Another view of health insurance
One might assume that only the older generations and financially sound can afford it. Not planning on getting hurt or sick is not the most effective health plan. At the end of each year, see if your health insurance needs updating and see what new plans and benefits might be available..Watch out for any changes!
If you simply don’t visit the doctor enough for insurance to be cost effective, consider opening a Healthcare Savings Account (HSA). Any dollars you save towards deductibles, premiums and co pays can get saved in an HSA and applied towards future medical expenses.
The way you manage your health care insurance may actually earn you tax breaks around April. Lots of people don’t understand the premiums that you pay on your health coverage can be deducted off your taxes. You can also include all money paid for prescriptions, your deductible, doctor visits, co-pays and any other non-covered medical expense. Check your state tax guidelines to ensure you’re adhering to both local and federal rules.
Carefully evaluate each health coverage plan before choosing the one that meets your needs best.- as a broker I can certainly discuss what alternatives might be suitable for you. You could choose plans that cover the areas you need now and hold off to purchase a full coverage when you possess the money to do so.
Are you unsure about something regarding the policy that you hold with your health insurance company? Your questions could be answered with a simple phone call to me. While a lot of health insurance companies make use of a number in which you can speak with someone knowledgeable about your policy- as brokers we are here to help as well- AT NO COST TO YOU!!
We can give you the information specific to your policy and review it in detail with you!
Don’t expect your health care policy to be straightforward. Learn all the exceptions in your policy so that your insurance company won’t deny you benefits you thought you were entitled to. Read and understand your health insurance policy. Learn exactly what is and is not covered. Be prepared in advance to pay out of pocket for things that may not be covered, like physicians and/or specialist co pays, xrays,etc and certain medications or procedures.
Getting health coverage through a group or organization may be cheaper (depends largely on whether the employer is contributing it or not). But, if you’re self-employed, what can you do? You , of course , can always go to healthcare.gov at Open Enrollment Periods if you are eligible for a Tax Credit to help pay the premium, etc- you can also check on this web site or at healthcare.gov.,
Don’t forget -Outside of the Open Enrollment Periods there are Special Enrollment Periods for anyone who:- gets married, gives birth, adopts, divorces, moves,changes their job, gets out of jail, loses their coverage,etc– so let us know asap as we can help-AT NO COST TO YOU!!!!
What type of Health Plan?
When shopping for health insurance, decide what kind of company is best for you. A PPO or Preferred Provider Organization will have a network of doctors to choose from (although you will still have to choose a Primary Care Physician) and you have to choose within them in order to avoid a much larger co pay or fee. A Point-of-Service (POP) plan has you choose a Primary Care Physician, but he can refer you outside of the network.
With an HMO, they have a Network of Physicians and providers who you can only choose from at set co pays and if you do go to another provider outside of the HMO Network, you will have to pay their fees with no contribution from the insurer. If you need a specialist, etc then you will need a Referral from your Primary Care Physician (PCP) and if you do not have one, then you will have to pay their fees yourself- again!
When you don’t fill out a claim correctly, there are some insurance companies that can actually refuse to pay or reject your enrollment or reject a claim if you are already enrolled before the discrepancy is discovered. Make sure you review your enrollment form before sending it. As brokers we go over your enrollment very carefully with you.
Keep a good credit rating to get great health insurance prices. The worse your credit score is, the more you may end up having to pay for quality insurance. It is possible for your health insurance to stop coverage completely. Look into improving your credit score prior to searching for new health insurance.
No insurance? See my post on this site-
No Insurance- Some Answers!!
For further information contact:
Eric Walters Insurance Services,
14482 N 100th Place,
Scottsdale AZ 85260
ACA Blog/Newsletter- http://www.azhealthinsuranceblog.com