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.
Many companies offer employee wellness programs that allow employers to save on health insurance. A lot of employers offer incentives to any employee who has their health and lifestyle assessed. Then you might be eligible for a fitness program that will help your company save on its insurance, and in turn lower your premium.
Reevaluate your insurance plan during your open enrollment period to make sure you are getting the best coverage that meets your needs. You might find that old choices in your health insurance plan just do not make sense anymore for your current situation. You can also make changes to vision, dental and other insurance options.
Buying individual coverage typically costs more than the group insurance employers provide, so have your expectations set accordingly. It is possible you might have to be satisfied with a higher deductible and/or less coverage. You can get the best rates and coverage by shopping around.
During each enrollment period, check for changes in your prescription coverage, co-payments and annual deductibles. Every year, when you re-enroll in your insurance plan, your insurance company has the right to change the plan terms. Read all the paperwork when you re-enroll and ask your insurance agent to clarify anything you’re confused about. In particular, keep an eye on the prescription drugs covered by your plan and note changes that may occur from year to year. If you need medication on a regular basis and your insurance company no longer covers it, you need to find a new insurer.
Catastrophic coverage may save money on health insurance premiums, but comprehensive coverage will save money in the long run if you have any serious medical needs. Catastrophic coverage only kicks in for emergency care and hospitalizations, whereas comprehensive coverages includes coverage for prescriptions and visits to the doctor.
Do not offer up information if someone from a health insurance agency is discussing the application process. Only give them the health information they specifically ask for. When you volunteer too much information, the result could be an increase in your premiums, or at worst, a complete denial of coverage.
Don’t neglect reviewing the bills you receive. Even when covered by a full-fledged medical plan, the bills that pop up can catch you off guard, especially in regards to prescriptions. There are some doctors who don’t think of the generic version when writing a prescription. Also make sure that you shop around. Generic medicines are known to deviate in price at different pharmacies.
insurance can be confusing especially when there is a pre-existing health issue, and it’s best to do some research prior to entering into a policy with any company. Many companies will not extend coverage at all for certain pre-existing conditions, and others will charge ripoff rates. You can make the best of a bad situation by doing your research.
You can ask your physician to write a prescription for double the dose he would normally prescribe. Often, buying pills in larger doses does not significantly increase the cost so you may be able to save money by cutting the pills in half. Your pill splitter is an investment rather than an expense.
You could receive a special reduced-cost medical care card if you manage to qualify for the program. This card will help you receive a lower rate at the insurance company you decide to use. These cards let you see doctors within the network that offer low cost care for those lower income families. In some cases, you can even obtain health spending accounts that give you additional ways to take care of your costs.
Individual insurance plans give you more choices, but group insurance plans can cost you less money every month. Even if you cannot afford a large coverage, you should still get what you can afford. To not have health insurance today really is a recipe for disaster. It’s possible for something bad to happen that may possibly leave you without any money. Be smart, and research the options for health insurance that protects you and still fits within your budget.