When you are buying around for health care coverage, you are going to have to do a little thinking, a little planning, and a lot of legwork. The truth is that getting a health insurance plan is unlike getting any other service in today’s society. Not only are there many different carriers, but each carrier has a number of different plans with different benefits and different rates. Also, no two people will have the same exact plan, since payments always differ depending on health and income. This all adds up to a complex formula. Is there any easy way to get the best coverage available for you? Unfortunately, there is not. The good news, however, is that with a few tips you can be on your way to making some smart and educated decisions. The first things you will want to think about are premiums and deductibles.
When many people think about health insurance rates, they think one steady price. Sadly, it is never this easy. You have to be aware that premiums and deductibles are not the same thing. As a general rule, when one goes up, the other goes down. As to which plan you choose, this depends largely on what your needs are. If you pick a low premium, you will be paying very little per year, or whenever you have arranged your premium payment. When you end up in the doctor’s office, however, you are going to end up paying an astronomical deductible.
What’s critical to remember about premiums and deductibles is that you should pick payments and rates that are going to work for your income and health. In other words, if you are in great health and don’t think that you will need to go to the doctor’s office very often, then you will probably be able to get away with a low premium for awhile. If you know that you will be going in for tests and treatment, however, then you are going to want to make sure that you have a reasonable deductible.
This may be an oversimplification of premiums and deductibles, but this explanation makes for a good starting point. Your next step should be to find out what kinds of plans are available to you by getting some free quotes online. There is no better way to find out what kinds of rates you will be looking at. This is also the best way to get great, affordable coverage.
Sean L Johnson is a journalist for Health Insurance Buyer a referral service that refers consumers to the insurance carriers that can best fit their wants and needs. Get a free Health Insurance Rate today, you can save up to 50% on your monthly premium.