BUYING HEALTH INSURANCE AS A FAMILY is like sitting around the coffee table putting a puzzle together. But instead of one possible outcome, the pieces can fit together to make an album of finished puzzle pictures. The strategy, however, is no different. The key to completing the puzzle is to find the corner pieces or flat-sided pieces so you can fill in the middle accordingly.
The corner pieces to your health insurance puzzle represent the make-up of your family. How many members are there and what is your budget? A Family Health Insurance plan can start with just two people. It is very common for a party of two or more to purchase a "Family" health insurance policy assuming their will be value-added benefits in terms of cost and coverage. In fact, the opposite is usually true. The overall benefits might be greater when you split the plan up if your family has three or less members.
Often times a family policy for two people can cost more in monthly premium than two separate policies combined. Plus, the deductibles and limits per person don't change. A family of three will be somewhat similar. A family can really start to save money on purchasing a plan together when there are four or more members because the monthly premium stays the same after three family members and the combined yearly deductible can decrease.
The flat-sided pieces to your puzzle represent the needs of each family member. Some health insurance plans are more appropriate for males and others are more appropriate for females. Plans that don't include maternity benefits can cost much less in monthly premium, often have low or NO deductibles, and can usually only be purchased by an individual. Some of these plans are even appropriate for women because they have an "escape clause" that allows the member to slide into a high-deductible maternity plan should she become pregnant.
How does your puzzle look now? It is time to fill in the middle and complete your puzzle. The final piece to this puzzle is your health insurance agent. Your puzzle's picture can change from year to year and your agent's job is to help you solve it.
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Showing posts with label Finding a Health Insurance Plan. Show all posts
Showing posts with label Finding a Health Insurance Plan. Show all posts
Wednesday, February 27, 2008
Monday, January 28, 2008
California Health Insurance: The Keys To Finding The Most Appropriate and Cost-Effective Plan
CALIFORNIA'S HEALTH INSURANCE MARKET has unveiled many cost-effective health insurance plans. With a little bit of research consumers can save a significant amount of money each year by securing the most appropriate health insurance plan for themselves, their families, and their employees. In the end, they might just have more positive feelings about California's health care system.
Despite the highly visible social action efforts taking place in Sacramento to heal our health care wounds, it is likely that big changes are still a while away from taking effect. So, in the next few years there is a lot that you as employers, individuals, and families can do to quell the negative reputation that the health care system gets and start making the insurance process work in our favor.
In this age of internet shopping, more and more people each year are purchasing their health insurance plans online without knowing which plans are most appropriate for them. Most choose the health insurance plan that has a low monthly premium, but later find that this plan doesn't fit their needs or the needs of their loved ones or workers. As a result, the costs can be much greater in the long run. Usually, the most appropriate health insurance plan will end up being the most cost-effective health insurance plan, even if it isn't the plan with the lowest monthly premium.
Finding the most appropriate and cost-effective health insurance plan can be accomplished through a few simple steps:
1) Contact a professional health insurance agent from a referral or call the agency that you find online
2) Ask the right questions:
a. What is the difference between a PPO and an HMO? Which one would benefit me the most?
b. What is a deductible, co-pay, coinsurance, maximum out-of-pocket limit?
c. If I have pre-existing conditions, how will that affect my family's rate and approval probability?
d. Should I sign up separately from my family?
e. Are there $0 deductible plans available? Would this be appropriate for me? Why? Why not?
f. If I get declined, what are my alternatives?
g. Which plans am I more likely to be approved or declined for?
3) Learn about the different types of health insurance plans in the market. This will only take a few moments to understand.
Becoming educated about the health insurance market is not as daunting, as difficult, or as time consuming as most of us are afraid of. In fact, a trustworthy and professional health insurance agent will be able to help you narrow down your choices so that you may choose the most appropriate plans for you, your family, or your employees in just a few minutes.
The next time you are searching for health insurance in California, please take the above suggestions to heart. Asking the right questions will make you a more proactive, educated, and responsible consumer and the knowledge that you gain will not only help you to find the right health insurance plan, but will relieve you from future aggravation and will save you valuable time and money in the long run.
Click here for your free California Health Insurance quote!
Despite the highly visible social action efforts taking place in Sacramento to heal our health care wounds, it is likely that big changes are still a while away from taking effect. So, in the next few years there is a lot that you as employers, individuals, and families can do to quell the negative reputation that the health care system gets and start making the insurance process work in our favor.
In this age of internet shopping, more and more people each year are purchasing their health insurance plans online without knowing which plans are most appropriate for them. Most choose the health insurance plan that has a low monthly premium, but later find that this plan doesn't fit their needs or the needs of their loved ones or workers. As a result, the costs can be much greater in the long run. Usually, the most appropriate health insurance plan will end up being the most cost-effective health insurance plan, even if it isn't the plan with the lowest monthly premium.
Finding the most appropriate and cost-effective health insurance plan can be accomplished through a few simple steps:
1) Contact a professional health insurance agent from a referral or call the agency that you find online
2) Ask the right questions:
a. What is the difference between a PPO and an HMO? Which one would benefit me the most?
b. What is a deductible, co-pay, coinsurance, maximum out-of-pocket limit?
c. If I have pre-existing conditions, how will that affect my family's rate and approval probability?
d. Should I sign up separately from my family?
e. Are there $0 deductible plans available? Would this be appropriate for me? Why? Why not?
f. If I get declined, what are my alternatives?
g. Which plans am I more likely to be approved or declined for?
3) Learn about the different types of health insurance plans in the market. This will only take a few moments to understand.
Becoming educated about the health insurance market is not as daunting, as difficult, or as time consuming as most of us are afraid of. In fact, a trustworthy and professional health insurance agent will be able to help you narrow down your choices so that you may choose the most appropriate plans for you, your family, or your employees in just a few minutes.
The next time you are searching for health insurance in California, please take the above suggestions to heart. Asking the right questions will make you a more proactive, educated, and responsible consumer and the knowledge that you gain will not only help you to find the right health insurance plan, but will relieve you from future aggravation and will save you valuable time and money in the long run.
Click here for your free California Health Insurance quote!
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