There is a misconception that health insurance is only for elderly people or those who are privileged. However, planning on avoiding illness isn’t a really efficient health plan. Health insurance is extremely important. Read the following article to find out more about health insurance.
If you just graduated college and need insurance, there are some choices for you to think about. If you are employed by a large enough business, you are probably eligible for company provided coverage. If you are 25 and under, you can still be part of your parents’ plan. Of course, you can also check for your own individual plan if neither of those works.
When it’s time for open enrollment, evaluate your needs when it comes to health insurance. Your current coverage may no longer be adequate if your health conditions have changed or if you need coverage for a new family member. Use this time to look into your dental and vision coverage as well.
In order to reduce your health insurance premium, think about buying catastrophic rather than comprehensive coverage. Unlike comprehensive insurance, catastrophic coverage has less coverage for routine care, and will only cover “big ticket” costs.
If you get a call from the health insurance company as part of your application process, don’t give out any extra information. Simply respond to whatever questions they ask. Remember that the insurance companies are trying to make money, and anything you say can and will be used against you, in the form of raising premiums or denial of coverage.
Determine the specific health insurance policy that would best serve you. You can choose from PPO, HMO and POS. Each has different options to choose from that you will need to research and decide on before purchasing. An important consideration is whether or not you want to keep your current primary care physician, and if you do you should ask him which insurance company he is affiliated with.
Read your policy to ensure you know exactly which prescriptions are covered and which are not. The list of prescriptions covered changes every year, so read it over each time you renew your policy to see what is and isn’t covered.
If your spouse has a health insurance possibility through an employer, you may have to pay a surcharge to add your wife or husband on your plan. Take a look at the details and determine whether you could actually benefit financially by keeping your policies separated.
With any luck, this article should have made you think more about health insurance. You may not realize it now, but health insurance might save your life one day. Get it now before it is too late. Do not disregard this warning, and make sure you are prepared. There is a lot of criticism from various groups about the costs, but in the end, it won’t cost nearly as much as the loss of a life.