Whether you are going to buy an individual health insurance or family health insurance, you need to compare a plenty of health plans so as to choose your desired one. However, many kinds of health insurances share the same principle. When you have a clear understanding of those principles, you can easily choose a fit health plan. Following are some common aspects of health insurances, and they will benefit you a lot.
Monthly Premium and deductible are two big aspects for an insurance. They are two main aspects of the insurance. The monthly premium directly decides whether you can afford the insurance and deductible decides that how much money you will pay for medical services. Both aspects are very important, so you need to check out your current situation and health condition before you apply for the insurance. If you seldom visit doctors, you can choose a high deductible insurance with low monthly premium. And if you have chronic disease, you’d better choose a low deductible. Though you will pay for a high monthly premium, you can totally save much money.
Co-insurance is also an important aspect. When you take some medications or medical treatments, you need to pay for a portion of the medical bill. For instance, if your insurance set a 40 percent co-insurance on medical services, and you need to pay the rest 60 percent of your bill. Co-insurance is not equal to deductible, so you need to read the insurance contract carefully before you sign your name.
And you also need to pay attention to other aspects like office visit costs, prescriptions and other policy limits. Your office visit costs vary according to different physicians. A specialist absolutely cost much than a common physician. For prescriptions, different health plans cover different generic drugs. You need to make sure that your common drugs are covered in the plan.
A good health plan will make your life better, so it is very important to know more things about insurance. If you choose a fit insurance, you can spend the least money and have the most medical treatments.