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

Secure your rights with public liability insurance
Published by Lauraallen on April 4th 2012 | Insurance
It has been notice in past few years that people are highly demanding for the insurance of their bus...
 
Operational liability affairs unravel by commercial general liability insurance
Published by Andrew Edwards on March 21st 2012 | Insurance
Here we are going to make the decision on commercial level plans which are making it possible...
 
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...
 
Finding cheap car insurance with best coverage
Published by Robmichae on March 16th 2012 | Insurance
Everybody is seeking ways to reduce their monthly expenses in today’s economy. As a matter of fact...
 
Importance of getting life and medical insurance while residing in Dubai
Published by Andy Robert on January 22nd 2012 | Insurance
There are many insurance policy companies operating in UAE. The life style of residents of Dubai dem...
 
A Different type of life insurance
Published by Jack Travis on December 9th 2011 | Insurance
Disadvantage of this type of life insurance is that it will be automatically terminated once the per...
 
Best car insurance in New York City
Published by Warner on April 2nd 2012 | Insurance
Insurance Express is the one stop solution for all Nassau County car insurance related requirements....
 
Finding online life insurance quotes is safe and secure
Published by Haris Portfield on February 20th 2012 | Insurance
With their inclusive approach to insurance, websites make it easy for the insurance consumers to fin...
 
Different insurance plan to get cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
Our car is a very important part of our life. A day without it can turn out to be a disaster day of ...
 
How can your van help you to get the cheap van insurance?
Published by Carleson on December 10th 2011 | Insurance
Your van can help you find the cheap van insurance that you have been looking for. Yes you are readi...
 
General and special coverage with commercial insurance
Published by Andrew Edwards on March 2nd 2012 | Insurance
Safe business is prime requirement for us; it gives us plenty of advantages which can be utilized...
 
Buy DUI insurance online and save time and money
Published by Maryparker on November 29th 2011 | Insurance
Some of us cannot but drive rash. And some of us, even when we know it is illegal, care two hoots ab...
 
How to compare classic car insurance online
Published by Anneshirley on March 20th 2012 | Insurance
If you drive classic car then you must be familiar with the requirements for suitable insurance cove...
 
Securing your vehicle with Arkansas auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
Who doesn’t want his or her vehicle to be secured from every kind of accident or incident? Of cour...
 
Maryland the state of expensive auto insurance
Published by Insuranceindian Aauto on March 5th 2012 | Finance
Maryland is famous for its expensive auto insurance unlike other states; the state is rated as the t...
 
Health insurance benefits and coverage
Published by Chris Luke on April 24th 2012 | Insurance
It is definite that health insurance has become an essential component of one’s life and buying a ...
 
Impact of ignorance of employers’ liability insurance
Published by Andrew Edwards on March 17th 2012 | Insurance
There can be a huge impact faced by business owners after neglecting employer’s liability insuranc...
 
Let Georgia health insurance plan treat your medical expenses
Published by Ricky Martin on June 23rd 2012 | Insurance
So time has come, do let Georgia health insurance plan treat your medical expenses. It is a big burd...
 
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...