How to Choose Your Health Insurance Provider

Choosing a health insurance provider can be a challenging, time consuming and frustrating activity. Insurance is just one of those things we all would rather not think about.

When you need to, choose carefully, because when the need for coverage does arise (and it will) be sure you have the right kind of coverage.

So, which provider and plan are right for you and your family?

Many people are disappointed to discover that health insurance is either not offered by their employer or that the coverage does not meet their needs. Some folks are self-employed and do not have access to employer provided benefits. If you are self employed or if your employer’s plan doesn’t meet your needs, choose your own health insurance provider!

Do some research with a professional insurance agent and compare what is offered by plans that you can get on your own. You may be surprised that you can get affordable coverage that is more appropriate for your family’s health circumstances.

When looking, consider the following:

• First of all, are you eligible? Yes, you must qualify for health insurance.
• Will you be rated up as a result of a pre-existing condition?
• Be aware! Websites provide rates for “Preferred Clients” – people with excellent health. If you are taking any medication, you are likely to be charged more.
• If you have a pre-existing condition, how long before it is covered?
• What kind of a plan is it? HMO? PPO? HSA?
• Check out the terms used! See Glossary of Terms on this Blog.
• If it’s a PPO, what network? Is your doctor in the network? How big is the network?
• Is an HSA (Health Savings Account) offered? What are the details, if so?
• How much does it cost on a monthly basis? Are the rates fixed or variable?
• What is covered: Office visits? Accidents? Hospitalization? Prescriptions?
• How much does a plan cost without doctor visits? The difference may surprise you.
• Does it include dental, and vision?
• What kind of deductibles and co-payments are available? If you are older, consider a higher deductible.
• Must you make a commitment for more than 30 days?
• When are you able you modify your plan?

Putting It All Together
Finally, review your notes and compare. Follow this process and you will be sure to find affordable and comprehensive coverage that will match your personal insurance needs. Remember to do this once every year or so. Plans change, get the best for the least to meet your needs.