Buying individual health insurance plans has now become the most feasible option to meet your inflating medical bills. The solution is not as simple as it sounds, before purchasing the plan that is just right for you and your family, you need to do a comparative study as will as a cost analysis of the options available in the market.
Once this is done, you need to narrow down on the company that can help you achieve your goal of buying an affordable health insurance plan. First of all, decide whether you wish to go in for the managed health care plan or indemnity plan. While managed health care plans provide moderate health coverage at comparatively low rates, the advantage with the indemnity plans is that instead of paying a monthly premium, you pay the doctor or health provider at the time of services rendered.
To decide upon the option that is ideal for you, consider factors such as the amount that you are ready to keep aside for your monthly installments. Then again, there may be plans that require you to pay deductibles before the insurance actually begins to cover your medical costs. Another major factor is that you might end up paying extra if you use the services of a doctor who is not a part of the plan’s network. This is especially important in case you opt for the managed care plan. In this case, the doctor may be required to give the nod of approval before you can choose a specialist for your treatment, or from where you receive emergency services. Yet another fact that you should consider is whether you want insurance coverage just for yourself or you wish to include your family members also. Also remember to go through the list of doctors and hospitals covered by the plan.
Before deciding upon any plan, it is wise to take the help of the state health department because your health coverage is also their responsibility. Talk to them and you will get an idea of how the state government rates the plans. This done, buy the plan that is affordable, within your budget, and matches your requirements.