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 are a recent college graduate and you are looking into health insurance, there are a couple of options for you to consider. If you have a job, you can use their employee-based insurance. If you are not yet 26, you can remain on your parents’ health insurance, though you may want to look into getting your own coverage.
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. Open enrollment also gives you the opportunity for making changes to other plans, such as dental or vision.
If you have a family history of needing vision correction, or if you have already been prescribed glasses or contacts, it’s important to include vision coverage in your health insurance plan. The insurance covers all or most of your check-ups plus contacts or glasses. This kind of coverage is not mandatory, and those that purchase it, but do not need it, may wind up spending more money than those who don’t get it.
A cheaper alternative to comprehensive insurance is catastrophic coverage. While comprehensive has more benefits, catastrophic only covers emergency care and hospital care.
Do not volunteer any information if you get a phone call from an insurance company. Give them only the information they directly request, nothing more. Any extraneous information that you provide can be used to increase your premiums or deny coverage.
Check with the doctors and hospitals that you use and make sure you will be able to keep going to them under the insurance policy you select. Check your new insurance provider’s website. Often, insurance companies post a list on their websites of doctors or health care facilities that accept their plans.
If you are thinking about becoming a parent, look at your health insurance and make sure they will cover your expenses throughout the pregnancy. The reason you must be careful of this is that many insurance plans do not pay for everything involved with giving birth.
A good money-saving health insurance tip you can use is to start an HSA – Health Savings Account. This is especially good if you do not visit a doctor all that often. You could put any money that you would have been using to pay deductibles and premiums into your HSA to use for medical expenses.
Even if you have a pet that lives indoors, it is still a great idea to get them pet health insurance. There could always be hazards with accidental poisoning and injuries from being indoors, or of course, your pet could always get out and have something happen. Even inside, pets can suffer broken bones or teeth from a fall.
Comparing private insurance premiums with group rates can be discouraging, but the benefits of individual insurance might be worth the cost. It is crucial that you have some kind of health insurance protecting you. Being uninsured could cause severe financial hardship at a moment’s notice. It’s too easy to experience something unexpected that may leave you broke. Be smart, and research the options for health insurance that protects you and still fits within your budget.