It is very easy to get confused when trying to decide what type of health insurance is best for you and your family. This list can serve as a guide to what is important to look at and understand when the time comes for you to purchase.
- Use the Internet to your full advantage. You should use an online independent insurance broker to purchase your insurance. Not only are their services free, but you will get the same pricing that the insurance companies offer direct to consumer. The insurance companies' pricing is approved by the state and cannot be discounted or increased by anyone.
- Quote and compare. You will be able to get quotes from multiple insurance companies for free. Never pay for a quote. Once you have seen what the market has to offer, compare similar plans from different companies. This will ensure you are getting the best price for the coverage.
- Premium, Deductible, Co-Insurance, Max Out of Pocket and Copay. These 5 items are the main factors in comparing plans. If you only focus on deductible and premium you are not looking at the whole picture. You will want to know what will happen if you have a $500,000 medical bill. What will you have to pay? You need to know the answer to this question and others before you buy.
- Apply. Once you have found plan that will meet your needs and you are confident you understand how it pays out in all situations, you are ready to apply. With most companies, you can apply directly online through the independent agent that you have been working with. If paper applications are what you desire, request that they be emailed, mailed or faxed to you. You should be able to fax back everything that you need.
Thank you for your time!