Health insurance is a must-have in the event you have a serious medical emergency. You never know when disaster will strike in the form of illness, accident or injury. If you aren’t prepared with a good health insurance plan, you could stand to lose everything. If you have a good health plan in place, you can rest easy that your expenses will be taken care of. You have a couple of choices when it comes to purchasing health insurance. You can go with an individual plan, or if your employer offers group insurance, you can save money by choosing that plan.
Look at your personal health insurance needs when it’s open enrollment time. Even if a certain plan fit you well in the past, your needs may have changed, thus, you need different coverage. If your employer also offers vision and dental insurance, you should review that also during open enrollment.
If you have just graduated from college and want health insurance, consider these options. If you are employed, speak with your employer about their employee-based insurance. If you are not yet 26, you can remain on your parents’ health insurance, though you may want to look into getting your own coverage.
To save on health insurance costs, choose catastrophic coverage instead of comprehensive. The lesser coverage only covers hospital visits or emergency care, but it will save you money.
Opting for generic, rather than name brand drugs, will save you money. Odds are, most of the time you’ll be able to get generics, and research has regularly demonstrated that they only difference in these drugs is their brand name.
Most likely there will be loopholes in your health insurance plan. Read the policy through and through, so you know what it does and doesn’t cover. You may have to pay for certain things yourself, such as some prescriptions or procedures.
Hopefully, this article has caused you to stop and give some thought to health insurance. Many people don’t realize until too late, that having health insurance might make the difference between life and death. It is much better to take heed and to prepare. Health insurance can cost an arm and a leg, but not having it could cost you your arm or your leg.
