Do not approach health insurance with fear. It is true the field is complex and your options are many, but the more you learn, the safer you will feel. Health insurance is similar to healthcare itself. An ounce of prevention is worth a pound of cure. By making smart choices when you select health insurance, you can avoid difficulties in the future.
Check your prescription coverage yearly. Sometimes, insurance companies change which medications they cover. When re-enrollment time comes around, you should always check to make sure your medication is covered. If you suddenly find that your health insurance plan is not covering your ongoing medications any longer, then start your search for a new plan.
Regardless of the kind of policy you have, choosing generic medications will always save you money. There are a few instances that you won’t be able to get generics, but using them is no different than using the brand name, as studies have shown.
You need to find out which health insurance company and plan is best suited for you. Decide if you prefer an HMO, POS or PPO. Each offers their own unique benefits and shortcomings which must be considered before choosing which you want to go with. An important consideration is whether or not you want to keep your current primary care physician, and if you do you should ask him which insurance company he is affiliated with.
If you expect to get pregnant soon, it is essential that you get an insurance policy that covers all your expenses, from doctor visits to labor to hospital maternity stays. Certain insurance plans do not cover every aspect of pregnancy and labor.
Group insurance rates are cheaper. Thus, health insurance plans you purchase through your employer will always offer lower rates than individual insurance plans. The best way around that is to join some type of trade organization that offers insurance to its members.
Pay attention to your bills. You’d be surprised of how many bills you receive even with insurance, such as those for prescription drugs. Generic versions of medications are often ignored by doctors writing prescriptions. Don’t hesitate to compare prices as well. Even generic medication prices can vary at different pharmacies.
A recommended option for those who can’t afford regular, comprehensive policies but need coverage in the event of an unexpected injury, accident or life-threatening sickness is catastrophic health coverage. It’s also good to add it to your comprehensive policy as an added coverage in case of extreme circumstances.
As you prepare to change to a new health insurance plan, you should carefully track all medical expenses related to maintaining your coverage. Be aware of out of pocket costs for coverage and deductibles and who they apply to within your family.
Don’t wait until you’re sick to find out what your health insurance covers. You should prepare beforehand for emergencies by knowing and understanding your policy details and alternative choices available. It is not advisable to live with bad health insurance, but you can correct that at any time.