Trying to choose between health insurance plans can be time-consuming. If you're lucky enough to work for a company that offers great plans, your choices are already narrowed down for you.
In that case, you're basically choosing among a few packages, and deciding what kind of deductible you could afford to pay, etc.
Obviously health insurance plans will differ from another, but it is up to you to find the one which suits you the best, given your individual circumstances. As insurance companies understand that no two customers are the same, they will want to tailor insurance plans to you personally. It is also important that you are content with any health insurance plans which you are given, so take a look at it carefully.
Remember: The lower the deductible, the higher your monthly premium, and etc. If you do not have a lot of money set aside (a few thousand dollars at least) for a high deductible, you might be better off paying the higher monthly premiums. If you do have a savings account for emergencies like illnesses and injuries, then you'll save money in the long run because your monthly premiums are less.
If you're one of the many Americans out there who are not lucky enough to be on company plans (which is the situation most of us find ourselves in), here are some tips for you:
- Check to see if you qualify for any group health insurance plans. Does your college offer a discounted plan for alumni? Does your professional organization offer something?
- Next, decide if you care whether or not you can see a certain doctor. If so, you need to look for a plan that includes that doctor (or hospital), or focus on finding Preferred Provider Organizations (PPOs) or Point of Service plans that allow you to go to doctors outside your plan (but you will have to pay extra).
- If you do not care which doctor you see, you can go for a plan that offers lower rates for staying within their system (HMOs). You will have to choose one Primary Care Provider within the plan, however.
- Go for a health savings account or self-directed health plan if you have a higher cost policy. You use the funds in your savings plan to pay down high deductibles and save a little money.
The best advice is to contact a company that offers free health insurance quotes. When you call in, they can talk you through all of the options that are available to you and that fit within your budget. Also you can answer they 're any questions you have about choosing the right health insurance plans for you.