| By Dennis Alexander
As health insurance costs are increasing we
have to take more responsibility for our health
insurance coverage. With health insurance cost
rising health insurance companies are constantly
coming out with new health insurance plans.
New plans offer you flexibility to customize
your own health insurance plan. Most health
plans in the past were pre packaged health insurance
plans and we ended up paying for things we never
use. We know that car insurance offers us flexibility
to where you can pick your limits deductibles
and the types of coverage that you want. It
seemed that with health insurance it took at
while for health insurance companies to realize
that is how they can stay competitive. The world
of five dollar co pays and no deductible plans
are over. Most of us and our parents come from
the world where large companies paid for their
health insurance plans. Large companies do have
advantage of numbers; more people are part of
the group the more insurance companies are competing
for their business.
First I want to address or health insurance
quote shopping. If you are looking for some
great deal a plan that covers everything for
small monthly premium you are going to get scammed.
Health insurance prices are health insurance
prices no matter what insurance company you
go with. The main difference how insurance companies
compete with offering more affordable health
insurance rates is by being more creative in
their plan design. Stays away from “good
deals” in health insurance, chances are
the plans are not going to cover anything when
you have claim. Then you will end up with bills
from the hospital and your health insurance
premiums.
Health insurance companies like Assurant Health
underwritten by Time Insurance offer health
insurance plans where you design your own plan.
It is one of the only large reputable health
insurance companies to offer customizable health
plans. They offer five plan designs two of them
are Health Savings Account qualified health
plans and the other health plans are your standard
PPO (Preferred Provider Organization). What
makes Assurant Health unique is that every type
of plan give you opportunity to customize that
plan by choosing co-pay or no co-pay option,
choice of deductible, prescription drug coverage
deductible, dental discount plan or dental insurance
and some plan specific options. If you are looking
for simple to use and simple to understand HSA
account plans, Assurant is one of the first
companies to offer HSA plans.
When designing your own health insurance plan
keep in mind of your previous health insurance
usage. Choosing deductible for your health insurance
plans will make the largest difference in your
monthly price. Keep in mind in most cases deductible
applies only to when you are hospitalized. That
meant when you are admitted to the hospital.
Most health insurance plans will cover you doctor
visits, physical exams, prescriptions drugs
and your lab work with a co-pay before you meet
the deductible. If you choose a high deductible
plan and something does happen to you that you
end up in the hospital for something major and
you do not have money at the time to cover your
deductible. Every hospital will work with you
by offering you payment methods. This way you
can take as much time to pay off that deductible.
Therefore it does not make any sense in most
cases not choosing a plan with high deductible.
Get health plans with high deductible and you
are going to save thousands on your health insurance.
Some companies like Assurant Health offer you
option to where if you choose a health plans
with deductible of thirty five hundred of higher
you automatically qualify for two year rate
guarantee. Save money monthly and avoid rate
increased. Just with little knowledge and understanding
of how health insurance works you save thousands
with the health coverage that you need.
Dennis Alexander - leading consultant for employer
group and individual/family health insurance.
Marketing consultant for major health insurance
resource websites and brokerage firms online.
Some of the websites consultant and/or administrator
http://www.HealthCoverageQuotes.com and http://www.AssurantHealthCoverage.com
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