Subscribe Feed (RSS)Health Insurance: Less is More!
This may be hard to understand, but sometimes you need to buy two health insurance policies to save money and get better coverage. Many agents are helping their customers buy more coverage for less money with this solution.
High Deductible Health Insurance
Of course, the first policy to consider is a major medical health insurance policy. However, if you live in the US, you know that health insurance is expensive, and rates are expected to increase every year. One way to control costs, and to control the rate of increase, is by purchasing a higher deductible health plan. Many health insurance companies will offer extended price guarantees for health insurance plans with deductibles of five or ten thousand dollars. Sometimes these plans even come with prescription plans and doctor copays that kick in before the deductible is paid.
Now, a five or ten thousand dollar deductible may seem steep, but consider saving a few hundred dollars a month in premium. Also consider the fact that many insurance companies will not underwrite, or evaluate risk, as strictly on a higher deductible policy. If you, or somebody in your family or small business has a health condition, a higher deductible health plan may be your best option!
Supplemental Health and Accident Insurance
Have you seen health policies that supplement major medical by providing cash payments for accidents or illnesses. They are usually pretty inexpensive, and they pay out in cash. This money can come in handy if you need to pay expenses that are not covered by your health insurance policy. The cash can also be used for other associated costs like living expenses, transportation, etc.
You may be able to purchase a supplemental health and accident policy as a package, or find one accident policy and one sickness policy. Sometimes health insurance comes with an association membership, and the association provides supplemental coverage for a very reasonable price!
Look for more help from a qualified agent.
Major medical insurance will be expensive for most people, but an experienced professional should listen to your needs, and then find a plan that you can afford. If you can find a professional who represents a variety of companies, you should be able to compare your options.
Do you need self employed health insurance? We can help you compare insurance rates with simple, safe, and free quote forms.
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Tags: Family, finance, health, health insurance, health plans, insurance, major medical, medical insurance, medical plans, self employed
