Health insurance help?

Question

What should I concentrate on in looking for health insurance? I am trying to find the best insurance plan for a reasonable price. Is it important to look for deductibles, or copay, or what else should I be cautious about. I really don't know much about all that insurance stuff, I just don't want to get some unnecessary stuff and pay so much money for it.

Answer 1

Pretty much, your biggest concern is to have the smallest amount out of pocket as possible.

If you're relatively healthy, and don't go to the doctor that often, go for a lower premium and a higher deductible. (You can usually get a plan with a $1500 or so yearly deductible and a premium of under $250 a month.) This way, as long as nothing catastrophic happens, you aren't spending an arm and a leg for stuff you're not going to need. (If you go for a deductible, you should NEVER pay up front - let your insurance be billed, the insurance will tell the provider how much to bill you - and it's usually less than the amount billed.) And, even if something major happens - you're still covered - and you can make a payment arrangement to pay what you owe.

If you can, with this option, get an HSA (health savings account) - it's your pretax money that can be used for anything related to medical coverage - many of the new ones allow you to use it for over the counter medications, AND you can roll them over year to year.

NOW - that said, if you tend to see doctors often or have small children, you're going to probably pay a higher premium, but you want a copay instead of deductible or anything like that. Sure, you're going to pay quite a bit more every month, but as long as all the doctors you see are covered, you're only going to pay like $25 a visit or so.

Good luck!

Answer 2

I've looked alot for cheap insurance and I finally got blue cross

I got the one thats 0 deductable, $7500 maximum out of pocket and 40% copay of whatever the doctor thieves charge.

$127 per month

It's hard to get a good plan cheap. You kind of have to decide, do you want to pay less per month, like $75 and pay more if something happens, or pay a little more per month and pay less when something happens.

I basically want to make sure that if I had a $50,000 bill, what would I do, so at least I would only have to pay a maximum of $7500 and the insurance will start paying right away since I have 0 deductable.

some cheap plans have a $2000 deductable, then you have to pay the first $2000 before they will start paying.

Answer 3

Hi
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Answer 4

If you are buying yourself you will pay out the butt no matter what.

Ask yourself how much you can afford to pay out of pocket if you get sick. Deductibles are the amount you have to pay before the insurance will pay (each year), co-pays are a smaller amount that you pay at time of service, and the insurance company pays the rest.

Depending on your age and bank account would be the policy I would pick up.

Answer 5

important points

Answer 6

Another thing to consider is whether you sign up for an HMO or PPO. PPOs allow you to go to whichever doctor you choose. If your hair all falls out you can go straight to an endocrinologist without visiting a regular doctor first. If you sign up for an HMO, you will have to go to your PCP (Primary Care Provider), who will then refer you to one of his buddies. I like the idea of being able to go to whoever I want (as long as they accept my insurance). That way I can ask friends for their referrals, rather than a doctor who might be getting a kickback for his referral.