subject: Research Your Insurance Needs Before You Buy [print this page] First time health insurance buyers will want to spend the time educating themselves on what insurance is available, what the rates are and what options they will be most interested in and how all this information compares with the competitors. Knowing basically what is going on concerning insurance policies, companies and rates will help you be ready for any confusion that might want to throw you off track and help you be a smarter and wiser health insurance shopper.
Underwriters are part of the screening process. You will be ask to honestly answer questions about your lifestyle habits and any risk hobbies that could increase your odds of injury or death. The underwriter will give you a rate estimate based on your answers and the options you are wanting to include in your insurance policy. Negative risk factors will most likely include drinking and smoking behaviors and even include airplane jumping.
The amount that a person pays to have health insurance is called the premium. It is something that you pay each month. This amount is directly related to the deductible amount that you choose. The deductible is the amount that you will pay for medical services before the insurance starts to pay for it. If you have a $2500 deductible then you will have to pay that much before the insurance company pays anything. The higher the deductible the lower the monthly payment will be.
If you have extensive monthly prescriptions that need filled; understanding the coverage you are considering buying will cover these important prescriptions will help relieve this potential and expensive monthly burden. Some will only pay for part of your needs, so be sure you are clear about what you are buying before you sign on the dotted line if it is less than what you need for health insurance coverage.
Finding the best insurance for your family is as easy as knowing what to look for and asking the right questions to help me make a better more informed decision before you buy. For a young family with a bright future, they might want to consider pregnancy coverage. Others will find that a PPO or HMO plan works best and is the most affordable coverage for them to meet their needs. You will find that health insurance is as important as the house your buy or the car you purchase.
by: Ethan Kalvin
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