Do not approach health insurance with fear. It is true the field is complex and your options are many, but the more you learn, the safer you will feel. Health insurance is similar to healthcare itself. An ounce of prevention is worth a pound of cure. By making smart choices when you select health insurance, you can avoid difficulties in the future.
When thinking about a health insurance policy from your job, think about your health and your family’s health. If your health doesn’t present any concerns, you can get coverage with lower premiums. This may be enticing, but if health issues arise you could be in for some trouble.
Reevaluate your insurance plan during your open enrollment period to make sure you are getting the best coverage that meets your needs. Your insurance needs can rapidly change as your health changes and your family grows. Open enrollment offers you the ability to change vision and dental coverage, too, if you have that option.
If issues with your vision have arisen, or if there are hereditary factors that could cause problems in the future, consider an insurance policy that covers vision. Some of your visits and eye care purchases, such as glasses or contacts, will be covered. You don’t have to carry vision insurance, so choosing not to get a policy may save some people money.
A cheaper alternative to comprehensive insurance is catastrophic coverage. Catastrophic coverage is for emergency visits and hospitalization, while comprehensive coverage help pay the cost of doctors visits, prescriptions and mental health care.
Regardless of how comprehensive your health insurance policy is, making the decision to use generic drugs will always be more cost effective. It’s unlikely that your prescription will not have a generic option, and studies have proven that the efficacy of both name brand and generic prescriptions are equal.
Don’t wait until you’re sick to find out what your health insurance covers. Be prepared by knowing as much as you can about insurance and also by knowing all the choices you have. You do not have to live your life under insured!