Life has a way of surprising us in a moment when we least expect it. It could be a drunk driver, an accident, or a slippery floor. As a result, you are faced with unpredictable medical expenses. That’s why people need health insurance. Unfortunately, the byzantine complexity of the law makes it difficult to discern which health insurance would be best for you. In a second, you’ll learn what the 5 questions you should ask before making a choice are. Let’s go!
What are the costs?
Many people are puzzled: their monthly premiums aren’t low, though a visit to the hospital still costs them a fortune. Why is that?
That’s because the amount of money that you are spending on health care is below your deductible. You have to pay a certain amount of money before your medical expenses start being covered by your insurance. Okay, so if you’ll need to pay such a significant sum either way, then perhaps it is better to not purchase health insurance at all?
That would be a pretty bad idea. Why? If you don’t reach the amount of money that is covered by the deductible, if you have health insurance, you still pay lower bills when visiting a doctor. Without health insurance, you wouldn’t have to pay a monthly premium, but each one of your visits to the hospital would cost you more.
On top of that, you won’t be risking going bankrupt if you are in need of major surgery. You need to check what is the out-of-pocket max of your health insurance. Let’s say that it is $10,000. If you are in need of a surgery that would typically cost $80,000, you’ll only need to pay $10,000, and the rest will be covered by the insurance. Sure, you’ll still have to pay quite a lot, but if you want to feel safe, then having health insurance is a necessity.
What is included?
Not every possible medical procedure is covered by health insurance, which is why you should check what is included. Is dental care included? You need dental insurance, but some of the basic medical procedures might be covered by your health care. How about vision care?
Are routine examinations covered by health insurance?
Although in our hectic lives we might be too busy to even think about it, prevention is better than cure. If you regularly check whether everything is fine with your body, your chances of successfully dealing with any diseases will drastically rise. If you, on the other hand, visit the doctor only if you cannot bear the pain any longer, then the treatment will be much more difficult. You should ask if the routine examinations are covered with health insurance.
Is the insurer reliable?
If you don’t want to experience any unpleasant situations, you should ensure that your insurance provider is reliable. You should check how long he has been in business and what his clients are saying. Sure, the thing with the reviews that you can find on the internet is that it is mostly people who are dissatisfied with the services that go the extra mile to share their opinion with others. There’s a simple solution, though – just compare those opinions with those of other health care providers and, on this basis, draw conclusions. You should focus on whether the clients haven’t encountered any unwelcome surprises, but also on what is the relationship between the insurer and its customers. If you are sick, then getting better is your priority, but it would also be nice to feel that someone genuinely wants to help you.
Quality service is the top priority, but we shouldn’t forget that it is 2020 already. There should be a helpline available 24/7 to resolve any of your doubts. That’s not all; we are used to having access to the information almost instantly. You should also have access to an app to calculate how much you’ll need to pay for a visit and to check your medical records. Ideally, you would also be able to make an appointment through an app, instead of having to phone your doctor. If you pay high premiums every month, then having high expectations is completely understandable.
Not an easy choice
A surprising amount of people with health insurance don’t know what a deductible is. It often leads to unpleasant surprises – “why do I need to pay so much, even though I pay monthly premiums?”. Truth be told, calculating your medical expenses if you have health insurance can be a challenging task. Still, it is undoubtedly a better choice than not having health insurance at all. If you want to choose the best one for you, remember not to rush – slowly compare different ones and only then make a decision.