Living without health insurance will catch up to you someday. If you do not have health insurance and a member family becomes very ill, needing hospitalization or several prescription medications, how long will it take to exhaust your savings with all of those medical expenses?
You should buy as much health insurance as can be afforded reasonably, that is the clear and simple fact. Unfortunately, there are no other facts about health insurance that are so clear or simple. Medical expenses cost more every day. Employers may be asking you to pay more for their portion of the company health insurance, and insurance companies want you to use their preferred providers to keep costs down.
There are several types of coverage available, and you may need to choose between plans. Learn all you can to choose the best plan for you.
Fee for service insurance allows you to choose your own doctor. Bills are submitted to the insurance company, which pays either part or the entire plan.
Health Maintenance Organizations charge a monthly fee, but then allow you access to medical care within their own doctors as needed. You may not pay any fee or you may have a small co-pay. I you see a doctor outside of the HMO you pay his fees.
A preferred provider plan lets you choose your own doctor from a list of providers that have signed a contract with the insurance company. They agree to give the insurance company a discount for your health care. If you see out of network doctors, you will pay more.
COBRA may allow you to continue your insurance from a former job for a limited time. You will be responsible to pay the insurance premium.
Learn more about Health Insurance. Stop by Marcus Sharp’s site where you can find out all about low cost health care.
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