Finding a cheap health plan that’s actually cheap
With recession setting in and a lot many people losing their jobs, cheap medical insurance have become more of a necessity than an option. Getting an inexpensive health plan is not difficult.
But what is difficult is getting a comprehensive plan within those financial constraints. And more importantly,
where exactly does one find such pocket friendly plans?
Cheap plans do not mean poor coverage but it certainly means you have to compromise on something or the other. It could either be on the choice of doctors or on the treatments covered or the flexibility of the plan. But compromising does not mean losing out. For example, one is not planning to get pregnant anytime soon, then why go for an insurance that covers maternity expenses. Lowering the benefits and doing away with coverage that you will not need in the near future is a good way to cut costs.
Another way of getting a low priced health plan is to compare the quotes of various companies in the state. The only advantage of having so many companies offering the same product is that ultimately it is the consumer who is the king. He has more options and competitive prices to choose from. Hence, to get a cheaper deal, it is important that one compares the quotes with other companies as well. It is always more profitable to look for regional companies than to go for companies that have similar plans through out the US.
A smart move towards getting a cheap health plan is to go for a plan with a high deductible. The higher the deductible, the cheaper the costs are normally. However, the problem is that if a major medical expense comes up suddenly, one has to cough up more money. Though it is a good idea to go for a higher deductible, the end results are not universally applicable to all.
A good way to get economical health plan without having to give in to any major compromises is to go for managed health care plans like the HMOs and the PoS. HMOs concentrate on providing primary health care. The thought behind it is to treat a minor disease before it grows costlier. PoS are more flexible but a little more costly.
If you are going in for an inexpensive plan only because you are between jobs, then supplemented health plans is the most ideal person for you. They are substantially cheaper and a good option to deal with catastrophic medical experiences.
There is another way to buy cheap medical plans and that is loyalty. One can save up a lot by staying with an insurance company for three years or more. There are chances that one might also be able to avail discounts if they stay with the same company for a longer period of time.
Cheap medical plans have become the order of the day. And with more and more beneficiaries asking for low-cost insurance, it is a not a big surprise that some of the best deals are available in this financial bracket. One only has to look for it to find it.
