When considering the purchase of health care there are several questions you need to ask yourself before you make a purchase. The first question you need to answer is how much you spend on health care in a given year. How often do you visit a doctor? If you find that frequent office visits are not your norm, look for a policy which leaves you to pay for doctor visits out of pocket. It will save you a great deal of money up front and still give you a discounted rate should you need to visit a doctor's office.
Determine your budget. How much can you afford? What have you got to lose? The last question is important because even a short stay in the hospital can wipe out an higher lifetime of savings. Any insurance is better than none.
Ask if your policy covers all the major conditions and whether there is a financial limit to that coverage. For instance today, a major illness like cancer can run up treatment costs that were inconceivable not long ago. Make certain the lifetime coverage is adequate.
Does the policy cover prescriptions? Many policies cover prescription on a teared schedule. Offering a copay based on different pharmaceutical categories. Some offer no coverage at all. Some offer a small discount while still others partially cover prescription costs after a separate deductible, or until a certain maximum is reached.
Do you have any pre-existing conditions? Make certain that any policy you're considering purchasing covers those conditions. If it does not, find one that does or decide whether you can accept having that condition not covered during an exclusionary period.
Is your doctor within the company's preferred in network? What doctors, what specialists, what hospitals reside within that preferred network? What happens if you are in need of medial care while traveling? Are you still within their preferred network? Are you still covered? Is there an additional deductible?
Does your carrier pay doctors and hospitals quickly? If it is regarded highly, the doctor's staff is more likely to favor those who carry those cards.
Is your insurance carrier in good standing with Standard & Poor's? What's their AM Best rating?
You should probably locate an insurance agent to help you. When dealing with an insurance agent find out if they're captive or independent. Independent agents represent a multitude of companies and are therefore far more objective when recommending a specific plan or carrier.
Find out about his customer service. What hours is he available to assist you with questions, claims and billing problems. A bad agent can be a nightmare, but a good agent can save you a good deal of time and money. A good agent can avert a disaster.