Insurance is something we all need to have for our vehicles, our home, our life, and most importantly our health. It is not something that is fun to shop for, but it needs to be done. The one big issue most consumers run into is understanding what they need and what they are getting. Here are a few individual health insurance guidelines to help you understand what you may be looking for.
Co-Pay
The co-pay is how much has to come out of your actual pocket when you get a prescription filled, see a doctor, or end up in the emergency room. This is a bit like a deductible and you may actually have a co-pay and a deductible depending on your policy. If you have both the co-pay is usually for doctor's visits and prescriptions and the deductible will be for emergency room and hospital visits.
Your co-pay can range from $0 to about $100 depending on your plan. The lower your co-pay the better it may be for you because you will pay less out of your pocket. This is simply the amount of money the individual contributes for the services provided and it will most likely be different for prescriptions compared to doctor's visits and other services.
Medicare
Medicare can help save you a large amount of money and it is one of the more important of the individual health insurance guidelines. If you are over 65 years old and have some type of disability you may qualify to use Medicare. However, you need to understand it will not cover prescription drugs and you will want to become a member of a discount program or get coverage specifically for your prescriptions.
HSA Accounts
Healthcare savings accounts can be very beneficial depending on your situation. These are tax exempt and you can have the money taken right out of your paycheck. Basically it is an account you can use to pay for any type of medical services or supplies that you need from an approved provider. It will not cover everything, but it can cover many things you need.
If you are a healthy person and you don't see the doctor all that often having an HSA account can help if there is an emergency. It can also help cover things you are not covered for in your regular policy like contact lenses, glasses, and dental work.
There are many other things you should understand about the different individual health insurance guidelines, but the above will help you to understand some of the more common things you will run into. Whenever choosing a policy for your insurance you should take your time, compare more than one quote, and make sure you are getting the coverage you need for a price you can afford.
How to Shop for Adequate Health Insurance Life Insurance Advice and Tips You Must Know Health Insurance - 5 Costly Mistakes You Could Make When Buying A Policy Florida Health Insurance Bids Goodbye To COBRA Health Savings Account Plans Shift Money From Premiums To Savings Australians Should Compare Health Insurance Policies for Pre-Existing Condition Coverage
0 comments:
Post a Comment