subject: Cheap Health Insurance [print this page] Health insurance is an investment for your future, and insurance is an incredible safety net for all emergencies. To safeguard your health and health related problems a proper health insurance plan is a must. The importance of health insurance is such that, finding a cheap health insurance plan may seem like an impossible task. Worrying about your health as well as your health insurance sucks, here are some tips to help you along the way.
Employer Plan
If you are insured through your employer, you will find that this is the best and cheapest way to get health insurance. You will have a variety of plans to choose from; while choosing, double check what the plan covers and does not cover. You can get the best deals if your medical needs have changed or you are someone who needs to pay the doctor frequent visits.
Familiarize
The concepts in the insurance policy maybe confusing. Hence before purchasing your insurance, familiarize yourself with terms such as Health Maintenance Organization (HMO), Preferred Provider Organization (PPO), deductibles, maximum deductibles, Medical Information Bureau, rider, out-of-pocket expenses etc. By doing this you will know exactly what you are getting for your money's worth and wont get suckered into a deal that you don't need.
Comparison Shopping
Turn to the Internet at times like this. With a wide variety of health insurance plans all around you, a great way to compare them is via the Internet. Those of you who have chronic diseases or a long medical history can opt for a policy with lower co-pays, which will in turn result in an increase in your monthly premiums. With some time invested in your search, you can easily get a very good individual plan.
Pick up the phone
After you have shortlisted the companies, pick up the phone and ask them for a couple of quotes, you can easily talk and negotiate. You will actually be surprised by how much you can save, by paying for only those services you need and not an entire package.
How much is too much?
You need to decide how much you are willing to pay for the insurance. This is a business arrangement, where the insurance company handles the risk if you are willing to pay the cost. If you want the insurance company to handle the major issues alone, and you can handle small expenses such as colds, flu, etc you can easily reduce your premium. While you do not want coverage for every single health related problem, you should also not be in a position to go bankrupt in case you are hospitalized.
Question
Many people make mistakes by just not questioning the clauses that they do not understand in their policies. Worse, most of them do not even read the policy after receiving it. It is important to know your policy in and out, as you need to be clear on any vague concepts in the plan. Even if you have received the plan, there is still time to call and clarify any doubts you may have.
Reputation
The reputation of the company that you get your policy from is very important, make sure that it is a company that will be around when you need it. Hence the stability and dependability of the organization are very important.
Group plans
For those who are self employed, an individual plan may be too expensive. By joining some small business association, sign up for some group plans and you can save considerably.
Review
If you have already bought the plan, you need to go through the existing policy in detail and make sure it matches to all your needs. As premiums go up, health standards change and medical benefits alter, make sure you and your family are getting the best out of your health insurance policy.
by: SherlockSmeath
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