Having quality health insurance is an important part of staying healthy. Read this article to find out how you can choose and keep the best health insurance policies.
If you have recently graduated from college and you need health insurance, you have a couple options. You can use employee-based insurance if you’ve got a job. Or, if you’re under twenty-six, you can remain on the insurance plan of your parents.
To save money on your health insurance, see if your company offers an employee wellness program. A lot of employers offer incentives for employees for having their lifestyles and health assessed. Then you might be eligible for a fitness program that will help your company save on its insurance, and in turn lower your premium.
It is important to review your health insurance policy each year during open enrollment. Life changes quickly and today’s coverage may not meet your needs due to adding someone to your family. Open enrollment also gives you the opportunity for making changes to other plans, such as dental or vision.
Remember each year to verify what is covered with your prescriptions. Health insurance companies like to change what medications they are willing to cover, so make sure you read the fine print every time you re-enroll. If you take a medication daily that is not covered anymore by your insurer, you may need to find a new insurance company — fast.
In order to save money, consider getting catastrophic coverage instead of comprehensive. While comprehensive has more benefits, catastrophic only covers emergency care and hospital care.
Health insurance policies often have loopholes or exemptions in them. Make sure you read the policy thoroughly, so there are no surprises about what it doesn’t cover. Be prepared ahead of time to pay anything yourself that might not be covered, such as some procedures or medications.
It is wise to look over your prescription insurance plan at least once a year. Health insurance carriers sometimes change which medicines they cover, so investigate the details when you re-enroll. If you take a medication daily that is not covered anymore by your insurer, you may need to find a new insurance company — fast.
Look over your health insurance policy in order to have knowledge about which prescriptions will be covered through it. This list changes from year to year so check the list when you re-enroll, to make sure that you are not going to be surprised when you go to refill your prescription.
When you are looking to change health insurance plans be sure to verify that your current doctors will be covered, unless you do not mind having to change doctors. The insurance company you are considering will usually post a list of providers in your area who are on their approved list, but it still wouldn’t hurt to call for a confirmation or update.
If you’re in good health and don’t need to visit the doctor very often, an HSA, or health savings account, may prove beneficial for you. All of the money that you save from paying premiums and deductibles, can be put into this account and used for any medical expenses that you incur.
If pregnancy is in your plans for the future, make sure your insurance policy will cover all of your pregnancy-related expenses. Certain insurance plans do not cover every aspect of pregnancy and labor.
Catastrophic health coverage is a good option for people who cannot afford a regular, comprehensive insurance policy, but want some kind of coverage in case of a sudden and unexpected accident, injury, or life-threatening illness. Of course, this type of coverage can also be purchased for additional protection in extreme situations.
Whenever you are looking into catastrophic health insurance as a coverage option, you must be sure to do your homework. You want to be sure that the possible events that most concern you are covered. Choosing a policy which also has a Health Spending Account will allow maximum flexibility in case anything happens you weren’t expecting.
Keep an eye on all of your bills. Even when covered by a full-fledged medical plan, the bills that pop up can catch you off guard, especially in regards to prescriptions. Some doctors will write out their prescriptions with the name brand only, never thinking of the generic. Also, shop around. The price of medication can be different at each pharmacy.
As stated above, being in good health is crucial for maintaining a happy life. Health insurance is the security that you need if you want to stay healthy. Apply what you’ve learned from this article to get yourself good, high-quality health insurance.