Health insurance is a must-have in the event you have a serious medical emergency. You never know when disaster will strike in the form of illness, accident or injury. If you aren’t prepared with a good health insurance plan, you could stand to lose everything. If you have a good health plan in place, you can rest easy that your expenses will be taken care of. You have a couple of choices when it comes to purchasing health insurance. You can go with an individual plan, or if your employer offers group insurance, you can save money by choosing that plan.
If you’ve just graduated from college and are looking to purchase health insurance for the first time, keep the following in mind. Perhaps you can get insurance through your employer. If you are younger than 26, you can remain covered under your parents’ insurance plan, or you can look into personal insurance plans too.
Many companies offer employee wellness programs that allow employers to save on health insurance. A lot of employers these days give rewards to their workers who participate in health and wellness assessments. By doing this, you can then enroll in fitness programs. This provides your company with savings on insurance coverage, which, in turn, reduces your premiums.
To save on health insurance costs, choose catastrophic coverage instead of comprehensive. Comprehensive plans cover every little prescription or doctors visit, while catastrophic covers only bigger bills like emergency room visits or hospital stays.
If you talk to a health insurance agent, don’t tell them anything they don’t ask for. If you have a condition and they don’t ask about it, withold that information. When you volunteer too much information, the result could be an increase in your premiums, or at worst, a complete denial of coverage.
You need to review your health insurance policy to see if any prescriptions are covered in the policy. Since this prescription list changes often, you should be sure to check it when you enroll again.
Before you decide on an insurance policy, make sure the doctors and hospital you use is covered. Finding a list of the doctors and hospitals that accept this insurance is as easy as checking the site of the insurance provider you are considering.
Health insurance can be dramatically cheaper if you purchase it through a group plan. This is why employers can often offer their workers cheaper health insurance premiums. The best way to avoid paying the high individual rate is by joining a trade group that offers insurance to its members at a reduced group rate.
Catastrophic health coverage is a good option for people who cannot afford a regular, comprehensive insurance policy, but want some kind of coverage in case of a sudden and unexpected accident, injury, or life-threatening illness. Catastrophic coverage is also a helpful addition to any existing health insurance because it will cover extreme circumstances that other policies might not.
When you are comparing insurance plans, you may see that you will pay less with a group plan, but if you have an individual plan you will have more choices. These days, health insurance is mandatory. To not have health insurance coverage in today’s world is just asking for trouble. Even a seemingly minor incident could drain you financially. Be smart, and research health insurance today.