While the cost of healthcare and the cost of health insurance continue to rise, people find it harder and harder to find affordable health insurance providers for their health insurance needs. At the same time, the more the cost of healthcare and health insurance continue to rise, the more you need to find an affordable plan that will work for you. The secret here is to create a balance—for the payments you can afford and for particular treatments and coverage that you give importance and priority to.

When shopping around, look for an A-plus insurance company. A better rating gives you more assurance that the company will actually pay a claim. People shopping for health insurance often consider little except different plans' premiums and deductibles. Well, you have a lot of options available for your health insurance needs from various health insurance providers. If your employer offers group health insurance under the company sponsored package of benefits, go for it, whether your company pays the health insurance in full or not. It is still the cheaper one compared to an individual health insurance plan. An advantage of being in a group plan is not just the generally lower cost. Plans such as these can help you avoid restrictions for pre-existing conditions.

Most often, companies provide coverage for your spouse and children for an additional cost. Buying a policy on your own instead of through your employer often means getting skimpier benefits and paying higher costs, if you're approved at all.

Here's what to look for in a health insurance plan:

- Annual caps on specific services
- Generic drug coverage.
- Lifetime coverage limit.

If your employer does not offer a group sponsored health insurance plan, consider a private plan, the most affordable of which are the managed care plans like HMOs and PPOs. With these plans, you pay your health insurance provider with lower monthly premiums but you can only use doctors, hospitals and health care providers within your health insurance providers network. You can make arrangements with your health insurance provider for lower costs, like setting deductibles and co-payments, and maintaining good health. If you're relatively healthy or have a strong enough cash flow to handle routine medical expenses, consider purchasing "catastrophic" insurance.

Luckily, the Internet has cleared these once-murky waters and comparison shopping is easier than ever. Go online and search the Internet for websites owned by affordable health insurance providers, and request for free quotes for HSA, HMO, POS, and PPO. Compare the features of each quote before making a decision. The cost of premiums varies greatly, depending on your age, medical history and the company. Call, ask questions, compare and then ask for a better deal. Check your policies and premiums at least once a year; make sure they are still meeting your needs.

Guaranteed acceptance programs are designed for individuals who are unable to obtain healthcare coverage through traditional forms of health insurance because of cost or existing medical conditions. These are the best medical insurance plans available to this special risk group.

Author's Bio: 

Sandra Cohen is a health insurance consultant who worked as a consumer advocate for a full service Florida health insurance agency. Sandra can lend you advice on health insurance options for you and your family. Sandra has been in the health insurance industry for the past 17 years and has expertise in many areas of insurance. Her experience includes working as an insurance company underwriter, a health insurance consultant and as an insurance broker.