Health insurance is a must-have in the event you have a serious medical emergency. You never know when disaster will strike in the form of illness, accident or injury. If you aren’t prepared with a good health insurance plan, you could stand to lose everything. If you have a good health plan in place, you can rest easy that your expenses will be taken care of. You have a couple of choices when it comes to purchasing health insurance. You can go with an individual plan, or if your employer offers group insurance, you can save money by choosing that plan.
If you’ve recently finished college and are looking for health insurance, you should consider a few things before purchasing any policy. If you are employed and the company offers insurance, you can enroll in that. If you are not yet 26, you can remain on your parents’ health insurance, though you may want to look into getting your own coverage.
See if your employer has a wellness program for their employees. Some companies offer discounted gym memberships and reduced rates for preventative medical care. You could then register for exercise programs in order to assist your company in saving money on insurance coverage, which can decrease your premiums.
Individual policies tend to cost quite a bit more than a group plan, so be sure that you plan out your finances accordingly. You may need to sacrifice some aspects of your policy to help keep the cost affordable, such as a higher deductible or less coverage. Make sure you consider all your options before purchasing insurance.
Check with physicians and medical care providers that you use routinely to be sure that they will accept whatever health insurance you may be purchasing. The insurance company you are considering will usually post a list of providers in your area who are on their approved list, but it still wouldn’t hurt to call for a confirmation or update.
When you are comparing insurance plans, you may see that you will pay less with a group plan, but if you have an individual plan you will have more choices. The most important take-away here is that you need to have some form of health insurance, even if it isn’t top-of-the-line. Being without health insurance coverage in this day and age is just asking for trouble. You could develop a serious illness tomorrow, which would destroy any savings you have within months. Be wise, and research your health insurance options today.