The cost of health insurance is a major reason why many people remain uninsured. There are many different plans offered by many different providers, which can make it hard to determine which one is the most appropriate. The following article contains some very useful advice that will help you navigate the health insurance maze, and find the best way to provide yourself and/or your family with much-needed coverage.
When buying health insurance, you must make sure to read all the fine print, and understand what is covered under the policy. If you have health insurance that protects you in these situations, it can make big differences in managing downtime.
Calculate all costs of health insurance prior to signing a contract. Build up a thorough understanding of the real costs presented by a particular plan, making sure to factor in the trickier factors like co-pays and flexible deductibles.
To save the most money possible on health insurance premiums, consider catastrophic coverage instead of a more comprehensive one. Catastrophic coverage does not pay for prescriptions, checkups, and so on, but only for emergency care or hospitalization.
During the phone interviews that health insurance companies conduct before granting coverage, don’t answer questions the company doesn’t ask. Answer only the questions they ask you directly, and keep your answers focused and short to offer nothing more than the specific answer. If you add any extra information, it will be notated in their records and could result in higher premiums or even a rejection of your application.
Weigh your options when it comes to choosing a health insurance plan type. HMOs and PPOs are common choices, but don’t count out POS plans just because of their acronym. Each has different options to choose from that you will need to research and decide on before purchasing. Be sure that you can continue seeing your current physician.
Check your health insurance plan to learn about what prescriptions are going to be covered under it. The list of covered prescriptions changes annually, so it is important to be certain that your medication is still covered.
Make sure that your health insurance plan covers pregnancy expenses before you get pregnant, and if yours doesn’t then you’ll need to find one that does. Some heath insurance policies do not cover some or all of pregnancy-related services.
Don’t forget that health insurance companies are trying to maximize their profits and may take advantage of people who aren’t familiar with the different policies that are available, so always make sure you know as much as you can. Use the advice from this article to arm yourself with knowledge when you need to buy or renew health insurance coverage, and get the most for your hard earned money.