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Save on Family Health Insurance Eight out of every ten working Americans, under the age of sixty-five, are without health insurance. A survey of the uninsured workers inquired about the reasons why they lacked insurance.
An overwhelming number of people had the same answer: health insurance is too expensive. Many working families feel that their only choice for medical coverage is through an employer.
Unfortunately, this does not automatically mean affordable health care coverage. Employers are not forced to offer health care coverage as part of their compensation package. Many elect to do so as an incentive to help attract and retain valuable employees.
Even once an employer has made a decision to offer health care to their employees, the financial commitment that they make to offset the cost, if any, is optional.
Many times an employer may elect an expensive insurance plan that is comprehensive, in an attempt to suit the needs of most of their employees.
However, for a person not needing this type of extensive coverage for themselves or their family, they could end up paying more than they need for medical coverage or elect no coverage at all.
Furthermore, the insurance that an employer offers may be financially beneficial to the employer, but offer poor coverage or be too expensive to the employee.
Many working Americans do not realize that they can purchase medical insurance for themselves and their families independently, oftentimes at a more reasonable price.
An independent insurance agent may be able to help you find adequate medical coverage that is affordable. Evaluating your needs before you meet with an independent insurance agent is a good place to start and will help your insurance agent to find a health insurance company and program that is best suited for you.
What is your available budget for medical insurance? Signing up for a medical insurance policy for you and your family will cost you a monthly payment, known as a premium payment.
Having a clear picture of what your monthly expenses are and how much you can afford to pay for medical insurance is important.
This will serve as a starting point. The next area to consider carefully is determining your needs. Are you looking to cover just yourself and your spouse?
Do you have any children or are you planning to have children in the near future? Are your family medical visits mostly well-patient visits or do you have family members that need frequent allergist or eye doctors?
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Health Insurance FAQs
Why Do I Need Health Insurance?
Where Can I Go To Get Health Insurance Coverage?
What Is A Health Insurance Deductible?
What Is A Health Insurance Co-Payment?
Do You Offer A Prescription Drug Plan?
What about Dental and Vision Care?
How Can I Be Sure That My Personal Information Is Kept Private and Secure?
How Do I Get My Free Health Insurance Quotes?
Why Do I Need Health Insurance?
Today, as healthcare costs continue to rise, who will pay your medical bills if you have a serious accident or a major illness of some kind? Health insurance protects you and your family from financial disaster.
With health insurance, you protect yourself and your loved ones in case you (or a loved one) need medical care that could be very expensive.
You don’t know what your healthcare bills will be But if you become ill or suffer from a serious accident, your bills could skyrocket literally overnight. If you have insurance, many of your medical costs are covered by a third-party insurer, not by you.
A third-party payer can be an insurance company or, in some cases, it can be your employer if you are hurt at work.
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Where Can I Go To Get Health Insurance Coverage?
Group Health Insurance
Most Americans get health insurance through their jobs or are covered because a family member has health insurance benefits at work. This is called group health insurance.
This is generally the least expensive kind of insurance you kind buy. In many cases, the employer pays part or all of the premiums.
Some employers offer their employees several health insurance packages, while others (usually smaller companies) only offer one health plan. Some offer a choice of plans: HMO – Health Maintenance Organization, PPO – Preferred Provider Organization, or a POS – Point Of Service Plans.
The Federal Government passed into law the COBRA Insurance Act making it possible for most people to continue their group health coverage for a period of time after termination or resignation from work.
Individual Health Insurance or Family Health Insurance
If you can not get group health insurance for some reason, or if the insurance offered is minimal, you can buy an individual or family health plan.
Before you purchase anything, you should compare your options. Shop very carefully because coverage and costs vary greatly sometimes from company to company.
What Is A Health Insurance Deductible?
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The health insurance deductible is the portion that you pay before your medical insurance plan begins to cover any healthcare expenses.
If your plan deductible is $500 then you will pay for the first $500 of your expenses before your plan will begin paying for covered medical expenses.
The amount of your chosen deductible can have an effect on your health insurance premiums. The higher the deductible you pay, the lower your premiums will be in most cases. Deductibles can range from $250 to $5,000 for most plans.
What Is A Health Insurance Co-Payment?
The co-payment is a set dollar amount or percentage that the policyholder pays for each doctor visit or service. The co-payment percentage is generally 80/20. This means that the insurance company will pay 80% of covered medical expenses, while you will only pay the remaining 20%.
Co-payment percentages can also affect the insurance premium the plan member is charged. You have options here ranging from 50/50 to 90/10. Some plans will even pay 100% after the deductible is met. Usually, in all percentage plans, the co-payment is capped at a designated dollar amount per plan member.
Do You Offer A Prescription Drug Plan?
Prescription coverage is available on most health insurance policies as a rider. This means that it is an optional benefit that you have to elect to take out.
Many prescription plans have set co-payments where you pay a lower flat fee for generic drugs (generally $10-$15), and a slightly higher set fee for name-brand drugs (generally $25-$40). Some only offer you a discount ranging from 25% to 45% off prescribed drug purchases.
What about Dental Insurance and Vision Care?
Like prescription drugs, these benefits are available as riders. Dental coverage pays for regular check-ups, and then a percentage on minor dental work, and about half for major dental work.
But, beware if you are buying dental insurance for braces or other orthodontic work. Most dental plans do not cover these procedures in their plans.
Vision care is usually covered as far as one pair of lenses and the eye exam. After that, you should receive some kind of discount – generally 20-25%.
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How Can I Be Sure That My Personal Information Is Kept Private and Secure?
Our quoting service is InsureMe. They are the pioneers of the online insurance industry since 1993. They utilize the most secure platforms available to ensure your privacy remains intact. They also, vow never to rent or sell your personal information for mass marketing purposes.
How Do I Get My Free Health Insurance Quotes?
Simply, select the healthiest option in the box to your right and input your zip code and click Continue. You are instantly transported into the InsureMe Secure Platform where you will complete a few brief questions.
You are then matched up based on your information and zip code with up to five providers in your area. These providers are screened by our service team, providing you with top-rated companies in the health insurance field.
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