It is normal for you to feel a bit of uncertainty when it comes to your health insurance, regardless of whether it is your first insurance policy, you are looking to pair some of your existing policies together, or you are simply seeking lower rates or more coverage. This article contains helpful advice that will help you to avoid common pitfalls of purchasing insurance.
If you’ve recently finished college and are looking for health insurance, you should consider a few things before purchasing any policy. If you’ve got a job, use the employee-based insurance it provides. Until you reach 26, you are able to be listed on your parents’ insurance policy. You can also check our personal plans though too.
See if there’s an employee-wellness program with your company that could possibly save you money on health insurance. A lot of employers offer incentives for employees for having their lifestyles and health assessed. If you qualify, you may be able to save some cash on your premiums by participating in programs that can save your employer money.
If you can’t afford comprehensive insurance, then at least get catastrophic coverage. Comprehensive covers certain instances, but catastrophic covers emergency care and hospital visits, as well.
Use health insurance to pay less on taxes! Your health insurance premiums are tax deductible. Also, any money spent on your deductible, prescriptions and any doctor visits that your insurance provider does not cover, can help you save money on your taxes. Be sure to check on the guidelines because state and federal taxes are different.
Understand that every health insurance policy has loopholes. You need to thoroughly read your policy, so that you understand what it says and are not caught off guard if they say they will not cover something. Be prepared beforehand to pay for certain things out of your pocket, such as certain medicines or treatments.
If you get a call from the health insurance company as part of your application process, don’t give out any extra information. Give direct answers to their questions and nothing more. Even if they are legitimate, the information you provide will be recorded and can be used to spike up the premium you pay each month.
Generic drugs will always save you money regardless of the type of health insurance coverage you have. There are only rare times you can’t get generic medicine, and most studies show there is not a measurable difference between brand and generic, save the name.
Choose the health insurance policy which fits your needs to a “T”. Select either a POS, PPO or HMO. Each one has disparate benefits that you will need to consider before purchasing a policy. Make sure that you have the option to keep the doctor that you currently use.
If there is a chance that you will become pregnant any time soon, you should make sure that your health insurance covers all of the associated expenses, from prenatal appointments to charges for labor and delivery. You should be aware that not all health insurance plans will take care of all costs that are associated with having a baby.
Having pet health insurance is a good idea, even for pets who are kept indoors all the time. There are always hazards of accidental poisoning and injury indoors, and of course, if your pet accidentally slips out, anything could happen. Though your pet may be indoors, it could still manage to chip a tooth or damage a part of its body, for which treatment will cost quite a bit of money.
With the information in this article, you should be better prepared to make good decisions about your health insurance. You can now shop with more confidence, knowing that you can recognize good quality health insurance and understand how to get the best coverage for your money.