How to Choose a Health Insurance Plan

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Family Health Insurance Plans
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How to Choose a Health Insurance Plan
These days, landing in the hospital for even a
few days can decimate your savings account.
Thats why its extremely important to consider
the cost, the benefits, and the extent to which
your familys health needs are met when choosing
insurance. Research the various plans that are
available, and determine how specifically
tailored they are to your familys health needs
and financial abilities, to decide on a plan that
is best suited to your lifestyle.
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Instructions Sign on with the health insurance
provided by your employer It is likely to be the
cheapest option you can find. Your employers
carrier may have more than one option for you to
choose from (HMO, preferred). If youre
self-employed or if your company doesnt offer
insurance, youll have to search for your own
insurance.
Assess your needs, taking into account your
current use of health care and your medical
expenses for the near future, and decide what
services are most important to you and your
family.
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Factor in how much you can afford to spend on
monthly premiums and co-payments. If youre
single and healthy, your family health insurance
plans needs will be very different from those of
a family with three young children. Compare
benefits and coverage of key items like monthly
premiums, deductibles, co-payments, co-insurance
rates, costs for seeing out-of-network providers,
preventive care, physical exams, immunizations
and the like. Other services that are of
interest to your family could include fertility
services, mental health coverage, nursing care
and long-term care.
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Ask lots of questions Are your current providers
part of this plan? Do you need referrals for
specialist visits? How easy is it to change
doctors? What hospitals and facilities can you
use as part of the plan? What are the procedures
for having emergency room treatment
approved? Find out if benefits are limited for
preexisting conditions, or if you have to wait
for a period of time before youre fully covered.
Some plans may completely exclude coverage of
preexisting conditions.
Thank You!!
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