choice and there are instances to which you don’t know where you can get your insurance. If for instance that your employer is offering a certain type of insurance policy, then for the most part, it’s the only option you have. It’s beneficial to know already that buying insurance policy is easier through your employer. If your employer is offering the coverage that you want, it is oftentimes simply done by checking the “Yes” box upon enrollment and you are already signed up for it, that easy.
In reality, you can buy the insurance for a lower price, making the deal sweeter. The truth is, group insurance is more affordable while other insurance that you opt to get on your own will probably cost you more in the end. So if you’d think of it, you get to buy insurance for a lower price but in the end, you get to enjoy the same benefits. Just to give you a quick reminder it is cheaper to buy group insurance instead of buying individual coverage.
Say for example that you really don’t like the proposition of your employer for the insurance and instead decided to buy on your own, there are two benefits you are about to reap from it. First, you can get the specific coverage that you need. You are free to make your own decisions and not have to depend on what your employer told you to do; even if your employer offers you a certain amount, might as well look at individual coverage for comparison. This way, you know that you and your family protected of whatever could happen.
Second, the insurance policy is yours to keep as long as you’re paying the premium. Do whatever suits you; change jobs, states etc. Given that there is no delays you make on payments, it is impossible to have it taken away from you. If you think that is all, getting insurance on your own gives you the freedom to find the best policy for the situation you are in. Meaning, if your employer only offers auto insurance and what you want is health insurance, you won’t be stuck with the former option.
Apart from that, if you made a decision to buy health insurance on your own, then you will be able to get the disability benefits in full, no taxes or whatsoever.
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