The most important way to get the most out of your health insurance plan is to Seek the services of an experienced health insurance agent.
It doesn’t matter if you are healthy and looking for the bare minimum coverage for “just in case”, or currently unhealthy and requiring a major medical that is rich in benefits; you should consult with a licensed health insurance agent about your healthcare options. It’s important to have the guidance of a seasoned agent throughout the entire purchasing process. Because choosing a plan that doesn’t properly align with your medical needs and lifestyle can be financial suicide.
Prices of medical facilities and procedures are at an all-time high, you need to make sure you have the best coverage for your budget, preferably a plan that will cover your major medical events, especially hospitalization, prescriptions, and preferably your mortgage & utilities in the event you need to use your health insurance.
Even if you are happy with your current health insurance, its best to review your coverage yearly to make sure you are receiving all the discounts you qualify for and review any gaps in coverage you may have. It’s better to have the conversation about your gaps in healthcare coverage before you walk into a major medical event, understanding your plan’s strengths and weaknesses is key to safeguarding yourself against uncovered medical bills.
When you are choosing a health insurance plan, don’t forget to consider the size of your deductible. And take into consideration the co-insurance & out of pocket maximum. It may be tempting to select a larger deductible in exchange for lower premiums, but keep in mind that you will be responsible for that amount if or when you have to use your health insurance.
There are many deductible products that can help offset the cost of your deductible, if you are consulting with an agent, they might recommend comparing the option of adding something to supplement your deductible versus the cost of a monthly premium with a lower deductible. In many cases, a supplemental plan to protect you from your deductible is a better & cheaper option than lowering your deductible. The cost difference is usually substantial.