Health insurance is a must-have in the event you have a serious medical emergency. You never know when disaster will strike in the form of illness, accident or injury. If you aren’t prepared with a good health insurance plan, you could stand to lose everything. If you have a good health plan in place, you can rest easy that your expenses will be taken care of. You have a couple of choices when it comes to purchasing health insurance. You can go with an individual plan, or if your employer offers group insurance, you can save money by choosing that plan.
When buying health insurance, you must make sure to read all the fine print, and understand what is covered under the policy. A health care insurance plan that covers work related injuries or other accidents can be very beneficial and make a huge difference in your ability to get through difficult financial times.
If you’ve recently finished college and are looking for health insurance, you should consider a few things before purchasing any policy. If you have a job, you can use their employee-based insurance. 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.
Ask your employer about any existing employee wellness program. Lots of employers provide incentives to their employees for getting their health analyzed. You may then be able to sign up for fitness programs, which can help the company save money on its insurance coverage and lower your own premiums.
Open enrollment is a time for you to assess your health care 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. Do not forget to make any needed changes to vision or dental insurance.
If you have a family history of needing vision correction, or if you have already been prescribed glasses or contacts, it’s important to include vision coverage in your health insurance plan. This insurance will help to cover a certain percentage of your eye check-ups as well as your contacts or glasses. Insurance for your vision is not required, and many people find they save money by not having a vision plan if they do not have any risk factors.
No matter the coverage you have, if you choose generic drugs all the time you will save money on health insurance. It’s unlikely that your prescription will not have a generic option, and studies have proven that the efficacy of both name brand and generic prescriptions are equal.
Make sure the doctors and medical facilities you routinely use recognize the insurance you are considering before you sign up with the plan. Your insurance company should have a website devoted to important benefit information.
Group insurance rates are cheaper. Thus, health insurance plans you purchase through your employer will always offer lower rates than individual insurance plans. The best way to get around this is to become a member or a trade organization that has insurance available to its members.
Catastrophic coverage is insurance that covers sudden, unexpected injuries or illnesses that are life threatening. This option is good for those who can’t afford comprehensive insurance. It makes a great addition to your overall health insurance portfolio.
When comparing group and individual insurance plans, you may notice that group insurance might cost less monthly; however, there may be more options for an individual plan. Regardless of what you choose, just make sure that you have coverage of some type. Going through life without health insurance is asking for trouble. A serious illness could happen at any time, and ruin you financially. Don’t put it off any longer; determine what kind of health insurance you need right now.