When it is time to get health insurance, the first thing people think is that they cannot afford it and that they will not be able to find what they need, so why bother. Contrary to popular belief, you actually can find reasonably priced health insurance by taking the time to shop around.
We do not often buy the first car or house we see, so why would we buy the first health insurance policy we find? To that end, ask around and get at least three to five different quotes from different insurance agencies. For example, ask for a quote from an insurance company that sells all types of insurance, including health insurance and then, ask an agency that only sells health insurance. Three to five quotes offer you a wider variety of choices before making the final buying decision.
Never buy the first policy you find no matter how much of a good a deal you think you may be getting. Why? Because you will not know if it is the cheapest deal unless you compare it to other options and other policies with other agencies. If by chance the first policy does turn out to be the cheapest, then you have made a great buy.
Another way to save money on buying an insurance policy is to trim it down to what you absolutely really need. There is no sense in over-insuring. So just make certain you have enough coverage, but that you are not paying for coverage that you do not need and would never use. Along the same line of thinking, give some consideration to a high deductible plan and a health saving account combination or ask an insurance agent what would be a good health insurance combination that meets your needs but does not break your budget. There are often incentives and financial breaks to be had in a combination health insurance plan, so ask and find out what you could save.
Are you still employed and receive work-sponsored health care insurance? Even if you buy supplemental health insurance, it tends to be less expensive than going out on your own and buying a policy. A workplace sponsored health insurance plan tends to be cheaper than private insurance.
The real secret to finding reasonably priced insurance? Shop around, be diligent in asking questions, do not over insure yourself and seek ways to reduce your payments (if you get company-sponsored insurance). It may take time, but in the end, you are likely to get what you actually want and need.
Everyone knows that in some form or another, they need health insurance, whether it is for an individual or a family. But the problem is, where is the best place to look for and eventually buy it?
Before actually buying insurance, it is a good idea to research the market and discover what type of plan is the most beneficial for you or your family. There are certainly a lot of choices available, but the fact is that not all insurance is created equal. Asking the neighbor what they have for health insurance may sound like a good idea, but when you check it out you find that it would not suit your needs.
Where to start? Make sure to have a list that outlines who needs insurance, what they want and require, the birth dates and social security numbers of everyone, pre-existing conditions, and whether or not they smoke. In general, smokers pay a higher rate for health insurance.
The next step would be to compare prices for policies you think may be suitable. Most insurance websites are fairly comprehensive, but realistically speaking, cannot list or outline all possible alternatives for insurance coverage.
So long as you have a general idea of what you want and need, it would likely save you time to fill out the contact form and ask an insurance agent to contact you. Use the list you made with your information on it and make sure to ask as many questions as you can. The insurance agent is going to know what you need and what would likely be a good fit for your budget and circumstances.
Be alert for any possible discounts available on different plans. Perhaps there are one or two that are close in coverage, but one is pricier than what you wish to pay. Ask about a discount. You never know until you ask. If you are intending on purchasing more than one insurance product, absolutely ask for a discount. Start with your existing insurance company first to see if they can offer you a deal and when they cannot see what else is out there.
One other tip you can use to your benefit is to look specifically for an insurance agent or agency that only sells health insurance. You are guaranteed to find something that suits your needs simply because the company does not sell a wide range of other products and can instantly ensure you get what you are looking for. Since they specialize in health insurance, they would be up-to-date with the latest new policies and be able to explain them to you in greater detail than a general all-purpose insurance agency that sells other insurance products and health insurance.
The final piece of advice to help you find insurance is to spend the time to read all the conditions and terms in the policy you are considering. You have to know what is and what is not in the policy so you do not run into a sticky situation later when you need health insurance coverage and find out that something is not covered.
