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:

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, 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:

Related Insurance Articles Subscribe to RSS

Best car insurance here in Minnesota
Published by Autoinsurances on January 13th 2012 | Insurance
Car insurance is a requirement for any motorist who wants to drive on the Minnesota roads. It is ill...
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 ...
Provide the best insurance for your car with the best insurance quotes
Published by Jameshaven on March 5th 2012 | Insurance
You just purchased a car recently, it is now very important for you to secure your car with the car ...
Know more about cheap car insurance
Published by Anneshirley on April 12th 2012 | Insurance
It is not a tough thing to find car insurance, but yes it is very hard to find the classic car insur...
Know more about a balance car insurance program
Published by Stevediaz on February 25th 2012 | Insurance
You bought a car and you know you have made one of the biggest investment. Now you cannot afford any...
Buying child insurance not an impulse decision
Published by Soloman on November 28th 2011 | Insurance
There is a bewildering range of choices available today in the child insurance plan market. There ar...
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...
Cheap classic car insurance – tips to find the best company
Published by Anneshirley on March 20th 2012 | Insurance
Having a classic car is a great source of pleasure. No matter for what purpose you use your classic ...
Basic needs of employer’s liability insurance
Published by Andrew Edwards on February 10th 2012 | Insurance
A plan your company requires legally refer to as employer’s liability insurance...
Tricks to get cheapest car insurance
Published by Harrisonford on March 1st 2012 | Insurance
It would be really stupid of you if you know that car insurance is the most things in your law and e...
What are Car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Today, auto insurance is necessary for every owner of the car. One must select an auto insurance cov...
Effects of higher business insurance rates on financial system
Published by Andrew Edwards on February 2nd 2012 | Insurance
We all necessarily buy business insurance plan for the company...
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...
Inevitable insurance for all
Published by Chris Luke on February 23rd 2012 | Insurance
With life uncertainties at its peak and the rising inflation, recession has made life insurance an i...
Best Individual medical health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
Individual medical health insurance can be a financial burden, but for many people it is a necessary...
How to do Car insurance comparison before buying a car insurance coverage
Published by Geenadavis on March 28th 2012 | Insurance
The very first thing after purchasing a new vehicle is to get it covered because it is extremely ess...
Looking for the best Colorado auto insurance quotes
Published by Auto Insurances on January 16th 2012 | Finance
There are many Colorado auto insurance companies that are offering great deals for insurance policie...
Important considerations with regard to backpackers insurance
Published by Marry James on February 24th 2012 | Insurance
One of the greatest risks that a person can take is to go on an adventurous trip worldwide without g...
Car insurance quotes Australia
Published by David Johnston on December 28th 2011 | Insurance
Why are young drivers required to pay such a high premium on their automobile insurance policy? Youn...
Dental insurance plans
Published by Lessardcasey on January 13th 2012 | Insurance
Most people have experienced the unpleasant feeling of a cavity or other nagging tooth problems. How...