Looking For Affordable Health Insurance Coverage?
Looking for low cost health insurance for personal or family plans can be difficult. Listening to those agents saying the same thing over and over can be frustrating with no real results for an affordable health insurance. Several providers have the same rates in their medical plans. The best tool you can use is to be aware of the options when it comes to health care.
Fee for Service: A conventional and affordable health insurance wherein there’s a deductible and copays and the remaining and agreed amount shall be paid by the provider. The DRGs or the Diagnostic Related Groups will send an insurance table to the participating doctor that has the list of the allowed medical service.
Network plans: There are two basic network plans – PPO and HMO. The PPRO (Preferred Provider Organization) allows you to visit a doctor within their list of networks with no referrals needed. The HMO (Health Maintenance Organization) needs you to pick a main physician who becomes a gate-keeper. These plans are cheaper. HMO’s aim is to manage the insured’s cost while taking care of their health. Despite the restrictions, they encourage accountholders to see a specialist only when necessary to avoid higher costs.
Ask assistance from Agent. Ordinary people do not have a full understanding of health insurance policies and premiums. Sometimes they get persuaded to purchase an affordable health insurance over the phone by very persistent telemarketer. Never buy one over the phone! Most of it is not legitimate. It’s best to work with an agent assigned to you by a legitimate provider. Make sure that you understand the costs and the policies. Discuss with your agents before and after you purchase an affordable health insurance. But don’t stop there. If you know someone who has knowledge about affordable health insurance, talk to them about it.
Employment Health Insurance. The most affordable health insurance is those provided by a company. The employers pay more on a group healthcare compared to your personal health insurance but they can deduct premiums as a business expense without the need to report the need as a taxable income. Another benefit of employment health insurance is that it doesn’t discriminate on your age, health condition, etc. Though, people with pre-existing conditions such as heart ailments, diabetes and other serious diseases might be in a waiting list.
Indemnity Plans: These are not medical insurance. These types of plans pay you directly for certain situations. Companies offer from time to time cancer insurance, dental, hospital indemnity and urgent care plans, etc., for the past years. The indemnity plan offers to pay you an agreed sum of money under approved events. Two plans that you should consider purchasing which is equivalent to an affordable health insurance is the hospital indemnity and cancer plans. They are not considered as insurance so any providers allow you to buy this type of plan while enrolled on their policy. Don’t confuse them with insurance, they don’t serve as a replacement but are great add-on to minimize cost in cases of emergencies such as accidents and illnesses. Indemnity plans pay faster than your usual insurance providers too.
These are just some options when you are looking for an affordable health insurance in the market. Incorporate the ideas to your needs and budget.