Do not approach health insurance with fear. It is true the field is complex and your options are many, but the more you learn, the safer you will feel. Health insurance is similar to healthcare itself. An ounce of prevention is worth a pound of cure. By making smart choices when you select health insurance, you can avoid difficulties in the future.
If you just graduated college and need insurance, there are some choices for you to think about. If you are employed and the company offers insurance, you can enroll in that. If you are not yet 26, you can remain on your parents’ health insurance, though you may want to look into getting your own coverage.
You can lower your premiums by choosing a catastrophic coverage option instead of a comprehensive one. Catastrophic coverage only covers major medical expenses, like hospitalization and emergency surgeries; in comparison, comprehensive covers that, plus most minor health care related costs like physicals and prescriptions.
Do not ever openly volunteer unsolicited information when your potential medical insurance provider calls in regards to your application. Give responses only to specific queries they have made. Remember that the insurance companies are trying to make money, and anything you say can and will be used against you, in the form of raising premiums or denial of coverage.
Opting for generic, rather than name brand drugs, will save you money. In most cases, you can get generics, and generally there isn’t a difference between these and the brand names anyway.
Remember that insurance is regulated by the state, and so it cannot be carried over state lines. If you go to the hospital in another state, your policy might not cover the expenses. All insurance companies are different in that regard, so be sure to call and check ahead of time.
Read over your health insurance coverage to find out which prescriptions are covered by it. This list will be different every year or so, so make sure you check it when you enroll again to avoid a surprise at the pharmacy when filling your medication.
Check to see if your doctors accept the insurance that you’re thinking about purchasing. If you check the insurance provider’s website, you can easily discover which hospitals and physicians they will cover.
If you want to get pregnant in the future, ensure your insurance covers the pregnancy costs. Some heath insurance policies do not cover some or all of pregnancy-related services.
In some cases, insurance companies will charge you extra for adding your spouse to your plan if he has the option of getting insurance through work. You may be able to save a little money if you each get health insurance through your own jobs, so be sure you figure out the cost for both scenarios.
Don’t wait until you need your health insurance to find out what expenses your policy covers. Be prepared by knowing as much as you can about insurance and also by knowing all the choices you have. Having a poor insurance policy is not a good decision, but you can change that anytime.