Health Insurance Assistance Website HealthCompare Answers Frequently Asked Questions About Health In

Online, July 7, 2011 (Newswire.com) - HealthCompare, a website which helps users find affordable, high-quality health insurance, has released a frequently asked questions page which provides answers to common questions about health insurance. The page is designed to educate health insurance consumers and allay some of their fears about health insurance.

Health insurance is a necessity for many families, and can be a major expense. Because of this, finding the right health insurance plan can be a complicated process. Many potential insurance consumers are confused, frustrated, and even frightened of the process. Many health insurance seekers are unaware of even basic facts about health insurance.

HealthCompare understands the complexity and difficulty of finding the best insurance option for an individual or family. The website is dedicated to informing users about health insurance and in assisting them in the search for health insurance. To further these missions, HealthCompare has answered some of the most frequently asked questions about health insurance.

Many questions are answered on the page. One such question is, "What if I can't remember a date?" HealthCompare says that it is acceptable to guess a date, but that you should try to get as close as possible to the actual date. Make sure that you note in an additional information section that you were unaware of the exact date. Insurance companies may follow up on this.

Another question that HealthCompare answers is, "If I apply for individual or family insurance, do I have to buy it?" The website answers that you do not. The application process can be canceled at any point until the insurance is purchased. Some states, such as California, actually have a mandatory trial period for insurance users.

Many insurance seekers ask, "Why should I consider an HSA?" HealthCompare lists several reasons why an HSA should be considered. A few of these reasons are that 100% of contributions can be deducted from your taxable income, interest accrues tax free, and no taxes or penalties are incurred for qualified medical withdrawals.

A final sample answer provided on the page is, "What would cause me to lose my COBRA coverage?" HealthCompare answers that COBRA coverage can be lost if premiums are not paid according to regulations, the health plan is discontinued, coverage is obtained from another employer or source, or you are enrolled in Medicare benefits.
The answers are currently available at http://healthcompare.org/2010/08/frequently-asked-questions/#question1.