They see it as something only for the rich or elderly. However, planning on avoiding illness isn’t a really efficient health plan. As you will soon realize, health insurance is critical.
In order to reduce your health insurance premium, think about buying catastrophic rather than comprehensive coverage. While comprehensive covers doctor visits and prescriptions, catastrophic coverage covers hospital visits and emergency care.
Expect that there will be loopholes in any health insurance policy. Go over all of your policy’s coverage details thoroughly, so that you know ahead of time what the insurer covers and what you need to cover out-of-pocket. Be prepared ahead of time to pay anything yourself that might not be covered, such as some procedures or medications.
Keep in mind that insurance is something that’s regulated state-by-state, so you cannot purchase insurance from another state because of interstate commerce laws. What this means is that you may not be covered for a hospital visit out-of-state. All insurance companies are different in that regard, so be sure to call and check ahead of time.
When shopping for a new health insurance plan, you should carefully consider your individual needs. There are PPO, POS and HMO plans to choose from. Each of these options offers different features and benefits, so you must compare each plan before agreeing to pay for coverage. Be sure that you can continue seeing your current physician.
Check your health insurance plan to learn about what prescriptions are going to be covered under it. This list will be different every year or so, so make sure you check it when you enroll again to avoid a surprise at the pharmacy when filling your medication.
Ask your usual doctor if you can use the health insurance you are interested in to cover for visits. Simply check the insurance company website for a list of hospitals and doctors that are in the network of the insurance provider.
Read your bills when they arrive. You might find some surprises on your medical bills, even when you are supposed fully covered by an insurance plan. One of the most common unconsidered costs that add up are those associated with prescription medications. Some doctors will write out their prescriptions with the name brand only, never thinking of the generic. Compare prices at more than one place. Generic medications are often less expensive, but different pharmacies may charge different amounts.
Catastrophic coverage is insurance that covers sudden, unexpected injuries or illnesses that are life threatening. This option is good for those who can’t afford comprehensive insurance. It may also be a good add-on to your overall health care coverage in cases of extreme emergency.
Anyone who suffers from a pre-existing health condition should educate themselves before deciding on an insurance company. Several companies will not cover you if you suffer from a pre-existing condition, and there are some that charge more for coverage. In order to get a fair premium, research is vital when buying health insurance with a pre-existing condition.
With any luck, the piece you have just read has been thought provoking and has encouraged you to explore health insurance options. A health insurance policy can be the difference between death and life; when you finally get that, it might be too late. Do not disregard this warning, and make sure you are prepared. While healthy insurance can be expensive, dying unnecessarily will cost you much more.