If you’ve graduated college recently, consider a couple different things when looking for health insurance. Perhaps you can get insurance through your employer. If you are younger than 26, you can remain covered under your parents’ insurance plan, or you can look into personal insurance plans too.
Reevaluate your insurance plan during your open enrollment period to make sure you are getting the best coverage that meets your needs. If your family has grown or someone’s needs have changed, you may have to change your coverage. If your employer also offers vision and dental insurance, you should review that also during open enrollment.
It is important to plan for the higher cost of an individual policy versus a group policy often offered by employers. You might have to choose an insurance with a bigger deductible, or one that has a less coverage, or both. Just look around for the best type of coverage you can get for yourself by shopping around.
During each enrollment period, check for changes in your prescription coverage, co-payments and annual deductibles. Since insurance companies are prone to altering what drugs they will cover, read all the fine print each time you re-enroll. If a medication you rely on daily is not covered anymore, you may need to find a new insurance carrier.
Be aware of your tax credits for health insurance bills. Few people understand that health insurance premiums are tax-deductible. You can also include all money paid for prescriptions, your deductible, doctor visits, co-pays and any other non-covered medical expense. Check to see what guidelines the federal and state governments have for tax breaks.
When you are filling out your application with the insurance company over the phone, make sure that you are only providing them with the information that they request. If you have a condition and they don’t ask about it, withold that information. When you volunteer too much information, the result could be an increase in your premiums, or at worst, a complete denial of coverage.
It doesn’t matter the type of insurance coverage you currently have, but you will save money if you choose generic drugs. Only in rare cases will you not be able to receive generics, and multiple studies show that there is no difference in the drugs except for their brand name.
Make sure your preferred doctors and hospitals accept your choice of health insurance. 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.
Health Savings Accounts (HSAs) are a great idea for someone who rarely visits the doctor. The money you save on not having to pay deductibles and high premiums can be funneled into your HSA and saved for future health needs.
Even if you have an inside pet, you should still purchase some health insurance. Bodily injury, poisoning or any other accidents still have a likelihood of occurring. Pets that live exclusively indoors can incur injuries or experience dental problems that require help from a veterinarian.
It is important to do thorough research when signing up for health insurance if you suffer from a pre-existing condition. With certain pre-existing conditions and certain insurance providers, insurance coverage will be much more expensive or even impossible for you to obtain. You need to do a lot of research so that you can be sure you are getting a great rate on your insurance.
Keep track of all the expenses that go into your medical coverage, and even outside of it, when you are getting ready to switch health insurance policies. Do not forget to include the out-of-pocket expenses that you provide for your dependents as well as for yourself.
To sum things up, it is very important to make sure you are healthy as it is probably the most important thing in life. If you would like to be sure you remain in good health, get good health insurance. The advice offered in this article to help you out with your health insurance needs.