There is a misconception that health insurance is only for elderly people or those who are privileged. However, simply hoping not to fall ill is far from a wise strategy. Not having health insurance can lead to financial ruin in the case of serious disease or chronic illness.
There are plenty of options for you if you have just finished college and you are looking for health insurance. If your place of employment offer insurance, take advantage of this benefit. Other options include personal insurance plans, as well as being included on your parents’ health insurance plan if you are below 26.
See if there’s an employee-wellness program with your company that could possibly save you money on health insurance. A lot of employers have incentives when their employees have their lifestyles and health assessed. You might be able to find fitness programs that will help your employer save money on insurance coverage, which will lower your premiums.
Reevaluate your insurance plan during your open enrollment period to make sure you are getting the best coverage that meets your needs. Your current coverage may no longer be adequate if your health conditions have changed or if you need coverage for a new family member. Remember to make any necessary adjustments to your vision and dental plans during open enrollment as well.
When you have to purchase your own plan, you will have to pay more than if you were enrolled in a group health insurance plan, so plan for that price. You might need to choose a higher deductible and reduce some parts of your coverage to keep the costs affordable. Get quotes from several different insurance companies to find the best rates and coverage.
You can lower your premiums by choosing a catastrophic coverage option instead of a comprehensive one. Comprehensive health insurance covers everything, whereas catastrophic coverage only covers a visit to the emergency room or hospital care.
If you receive a telephone call from a health insurance provider during the application process, do not volunteer information. Only give out information that they specifically ask for. Giving extra information gives them more reasons to raise your rates or deny coverage.
Opting for generic, rather than name brand drugs, will save you money. There are only rare times you can’t get generic medicine, and most studies show there is not a measurable difference between brand and generic, save the name.
Private insurance can not be bought across state lines, as it is regulated by your home state. This could mean that you are not covered if you need to visit a hospital out of state. Insurance companies will use any excuse to deny coverage, so make sure you know what your policy says before you travel.
With any luck, this article has given you some great reasons to cover yourself with health insurance. Plan now to avoid facing a health catastrophe without adequate coverage. This is why it is so important to protect yourself ahead of time by finding the insurance you need. Consider health insurance as an expense necessary for you and your family.