Guide to Health Insurance

By: Christian Rios

Medical specialists can be a godsend, especially inparticular medical emergencies. Imagine knowing that a specialist could provideexceptional care for your particular medical condition. Now imagine that yourinsurance carrier does not allow you to see any specialists outside of theirapproved list. Would you be upset? I certainly would be. This very samesituation happens to people everyday who tried to cut corners on their insurancepremiums in order to save a measly 10-15%. When they finally need to file for amajor health condition, they are stuck visiting doctors who must be on thecarriers "approved" list.

?If your currenthealth insurance provider severely limits your decision-making ability when itcomes to seeing a specialist or even family doctors you might prefer overothers, you should purchase an additional Major Medical policy that allows youthe freedom to go wherever you wish. If you ever encounter the above describedscenario and you are not happy with the "approved" doctors you arereferred to, simply go see the doctor of your choice since you are coveredunder the additional policy. To offset the cost of purchasing an additionalpolicy for this unique situation, you can choose a much higher deductible onthe second policy.

???????????

Do you travel a lot? Do you live in different states orperhaps different countries at different times of the year? If so, you shouldmake sure your insurance policy covers you wherever you are. If your policydoes not cover you for worldwide, non-emergency medical attention, you canpurchase an additional policy that will. If it is expensive, choose a higherdeductible. And should you decide to purchase an additional policy for travelor international living, purchase your policy limits accordingly to the amountof time you intend to stay at each location.

???????????

The last thing to consider when choosing a health insurancepolicy is whether or not the insurance provider has paperless claim submission.Although a minor detail, paperless claims can provide you with significantconvenience after you experience extensive medical attention. Consider it theicing on the cake for a good insurance policy. After all, who wants to spendhours and hours filling out paperwork to file a claim? If you've justexperienced major medical attention such as a surgical procedure, filing outpaperwork is the last thing you want to worry about.

???????????

If you are married and you provide health insurance for theboth of you through your employer, there's no need to purchase additionalhealth insurance for your spouse unless its coverage falls outside of yourcurrent policy limits. "Double coverage" is a waste of money sinceyou cannot collect twice on the same claim. This recommendation does not applyto a Major Medical policy if purchased to extend coverage or allow for greaterflexibility as mentioned elsewhere in this article.

???????????

Choosing insurance coverage for your children should bebased on the criteria mentioned earlier in this article and not by cost ofcoverage. When it comes to your children, don't cut corners on health insuranceunless you simply cannot afford it. If both parents can provide it throughtheir respective employer, choose the insurance policy that allows for the mostflexibility on the areas listed above, and then use cost as a final determiningfactor if you need to.

???????????

Health insurance typically comes in two forms: individual orfamily, and family could be a single parent with one child or a married couple withten children. The insurance companies do not further define the definition offamily other than a minimum of two individuals. As a single parent or a smallfamily, this means you are paying premiums equal to a large family. The simplesolution for a single parent is to take the policy provided by their employerbut for a single individual. Since your employer is paying part of the cost,this should be on the "less expensive" side of health insurancecoverage. When it comes to your children's health insurance, purchase anindividual policy for each child. Again, don't cut corners when it comes toyour children's health insurance. Choose a policy that affords the greatestflexibility in the areas mentioned throughout this article while still beingaffordable cost-wise.

Health Insurance
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Health Insurance
 



Share this article :
Click to see more related articles