7 Tips to Find Affordable Health Insurance
TIP # 1 - Shop the insurance market -
Every year you should shop around for better insurance. See if it make sense
to switch plans or providers; insurance carriers always coming out with new
plans. Unfortunately health insurance carriers do not give discounts for
company loyalty. The rates are based solely on health status, age and
location.
TIP # 2 - Do not use out-of-network doctors
Double check with your insurance if your doctor is an “In-Network Provider”.
Using “Out-of-Network doctor” can be very costly, as the insurance company
are only paying their standard rate and you are responsible to pay the
doctor the remainder.
TIP # 3 - Pay for Brand Prescription
Generic only plan are less costly than Brand and Generic Prescription Plan.
But you should be aware of the fact that for most critical illnesses,such as
cancer the prescription medication are mostly brand and non-formulary
prescription. If you have a generic only plan you are not covered. This can
be very costly, for example cancer prescription can be $ 2-4000 a months.
TIP # 4 - Go into Higher Deductible Plans - or Limited Doctor Visits
In order to offset the steep increases in health insurance premium, many
families increase the deductible on their plans. If you do this, start
putting each month $ 100 towards a saving account, so that you are able to
pay your bills when the unexpected happens. If you are not going often to
the doctor, I would recommend to use a plan with limited doctor visits but
keeping the deductible the same.
Remember if you are on deductible plans of $ 3500 or $ 5000, you might have
to pay yearly this deductible should you get a chronic illness. The
insurance companies will not allow you to go on lower deductible plans once
you have a critical illness. Are you comfortable with that ?
TIP # 5 Add Supplemental Insurance
To be prepared for the unexpected add a supplemental insurance. Add a
critical illness insurance, which will pay you a lump sum, if you have a
critical illness. Young families can add an accident insurance, for as
little as $ 40,- per month, or singles for $ 20.00 a month.
TIP # 6 Always Read the Out-Of Pocket Maximum
After the deductible is reached, you have to pay a coinsurance , which can
be as little as 20% - or as high as 50 % until you reach the “Out-Of-Pocket
Maximum” read what this limit is!
Tip #7 Contact Solid Health Insurance Service - Your Insurance Agent
In order to do our job properly we keep up-to-date with the newest insurance
plans and newest health care reform changes. We know, which plans have
loop-holes and we can guide you through the application process. Filling out
an insurance application can be very difficult. A meeting or telephone
conversation with us, will help you to successful guide your through the
process |
Health Insurance
