Due to the economic downturn, individuals and families are now shopping for private health insurance in increasing numbers. The following information will provide individuals and families shopping for insurance with basic considerations to assist them with getting the best health insurance policy for their health care needs.
How much do you spend on medical and health care expenses during a twelve month period? If your annual health care expenses are low, than consider purchasing a high deductible health insurance policy that saves money on lower monthly premiums.
What premiums can you afford on your budget? For those who can't pay the higher monthly premiums, choose a high deductible plan that will cover the important health care expenses in case of emergencies. Many policies have $1000, $2500 or even $5000 deductibles that can save your family from financial crisis when a medical emergency arises.
Consider temporary or long term health insurance. If you are between jobs or unemployed then temporary health insurance may be the answer. Temporary insurance with 1-6 month coverage can also be used by students. Check the policy and make sure it covers needed health care services.
Read the pre-existing conditions clause and understan the policy exclusion details to make sure you and your family are covered and your medical claims will not be denied. The exclusionl details are important with all types of health insurance policies whether student, temporary, or a individual health insurance plan.
Find out about the network of doctors and hospitals that the insurance policy covers. Many policies require you to visit a network doctor or hospital in your area. Make sure to check access to specialized doctors and medical treatment when traveling. Does the insurance policy allow out of network medical treatment? Check the network of doctors and hospitals and ability to choose your own doctor before deciding on an insurance company.
What is involved in seeking treatment outside of the preferred network? Are you covered outside of the network? Many insurance companies do cover this situation, but read the information about deductibles, out of network claims, and maximum out of pocket expenses for these claims.
Does the health plan cover the important medical procedures? Choose a health plan that covers the basics like doctor visits, routine physicals, outpatient testing, and blood work. Also choose an insurance policy that covers infectious diseases, cancer treatments, transplants, critical illness, and traumatic accidents. Make sure to find out the lifetime maximum payout amount as well as if the policy has limitations or exclusions for coverage.
Looking for a Health Savings Account to decrease your taxable income? Find out about high deductible health plans and Health Savings Accounts. HSA plans can pay for certain medical expenses, reduces taxable income and save money for your retirement. Ask an insurance professional about HSA options.
Ask the insurance company about their professional experience and track record in the field. Most agents specialize in health insurance and are willing to answer any questions and concerns. Dealing with a professional agent can greatly simplify the entire process of choosing the right health insurance policy for you.
How much do you spend on medical and health care expenses during a twelve month period? If your annual health care expenses are low, than consider purchasing a high deductible health insurance policy that saves money on lower monthly premiums.
What premiums can you afford on your budget? For those who can't pay the higher monthly premiums, choose a high deductible plan that will cover the important health care expenses in case of emergencies. Many policies have $1000, $2500 or even $5000 deductibles that can save your family from financial crisis when a medical emergency arises.
Consider temporary or long term health insurance. If you are between jobs or unemployed then temporary health insurance may be the answer. Temporary insurance with 1-6 month coverage can also be used by students. Check the policy and make sure it covers needed health care services.
Read the pre-existing conditions clause and understan the policy exclusion details to make sure you and your family are covered and your medical claims will not be denied. The exclusionl details are important with all types of health insurance policies whether student, temporary, or a individual health insurance plan.
Find out about the network of doctors and hospitals that the insurance policy covers. Many policies require you to visit a network doctor or hospital in your area. Make sure to check access to specialized doctors and medical treatment when traveling. Does the insurance policy allow out of network medical treatment? Check the network of doctors and hospitals and ability to choose your own doctor before deciding on an insurance company.
What is involved in seeking treatment outside of the preferred network? Are you covered outside of the network? Many insurance companies do cover this situation, but read the information about deductibles, out of network claims, and maximum out of pocket expenses for these claims.
Does the health plan cover the important medical procedures? Choose a health plan that covers the basics like doctor visits, routine physicals, outpatient testing, and blood work. Also choose an insurance policy that covers infectious diseases, cancer treatments, transplants, critical illness, and traumatic accidents. Make sure to find out the lifetime maximum payout amount as well as if the policy has limitations or exclusions for coverage.
Looking for a Health Savings Account to decrease your taxable income? Find out about high deductible health plans and Health Savings Accounts. HSA plans can pay for certain medical expenses, reduces taxable income and save money for your retirement. Ask an insurance professional about HSA options.
Ask the insurance company about their professional experience and track record in the field. Most agents specialize in health insurance and are willing to answer any questions and concerns. Dealing with a professional agent can greatly simplify the entire process of choosing the right health insurance policy for you.
About the Author:
Elliot Bigman is an insurance agent with Direct Marketing Assoc., an award winning BCBSNC insurance agency serving NC. Call 800-226-0092 or visit NC Insurance Plans Online for Blue Cross NC rates and quotes.
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