Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Affordable medical insurance

By Lessardcasey Subscribe to RSS | November 30th 2011 | Views:
loading
 
  



When one is in search of a low cost private individual health insurance plan, where does one go? A huge resource of insurance quotes and health care information is the world wide web. There are search engines dedicated to giving you a price quote for your benefits based on your age, gender, dependents, and location. You simply type in said information and you will receive comprehensive quotes from dozens of providers including big companies like Aetna and United Health Care and less well known providers like United Health One. You will then be provided with detailed information about the plans available to you.

One thing most people don’t understand about health insurance is that there is much more to know about it than just the monthly premium cost. In order to take into consideration which plan is best for you financially you should also consider your out of pocket costs such as co-insurance, co-payments, and out-of-pocket maximums. A co-payment is the fee associated with visits to the doctor or hospital. For example, you may be required to pay $20 per visit to your primary care physician where as a specialist visit to a urologist may cost you $40 a visit. Some plans have emergency room co-payments of $100 or more which may be waved if you are required to be admitted to the hospital for a longer stay as a result of your visit. You would then need to verify if your new health plan requires you to pay a hospitalization co-payment for being admitted from the emergency room. Will you be covered the full 100% after that co-payment? If you will only be covered for 80% for example, then you are going to need to cover the other 20% of the total bill once you are released from the hospital. This is called your co-insurance amount.

It can all sound very overwhelming and especially expensive. There are however measures implemented into these health plans to help relieve the stress of high cost benefits. The out-of-pocket maximum can be the saving grace for most individuals and families. The way your out-of-pocket maximum works is that once you have paid your co-payments for doctors and hospital visits and you begin to start paying your co-insurance amounts, there is an annual out-of-pocket maximum that is capped on your benefits. In a health plan with a $2,000 out-of-pocket maximum means that you will be responsible for co-insurance (20% of your hospital bill) only until you reach your $2000 out-of-pocket maximum. That is great news. If for instance you are hurt in an accident and require a $30,000 surgery, you can rest assured that you will not be responsible for more than your annual out-of-pocket maximum.

Now that you are armed with this education about health insurance benefits, you will be more aptly capable of budgeting your income and allotting enough funds to carefully and diligently pick the very best health insurance for yourself and your family.

Lessardcasey - About Author:
Casey Lessard is an author of healthinsuranceadvisory.org, One of the Best health insurance advisory. He is writing articles on Affordable medical insurance
since long time.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/affordable-medical-insurance.htm

Related Insurance Articles Subscribe to RSS

Best and Low cost medical insurance
Published by Lessardcasey on February 11th 2012 | Insurance
With swirling controversy over the availability of health insurance for all citizens of the United S...
 
Buying term insurance online - a way to save premiums
Published by Chris Luke on April 26th 2012 | Insurance
Term insurance is a commonly purchased policy in current times as it is the most suitable plan that ...
 
Learn to find cheaper van insurance
Published by Robmarshall on March 28th 2012 | Insurance
Purchasing cheaper van insurance is not a very difficult task if an individual knows how to go about...
 
Search out commercial insurance quotes for free
Published by Andrew Edwards on December 28th 2011 | Insurance
Quotes are the detailed information packs provided by insurance companies...
 
Tips that can help in getting cheap van insurance
Published by Gregorypeck on February 28th 2012 | Insurance
Previously the use of van was very limited but now people of different professions use it. Buying a ...
 
Why you should visit my cheap car insurance online
Published by Harrisonford on April 13th 2012 | Insurance
Due to high demand of car loans, the need for car insurance policies is also increasing day by day. ...
 
Best Affordable medical insurance
Published by Lessardcasey on February 11th 2012 | Insurance
Shopping for affordable medical insurance is usually not something the average person has to do, giv...
 
Find out why product liability insurance is necessary for your business
Published by Andrew Edwards on January 17th 2012 | Insurance
Before leaving it aside think on the complex situations faced by company...
 
Car insurance and its benefits.
Published by Robert King on January 26th 2012 | Finance
Car insurance is an understanding between the insurer and the insured where the insurer promises to ...
 
Cheap car insurance for new drivers
Published by Ahmadgill on December 22nd 2011 | Insurance
Our company is the best company to give you cheap car insurance for young male drivers that’s rate...
 
Ways to purchase cheaper van insurance
Published by Robmarshall on April 17th 2012 | Insurance
Ways to purchase cheaper van insurance is most likely the major thing which might be out breaking ea...
 
Considerable requisites about product liability insurance
Published by Andrew Edwards on May 19th 2012 | Insurance
Everyone out there in manufacturing business, wants coverage to get over the conditions regarded...
 
All about major medical health insurance
Published by Johndy Sons on March 21st 2012 | Insurance
There are several individuals in the globe who don't know the value of well being insurance in any r...
 
Tips to use Car insurance comparison website
Published by Jameshaven on March 16th 2012 | Insurance
Who does not want to save money? Car insurance is something that every owner of the car needs but so...
 
Different types of insurance to keep you and your family free and secure in Dubai
Published by Andy Robert on November 29th 2011 | Insurance
Insurance policy provides protection against uncertain losses. In Life insurance policy insurer prov...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
Understanding professional indemnity insurance
Published by Sally McGill on June 18th 2012 | Finance
Personal indemnity offers an effective tool to counter certain claims that an individual or business...
 
Auto insurance at its best in Michigan
Published by Autoinsurances on March 6th 2012 | Insurance
It is illegal to drive uninsured vehicles on Michigan roads. Michigan is also regarded as the no-fa...
 
Benefits of getting insurance policy specially when working abroad in search of earning and job
Published by Andy Robert on December 22nd 2011 | Insurance
Although the insurance policy might look expensive at first sight but the in-fact insurance policy i...
 
How income protection insurance program can help you
Published by Benroger on February 28th 2012 | Insurance
You are sick so you cannot go to work at the moment. You and your family can understand this thing b...