Tips for Buying Insurance
The ever-changing insurance marketplace can be overwhelming and hard to understand. We’ve been helping people just like you for over 30 years, so below you can find a few tips that we’ve learned along the way.
Health Insurance Buying Tips
Finding insurance that meets your needs and the needs of your family is not a difficult task. It is important to decide what benefits are most necessary, and then work to fit the most important features into a plan with a premium that is reasonable for your budget.
Identify the Coverage Benefits You Require
Coverage benefits may include:
Maternity coverage, Prescription coverage, Well child care, Immunizations, Emergency visits, Annual physicals, Dependent coverage, Physician office visits, Specialist coverage
Estimate How Long Coverage Will Be Needed
Temporary insurance may be best if you are waiting for new group coverage to begin or if you are between jobs. A permanent individual policy may be best if you need long term coverage.
Consider How Many Times You Will Have Medical Needs
If you are healthy, you may wish to select a plan that will cover only essential needs in the event of an unexpected accident or illness. If you have more regular medical needs, more extensive plans may be best.
Measure Your Tolerance for Financial Risk
High Deductible Health Plans may be best for you if paying out of pocket for some prescriptions and a few doctor visits per year will not be financially damaging. Lower deductible plans may be better suited to those that would be financially damaged by covering some unexpected costs out of pocket. Premiums are higher for lower deductible plans, however.
Only Use Licensed Agents
Having an insurance agent can ease the burden in times of need. An agent can help you submit claims or find out if conditions are covered quickly. Having an insurance agent available to help can be valuable and costs you nothing!
What to Bring to Your Health Insurance Agent
Health insurance can be confusing, but it doesn’t have to be. This list provides you with the tools needed to make the most of your time with your health insurance agent.
Other Buying Tips
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