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.
Calculate all costs of health insurance prior to signing a contract. Take into consideration all the costs coming your way, such as premiums, deductibles and co-pays. While these can be confusing at first, it is in your best interest to know the costs, and reasons, before you purchase a policy.
If you’ve just graduated from college and are looking to purchase health insurance for the first time, keep the following in mind. If you got a job right out of college, check the health insurance they offer. You can get on your parents’ insurance if you’re under 26, in which case, you can also use that time to research plans.
To lower your insurance premiums, see if your employer offers a wellness program for their employees. A lot of employers give out incentives for their employees in order to have their lifestyle and health assessed. You may be able to join a fitness program afterwards, which will help the company to save money on their insurance coverage, and that in turn would lower your own premium.
To save the most money possible on health insurance premiums, consider catastrophic coverage instead of a more comprehensive one. Catastrophic coverage does not pay for prescriptions, checkups, and so on, but only for emergency care or hospitalization.
When you are in the hospital, you do not want to suddenly find out that your health insurance will not cover you. Be prepared by knowing as much as you can about insurance and also by knowing all the choices you have. Living with poor health insurance is a bad decision, but it is one that you can correct at any time.