Many of us work and know we can hurt at any moment. It would be tragic to get hurt at work and have to end up in the hospital. Medical bills are so high these days it’s just insane. My grandmother’s medical bill for about a week was eighteen-thousand dollars. A lot of people don’t have the money for their medical bills and are struggling without insurance. The people are do have insurance from their jobs are so very lucky. What they need to know though is what type of insurance plan is right for us. When you choose a plan it can either make or break you. In this article I will discuss the ways to choose the right health plan insurance for you.
The first step in choosing the right health plan benefits is the important key words. These words are for people who are unfamiliar with health care benefits.
The first keyword is Co-insurance; – you pay a percentage of the total cost. Some plans require you to have both Co-insurance and Co-payment.
The second keyword is Co-payment – a fee is charged each time you see your doctor.
The third keyword is Out of pocket expense – a fee that you pay before your bills are paid by the insurance company.
The fourth keyword is Deductible – a fee that is due every year before your insurance takes in effect.
The fifth keyword is Premium – a fee that you pay for your policy plan.
The next step in choosing the right health plan benefits is to go over your current status. You need to write down any new changes in your life. Any new changes can affect your insurance in many ways. Take some time and also go over all your old statements. This will give you an idea of how much you may have to pay when your new policy starts. You should then check if you need a new doctor, specialist, or other care provider. The most important factor to consider is if your doctor is covered by your insurance. Most doctors will not be in your area which will result in relocating. This can be a real pain to drive further away but if your insurance will pay for the visit it’s worth it.
The next step in choosing the right health plan benefits is to overlook the different plans. The first thing to do is check the health plans and see what they offer. Each health plan has many different benefits to offer. If you’re married your spouse may have a different plan than you. You should look over both plans to see which has the best benefits to offer. As stated above, check for doctors and doctor locations that match your plan. Check for all questions that have to do with the keywords I had listed earlier. These are very important steps because it will depend on how much you will save or spend.
The next step in choosing the right health plan benefits is to know the different plans. Some companies have their own medical doctors. If a company has its own doctors this is called an in-network option. This feature is usually only associated with small companies. There is one problem though with this if you do not choose this plan. If you choose another doctor that’s not in the network your benefits will be less. If you do work for a big business you can choose a few different health plans. For a big company you can choose a doctor anywhere and do not need the in-network option.
The final step in choosing the right health plan benefits is to double check all benefit plans. First of when you should check the coverage deductibles and premiums. The best idea is to find a plan with a low deductible and premium. If the deductible is high your premium benefits will be low. This part is very stressful because most people cannot afford high prices. Another thing to look into is your benefits restrictions. Some benefits only offer a certain amount at doctor visits; only pay part of the cost, and limited medical conditions. Some people do not have a choice because there not eligible for regular plans, which is very sad.
Choosing a health plan benefit is very tedious and stressful. This time of the year is when most health plan benefits are renewed. So it’s a good idea to review and understand all the features of a good health plan. The most important thing is what plan can save you the most money. Consult your health care and job providers if you would like further information.
