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 you think about registering for medical coverage through your employer, keep in mind your personal health status and that of your immediate family. If you have no current medical issues and are in good physical shape, a cheaper premium and higher deductible may be the right choice for you. This will save you money right away, but may end up costing more if any problems arise in the future.
If you just graduated college and need insurance, there are some choices for you to think about. If you are employed, you can get health insurance through your job. If you are younger than 26, you can remain covered under your parents’ insurance plan, or you can look into personal insurance plans too.
Check with your company’s human resources department to see if you qualify for a wellness program for employees. Employees who are willing to go in for a checkup may be eligible for discounts. By signing up for a fitness program, you can reduce the cost of your health insurance and save money on your premiums.
Be sure to take a close look at your needs and concerns when it comes to your open enrollment period. What worked for you in the past might now be inadequate, especially if your health has changed or you need to add someone to your coverage. During the period of open enrollment is when you can make changes to vision and dental insurance if that is something your employer offers.
If you are contacted by an insurance carrier in conjunction with your application, do not give information for which they did not ask. Only give them the health information they specifically ask for. If you volunteer extra information they will make a record of it, and may use it to raise your premiums, or even deny you insurance coverage at all.
Generic drugs will always save you money regardless of the type of health insurance coverage you have. Generics are available in most cases and contain the exact same ingredients as a brand name.
Interstate commerce laws prevent you from getting a policy designed for another state. This can restrict you from being treated at hospital which is out of your state, because your expenses might not be covered. Make sure to check with your insurance provider about these gray areas.
Make sure the doctors and medical facilities you routinely use recognize the insurance you are considering before you sign up with the plan. Simply check the insurance company website for a list of hospitals and doctors that are in the network of the insurance provider.
Find out if the company will charge you to have your husband or wife on your plan or if it is easier for them to do it through their own work. You may be able to save a little money if you each get health insurance through your own jobs, so be sure you figure out the cost for both scenarios.
The Health Savings Account (HSA) option is likely the best choice for you if you rarely visit the physician. The funds that save for deductibles and premiums can go into your HSA account and be used for all of your medical expenses.
A recommended option for those who can’t afford regular, comprehensive policies but need coverage in the event of an unexpected injury, accident or life-threatening sickness is catastrophic health coverage. Even if you have insurance already, catastrophic coverage can provide extra protection against unusual events.
You do not want to wait until you are sick or injured to find out about what is covered and not covered under your health insurance policy. Be prepared, learn ahead of time everything you need to know about your insurance, and find out what alternatives are available. You may find out that you have poor health insurance, but that is something that you can rectify at any time!