If you or one of your family members is ill or injured and you’re uninsured, it can be a huge hit to your finances when you need to pay for medical bills. So, finding affordable health insurance that includes everything you need is key. The healthcare shopping process is easy to put off, simply because of the overwhelming amount of information you need to gather and comprehend.
Health Insurance:What do you need?
There are a variety of health care plans, but it’s up to you to decide if you want a basic or comprehensive plan. Some plans won’t include hospital stays, leaving you to pay out of pocket for those. Other plans will include all surgeries or hospital stays, maternity costs, routine doctor’s visits, and more – but you have to expect to pay more for those types of plans. Determine the most necessary things you need out of your healthcare plan straight away, and then start checking prices.
Health Insurance:So where do you start?
Obtaining a free health insurance quote is a great way to begin your search. Start researching health coverage online and narrow your search to a few companies that look appealing to you. These companies more than likely offer prospective customers free quotes. When you get these quotes, analyze them closely. Organize them in a way that works best for you, but we recommend doing a side by side comparison, looking closely at what you get for the money.
Health Insurance:What should you pay?
There is not a magic number here on what you should pay for a good health insurance plan. However, these terms are the ones that you should most pay attention to when shopping around for plans:
-Out of pocket maximum
Look up these terms when you’re shopping for health care and make sure you understand what each one is in respect to the plans you are considering. In general, these costs are dependent on whatever plan you decide on. Out of pocket maximums can vary – it might be $1,000 for an individual or more than $11,000 for a family. Or, if your employer covers a portion of healthcare costs each month and you end up paying more out of your monthly paycheck to cover the remaining, you may have lower co-pays or no deductibles to meet.
How can you save money on healthcare?
Healthcare can be costly, but there are ways to avoid unnecessary costs. For example, if you or someone in your family is ill, instead of going straight into the doctor for an exam, call the nurse advice line (most healthcare plans have this option included). You can describe your symptoms or issue to the nurse on call, and they can give you the advice you need to determine if you need a doctor’s intervention or not. In addition, if you decide that you need to see a doctor, can it wait for an appointment, or do you need to go to urgent care or the emergency room? Emergency room visits are usually very expensive, so if it’s not serious or life-threatening, try to make an appointment with your doctor instead. This can save you big bucks!
The more you know about your options, the better choice you’ll make. The most expensive health care plan doesn’t always mean that you’re getting the best care. Instead, look at the quality you’re getting for your money and what tools and resources you will get when you sign up. Your health and the health of your loved ones is worth the research, time, and money spent!
Tom Channell works for Freedom Health Insurance, a leading provider of private medical cover, travel insurance and company insurance.