When you are thinking about purchasing health insurance for yourself, sit down and think about all the costs that are associated with it. It can be difficult to estimate the total cost of an insurance plan over a year, so careful analyze the premium itself, as well as any deductibles and co-pays.
Find out if your place of employment offers any type of employee wellness program. This can save you health insurance costs. Many employers provide incentives for the assessment of their employees’ health and lifestyles. Then you might be eligible for a fitness program that will help your company save on its insurance, and in turn lower your premium.
The way you manage your health care insurance may actually earn you tax breaks around April. Many people don’t realize that their health insurance premiums are tax deductible. The money that is spent paying for the deductible can be deducted, as well as prescriptions or visits that aren’t covered by insurance. State taxes are different than federal taxes though, so make sure to check the guidelines.
Don’t give out unsolicited information when an health insurance provider calls you during the application process. Answer only the questions that are asked. Every communication that you have with the company is notated and assessed when trying to figure out your premiums or coverage. Sometimes the extra information you give could be used against you to deny you coverage, or at minimum an increase to your premiums.
Choose which type of health insurance policy works best for you. Select between a HMO, POS and PPO company. They all have different options that you should look into and consider before buying from any company. Just be sure to go with one that lets you keep your current physician.
Be sure to regularly check to see which prescriptions are covered by your health insurance policy. 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.
It is very important to have good health. Health insurance is the security that you need if you want to stay healthy. Use the advice provided to you in the above article to ensure that you are able to get and keep good health insurance.