Finding Cheap Health Insurance
Finding the Right Insurance Coverage at the Right PriceWith healthcare costs at an all-time high, it pays to shop around for the best and most affordable health insurance. There are many websites that offer you cheap health insurance quotes at the click of a button.
A word of caution, though: as you shop, keep in mind that it's not wise to settle for just any cheap health insurance plan; make sure the policy is right for your needs. If your insurance doesn't provide you and your family with adequate heath care coverage when you really need it, you might as well not take out any insurance at all.
Decide What Health Insurance Option You Want
Managed Care vs. IndemnityThe first step you need to take prior to shopping around is to decide what type of health insurance plan you want and need. Plans generally fall into one of two categories.
- Indemnity fee-for-service): This type of plan lets you choose your own doctors and pays your medical expenses completely or in part, or up to a certain amount per day for a certain number of days.
- Managed Care: These plans include health maintenance organizations HMOs), preferred provider organizations PPOs), and point of service POS). These all involve an arrangement between the insurer and a selected network of doctors, hospitals, and other healthcare providers.
In general, managed care plans are less expensive and offer wider coverage. Indemnity rates are typically higher but allow you more flexibility to choose the services of any medical provider.
Receiving and Comparing Health Insurance Quotes
The second step is to find out which insurance companies in your area offer health insurance plans. Then request quotes from these companies, which you'll use as a basis for finding cheap health insurance that suits your needs.
Next, contact the top two or three companies who provided you with the best health insurance quotes and find out about their terms and conditions. Finally, be sure to thoroughly analyze your policy for what it covers and doesn't cover. Evaluate the plan carefully to ensure that the money you save isn't nullified by inadequate coverage, high deductibles, or other drawbacks.
Some health insurance is cheap for a reason: It doesn't offer much in the way of benefits. Your goal is to find cheap health insurance that also provides the best coverage for the price. Shop carefully!
See how easy it is to find cheap health insurance -- get your free health insurance online quotes today!