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.
When you’re looking at the health care plans that your employer offers, consider both your family’s health and your own. This may lead you to purchase insurance with a cheaper premium if you do not have any anticipated health issues. Although the premiums are lower, you may be at risk if problems arise.
Figure out the costs before getting your own health insurance. All the different parts to a policy like co-pays, premiums and deductibles can be confusing, so make sure that you understand it all before you purchase anything.
Having finally graduated from college, it’s time to start checking into things such as health care coverage. If you’ve got a job, use the employee-based insurance it provides. If you are younger than 26, you can remain covered under your parents’ insurance plan, or you can look into personal insurance plans too.
In order to save money, consider getting catastrophic coverage instead of comprehensive. Catastrophic coverage is for emergency visits and hospitalization, while comprehensive coverage help pay the cost of doctors visits, prescriptions and mental health care.
Don’t give out unsolicited information when an health insurance provider calls you during the application process. Just give them answers to the specific questions they ask you. Even if they are legitimate, the information you provide will be recorded and can be used to spike up the premium you pay each month.
Also check to see if the doctors and hospitals you are comfortable visiting accept coverage from the insurance company you are considering. 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.
Be sure to review your bills carefully. Even with an insurance plan, you might find yourself having to pay expensive bills, especially if you have to buy prescription medication. Some doctors will write out their prescriptions with the name brand only, never thinking of the generic. Make sure you explore your options. The amount that you will pay for the generic medication may be more at one pharmacy, and less at another.
For those who do not have the money for a regular and complete health insurance policy, but would like to be covered for unforeseen accidents, injuries or a serious illness, catastrophic health insurance is a good alternative. It’s a great addition to your portfolio too as extra coverage for extreme circumstances.
When comparing group and individual policies, it is easy to notice that more options are available with an individual policy. In either case, the important thing to keep in mind is that you should have at least some form of health insurance. These days, you’re flirting with financial disaster if you don’t have health insurance. Life can come at you fast, and any sudden illness or accident could find you draining your life savings in no time at all. Be wise, and research your health insurance options today.