Since health care reform “is here” and more changes will be coming, one of the biggest questions people are asking relates to the price for their health insurance plans. That seems to be up in the air, as one side of the great debate says the prices will be lower because the competition will be stiff. If insurance companies want more business, they will have to price their policies cheaply to attract customers.
On the other side of the debate are those that say the prices will go up because the insurance companies will want to pass on their “losses” to the consumer. What does that mean? It means with health insurance companies taking a hit in the medical loss ratio of 80%, that health insurance companies may raise their prices to hedge their bottom line.
The market is still in flux right now and no one is sure what will happen by the end of the year, but one thing is for sure, it’s going to be interesting to see how the pricing structure shakes out.
To learn more and get a health insurance quote, visit https://www.benepath.com
On one hand, some health care industry analysts say that a higher deductible is a good idea because it keeps your premium costs lower. That’s true, higher deductibles do keep your premiums lower. But, what if you happen to always be sick because you have a chronic condition that needs medical care frequently? Well, if you happen to always need medical care for your condition, you might just prefer to pay a higher monthly premium and know you are covered for all contingencies.
It’s a great debate and there are good points to be made on each side. The thing most of the industry analysts seem to be forgetting is that what you choose is a personal choice and that choice will reflect what works for “you.” So, while it’s nice to have other opinions, the bottom line is you will choose what you need to choose to have it work for you.
To learn more and get a health insurance quote, visit https://www.benepath.com
While it’s nice to know how much a health insurance policy may cost us, there are so many “other” things that we don’t know. For instance, what about exclusions? Do you know if the policy you want to buy will cover things like x-rays or pre-existing conditions? You need to find out. Furthermore, is there a coverage level or limit for each item? You need to know that as well. All of these things are valuable information to help you buy the “right” health insurance plans for you and your family. If you only find out part of what you need to know, you might find yourself in a sticky situation later when something you “assumed” was covered, isn’t. Not only is that embarrassing, but it could wind up costing you big bucks.
Take the time to find out what you are buying when it comes to health insurance, then you won’t have any nasty surprises later.
To learn more and get a health insurance quote, visit https://www.benepath.com
Health insurance quotes are just the tip of the iceberg. Getting a quote does not tell you what is in the policy you may want or what is “not” in the policy you may want. It only tells you that you are eligible for health insurance based on some criteria you responded to when you asked for a quote. Really, you need to know more before making a buying decision.
Other things you need to know, besides the price of the policy, are what is included, what is excluded, what the co-pays are, what the deductibles are and – well, you get the idea, you need to do your homework and thoroughly cover your bases. Be sure you are getting what you really do need and want when it comes to a health insurance plan. No sense spending good money to get a policy that won’t cover you for something you “need” it for in the first place. This is one of the major reasons that you need to ask as many questions as you can when choosing a health insurance policy.
To learn more and get a health insurance quote, visit https://www.benepath.com
Since we’re talking about choices, there are a couple of them that you could consider: HMOs and PPOs. Again, each of these plans offers something different, and your choice will largely depend on what you “want” at the end of the day when it comes to health care options. For instance, the HMOs are fairly cheap, but restrictive – meaning you can only use the doctors in their network. That might work for you, and then again, it might not. If you go out-of-network, it will cost you big bucks to pay the doctor, plus you have to report to your primary care specialist. They also have a rep of denying more claims than they pay.
PPOs give you access to more doctors, and that includes specialists. You can get referrals and that comes in handy when you need that specialist. You don’t need to report to your primary care doc either. Does this come with a higher price tag? Yes, it does, but if that is what you want, it may well be worth it.
To learn more and get a health insurance quote, visit https://www.benepath.com
The good news is that there are a whole lot of choices out there for affordable health insurance; choices that will make you reconsider not having any health insurance coverage at all. While it’s hard to know what might be the right or wrong choice for you, the answer to that is: it’s your own personal preferences that will dictate what you want and need. So really, there are no wrong answers or right answers, just answers that make sense for you and your situation.
Before trekking off into cyberspace looking for affordable health insurance quotes, make a list of what you know you want and need. It helps when you have to start whittling down the choices you find as a result of your online search. Yes, the information may be overwhelming, but stick with it and you will eventually find what suits you to a “T.”
To learn more and get a health insurance quote, visit https://www.benepath.com
The whole idea of health care reform is a good one, but its implementation may leave something to be desired. For instance, there is a great debate over what will happen to health insurance quotes now that health care reform has been passed into law and changes have started to happen.
On one side of the fence people say the cost of health insurance premiums will go up. On the other, they say they will go down. Funny thing is there are good arguments for both sides of this issue. They will go down because in the initial rush to sign up more people (to make more money), insurance companies will have good rates to be competitive; rates that might only last for a year until renewal time.
They will go up because if the medical loss ratio for insurance companies is now pegged at 80% then the insurance companies won’t take that hit on their own. They will pass that back down to the consumers in higher insurance premiums. What do you think?
To learn more and get a health insurance quote, visit https://www.benepath.com
Hmmmm…
The easy answer for most people is yes. But just like everything else, you get what you pay for and their are no “deals” to be had.
The biggest thing to watch out for are insurance policies that offer copays for doctors office visits and prescriptions that have a low price.
Why?
Office visits are cheap (relatively speaking) usually costing somewhere between $50 and $80 a visit – a practice in Southern California even made their medical costs easily available.
A broken leg can cost you $10,000 – $20,000 including the hospital visit, ER physician costs, follow-up visits, X-ray/MRI’s etc.
So an inexpensive plan with copays usually has very high cost sharing for hospitalizations, surgeries, etc. Some even have limits on the total amount they will cover for every time you visit the hospital or have a medical event.
Do you really want a health plan that gives you a $35 copay for an office visit but ends up costing you $10,000 when you have a real medical emergency?
This is all another good reason to use an agent.
Agents do not cost you a penny. That’s right – the premium you get from an agent will be the same as if you went to the health insurance company directly.
They represent lots of carriers.
And a good experienced agent knows the pitfalls of the plans and can help you make an informed decision on which medical insurance quote to buy.
Happy Hunting!
When you apply for health insurance, there is a process you go through called underwriting. In plain English it means you have to meet certain conditions before being approved for a health insurance policy.
In most cases the questions revolve around how you will be insured, for what and how much, what happens if you are accepted (or denied) and if the insurance company is willing to wave or rider some types of conditions. There is also the question of whether or not you “will” be insured.
Being denied health insurance is a shock to a lot of people who figured they asked for a quote and that means they get health insurance. It only means you asked for a quote and got one. It doesn’t mean you automatically get health insurance.
To learn more about Health insurance quotes, affordable health insurance, affordable health insurance quotes, health insurance plans, visit Benepath.com.
The debate over health care reform is not as volatile as it once was. Now, with the change in the makeup up the House, things might be different. The thing to consider is this: if the House is not able to deal with the energy crisis, the economic crisis, the comprehensive immigration crisis (and the list goes on), how will they deal with health care reform?
A House with a completely different composition passed health care reform. This is politics we are talking about, and in politics, whichever way the wind blows is how the House and Senate vote. This does not bode well for the future of health care reform. Some may say “yay!” and others may have regrets for the possible demise of a promising step forward in American health care.
How do you feel about it?
To learn more and get a health insurance quote, visit https://www.benepath.com
