When shopping for individual health insurance plans, it is important to remember to do a careful analysis of the plans, as well as a comparative study of the quotes provided by the companies selling health insurance. This way, you will not only make an informed choice, but you will also rest content in the fact that your patience has borne fruit in the form of saving hundreds and thousands of dollars.
The task itself is not difficult. Search online and you will come across many companies offering attractive packages to woo the buyers. But, you must remember that on the face of it, the plans and the quotes they suggest may seem to be the perfect answer, but it is only when you do an in depth analysis, you will come to know of the loopholes and drawbacks associated with each plan.
Approach the companies who are willing to give you a patient hearing and explain to you in detail the pros and cons of all the plans. To understand them, you need to be familiar with terms such as premiums, co-payments, deductibles, and coinsurance.
The companies should also provide you their quotes listing the details of each plan. This means that they should list the benefits such as diseases covered, preventive health care, coverage of prescription drugs, visit to doctors, lab tests. Then, you should also keep in mind whether the plan only covers you or your family also.
The best way to decide a reliable company is to visit your state health department, who will be able to advice you not only on the plans but also on the companies with a spotless reputation. You can also get an idea of the companies that have been blacklisted for some reason.
You can also talk to your peers and friends and see if they have bought health insurance and if they are satisfied with the companies they have shopped from.