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| Popular Health Insurance Questions | How much does it cost?
In addition to the monthly premium expense, you may have other out-of-pocket costs. These costs can really add up, especially if you have children or other family members who often visit the doctor. Check to see if your health insurance plan requires you to pay any or all of the following:
• Deductible: The amount you'll have to pay toward your medical expenses (usually annually) before the insurance company begins to pay claims (generally required by indemnity plans).
• Coinsurance: The percentage of your medical costs you'll have to pay after you reach any deductibles that apply.
• Co-payment: The amount you'll have to pay each time you visit a health insurance provider (generally required by HMOs).
Where can you get health insurance?
You may get health insurance through a group plan by buying a personal plan on your own or at work, or through another group association. By buying a personal plan on your own, you may even be able to modify the health plan. Shop online to evaluate rates from some companies to find the best plan and rate to meet your needs.
Which plan is the best?
The best health insurance plan for you is the one that offers you the greatest flexibility and the most advantages for the lowest cost. Unluckily, there is no such thing as a standard health insurance plan. You should shop around and get some quotes before choosing a plan. Here are a few points to choose:
• Does the plan cover the health services that you need?
• Does the plan propose individual, coverage?
• What co-pays, deductibles, and coinsurance obligations apply?
• Does the plan cover pre-existing conditions? If so, is there a waiting period?
• Does the insurance company have a good reputation in the industry and a positive rating from a main ratings association?
• Does the plan cover the health-care providers you are presently using?
• How much independence do you have to choose your own health-care providers?
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