Insurance Health Insurance

The Biggest Mistake People Make When Choosing a Health Insurance Plan

The biggest mistake in comparing health insurance quotes is making not comparing apples to apples.
A lot of the terms used in the health insurance industry are the same, but lately many companies are coming up with new methods to save you money, give you more choices and let you custom tailor health care plan that is perfect for your situation.
Although these options are good for you in the long term, it really makes it difficult to know how each one of these options works when comparing them to the other insurance policies that you're being quoted.
When you are comparing health insurance quotes, the first thing you need to look at is what you are getting for your money.
Here are some of the key items you need to consider in each health insurance quote you're getting: 1.
What is the co-pay for office visits? 2.
What is covered in each office visit? 3.
What is the total dollar amount of services that is covered in each visit? 4.
Does the plan that you are considering cover prescription drugs? 5.
How much do name brand drugs cost? 6.
How much do generic drugs cost? 7.
Is there a deductible before coverage kicks in? 8.
How much is the deductible before the insurance covers all costs 100%? 9.
Does the insurance cover all costs 100%? Some policies only cover 70%, others 80%.
What are the individual and family deductibles? 11.
How does the policy you're being quoted handle cancer and other catastrophic illnesses such as heart attack and stroke? 12.
What does the policy include for accidents? There is so much more that you need to consider when looking at health policies but these questions address the most critical areas.
Areas that can cost you big money if you don't have the coverage that you need, when you need it.
Probably the most important thing that you need to keep in mind when comparing health insurance quotes is the type of coverage you and your family need.
If your family is historically healthy, don't get sick very often, then you might save a lot of money by looking at a plan that covers accidents, catastrophic illnesses and a health savings account.
These plans are relatively new and require you to pay for your doctor visits for sickness out of pocket until you reach an individual or family deductible.
Then the insurance steps in and pays from 70%-100% of the costs after that.
With a little bit of patience and the willingness to learn some new terms, any reasonably intelligent person can understand and compare health insurance quotes so they get the health insurance policy for them and their family that gives them the coverage they need and protects them from financial risk in the event of a major illness or accident.

Leave a reply