What exactly should you be looking for when comparing health insurance plans? Of course you will want to take note of how much the premiums are going to cost you. This is usually the first thing that most people look at. You’ll also want to take a close look at what the health insurance plan that you’re considering covers. Not all plans are created the same. Does it include hospital care? If so, up to how much? Does it include ambulatory care? If so, how much? Does it include prescription drugs? If not, why? Also, if it doesn’t cover prescriptions, how much additional would it cost to have them included?
How much is the deductible? The deductible is the amount that you’ll have to pay out of your own pocket each year before the insurance company will pick up the tab. An example of this would be, let’s say that you took a fall and hurt your arm. You went to the doctor and he wanted to get some x-rays done to see if it was broken. After determining that it was, they placed you in a cast, gave you two prescriptions and sent you home. Three weeks later you get a bill from the doctor and the hospital. The total between the two bills is $1,400. In this case, if your deductible was less than $1,400 then you’d have to pay that amount and the insurance company would pay the rest. If your deductible was more than that amount you’d have to pay for it all yourself.
If you have been looking into getting a health insurance plan for yourself or your family, these are some of the questions that you’ll need to be asking, along with many more. Do the proper research before signing anything and make certain that you’re are very informed about the type of coverage that is included in your new health insurance plan.
