subject: Texas Medical Insurance – Answering Some of Your Questions about Texas Medical Insurance [print this page] Texas Medical Insurance Answering Some of Your Questions about Texas Medical Insurance
One of the common questions about Texas medical insurance is "what sorts of policies are available?" In Texas, there are several options available in individual and family health plans. Three of the most common are the traditional full coverage plans, the catastrophic coverage policies, and the high deductible health insurance plans. These options provide varying levels of coverage at a wide range of premium costs. You need to evaluate your coverage requirements and budget restrictions carefully before you select a policy. A good insurance broker can help you with the decision. Another common question about Texas medical insurance is "what factors go into how much you pay for a policy?" Premium costs vary widely based on a number of factors. One major factor is how much risk you pose to the insurance company. Smokers will pay more than non-smokers will. Those in poor health will pay more than those in good health will. Another factor is your location. If you live in a rural area you will pay less than someone in an urban area will. The type of coverage also factors into the final cost you pay in premiums. It is important to understand all of these factors when selecting health care insurance.
Some people are starting to ask, "What are the differences between traditional full coverage plans and high deductible insurance plans?" Traditional full coverage plans provide coverage for preventative care as well as covering medical costs associated with accidents and sudden illnesses. Most high deductible plans do the same. The largest difference between these policies is the amount of out of pocket expenses the covered individual must pay. With a high deductible plan, you have to cover the significant deductible before the Texas medical insurance plan covers anything. Some of these policies, though, do provide basic preventative care without meeting the deductible.
There are others wondering, "Can an insurance broker get better prices than I can?" According to Texas law, insurance companies cannot charge more for a policy opened by a broker than opened by an individual consumer. This means you get the same price regardless of whether you purchase it online or through an insurance broker. The advantage to using an insurance broker is the broker has access to multiple companies quickly. A broker can pull quotes from several companies within minutes in order to find the best deal in Texas medical insurance for you. Use their services to save time and money.
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