It can be risky to live without health insurance if you get seriously ill or experience a trauma, such as getting a concussion or breaking your leg. It’s better to have a good health insurance plan, so read on for tips to help you choose the correct policy to protect not only you, but your family, as well.
Your first step in acquiring a new health insurance package should be crunching the numbers and coming up with a rough estimate of the total costs involved. Add up the total costs, not just the premium, because co-pays and deductible costs will add up pretty quickly.
If you’ve just graduated from college and are looking to purchase health insurance for the first time, keep the following in mind. You may be able to get health insurance from your employer, if you have one. You can get on your parents’ insurance if you’re under 26, in which case, you can also use that time to research plans.
Check out your company’s wellness program, if they offer one, to save money. A lot of employers give out incentives for their employees in order to have their lifestyle and health assessed. Your company saves money on its portion of employee health insurance if the employees remain healthy.
Buying individual coverage typically costs more than the group insurance employers provide, so have your expectations set accordingly. You may have no choice but to settle for a higher deductible and/or reduced coverage. It is always a good idea to get quotes from several different companies, to ensure that you are receiving the best possible deal.
It is wise to look over your prescription insurance plan at least once a year. Which medications are covered by your insurer, and which are not, can change regularly. Make sure you are aware of any changes your policy may be making before you decide to sign up again. If you take a medication daily that is not covered anymore by your insurer, you may need to find a new insurance company — fast.
Do not volunteer personal information to health companies who call to solicit services or ask for applications. Give them only the information they directly request, nothing more. 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.
Despite the kind of coverage you’ve got, you can save money by getting generic drugs. There are only rare times you can’t get generic medicine, and most studies show there is not a measurable difference between brand and generic, save the name.
Make the decision on a health insurance plan that is best for you. You can select a POS, HMO or PPO. Each offers their own unique benefits and shortcomings which must be considered before choosing which you want to go with. Just be sure to go with one that lets you keep your current physician.
If you plan on getting pregnant in the near future, it is important that you get a health insurance plan that will pay all of your expenses, from pregnancy to labor and delivery. You need to know this because there are health insurance plans that don’t cover all parts of pregnancy and labor.
Some employers do not let your spouse ride on your insurance without a spousal surcharge if your spouse’s employer also offers insurance. It is possible that it is simply more affordable with two separate policies, so compare all scenarios.
It is important to have health insurance because anything can happen. At any time you could get sick, or something worse can happen, such as a car accident. As you look for the most comprehensive health insurance policy available, use these guidelines to protect the safety and health of yourself and your family.