قالب وردپرس درنا توس
Home / Insurance / How do I choose a health insurance plan online and quickly in 2020?

How do I choose a health insurance plan online and quickly in 2020?



You can do almost anything online nowadays, and that includes buying health insurance.

And seriously:

Why would anyone want to deal with an agent by phone or in person.

Would you not prefer to just skip the high pressure sales tactics and compare quotes online at your leisure?

If you have never bought health insurance online, you are in luck as this post will go step by step instructions on how to buy health insurance online and fast.

What you need

Before you start shopping, you need to have some basic information ready.

The reason is that you are preparing a quote online, potential insurance companies need to know who they are dealing with.

Was equipped with the following:

  • Age and sex of the insured person
  • Current prescription taken and dosage
  • Social security number
  • Tobacco use history
  • Your doctor information
  • Driver's license number

It Most of this information is not needed to get a simple quote.

But if you want to get the most accurate answer, make sure that your prescriptions are on the insurance list and also that your doctor is on the network, you should have this information at hand.

Health insurance made easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get health insurance coverage within minutes of receiving your offers and application.

How to Buy Health Insurance Online – Step-by-Step Instructions

Once you have gathered all the relevant information you need to fill out on an online quote form, you can begin the process of finding potential insurance companies as described in this guide .

1. Examine the coverage you need

Before you do anything, you must first find out exactly what coverage you will need (and this can be confusing) so let me break down the parts of the policy you need to consider. [19659002] Here is an overview of your options:

A reasonable deductible

The first thing you need to decide is what your annual deductible will be. This is the amount you have to pay before the insurance company starts helping you pay for your medical expenses.

These deductibles can range anywhere from $ 0 to $ 10,000. The deductible you choose should be an amount you can afford if you have to use your plan.

Usually you will find that younger people will have much higher deductibles because they do not go to the doctors as much and they want to save on premiums.

However, if you have a chronic illness or use certain medications, you need a reasonable deductible. Usually between $ 500 and $ 2,500 is what I would recommend.

Remember that the lower the deductible, the higher your monthly premium will be. This means that your budget must also be taken into account when choosing a deductible.

Given a High Deductible Plan

As I say briefly above, a high deductible plan may be the best option for you, depending on your health status and budget. Especially if you choose one that has a co-payment for doctor visits.

This would give you a low premium and the opportunity to go to your doctor for a flat rate. But if something happens to you, it can lead to financial ruin.

It is important to be smart about how you choose your deductible.

Your co-insurance

Then you have to calculate how much you want to pay for your health costs and how much help you want from the insurance company.

This is where co-insurance comes into play, mainly the insurance company will be responsible for a certain part of your health benefits. and you will be responsible for the remainder.

These co-insurance amounts come in intervals such as:

  • 50/50 (You will be responsible for 50% of your medical expenses after your deductible
  • 60/40 (You will be responsible for 40% of your medical expenses after your deductible
  • 70/30 (You will be responsible for 30% of your medicine expenses after your deductible
  • 80/20 (You is responsible for 20% of your medical expenses after your deductible

Remember that just as with your deductible, the lower your co-insurance, the higher the premium.Again, it is important to understand your budget. [19659048Willyouhaveaco-payment

Co-payment and co-insurance often cause a lot of confusion so let me clear it up for you.A Co-Pay is what you will have to pay when you visit a doctor.

Usually this can range from $ 0 per visit up to $ 75 per visit or even more for a special visit depending on your plan.

However, some plans allow you to completely exclude the benefit of a lower premium, which means that you will be 100% responsible for the doctor's fee.

If you do your annual checkup and need to see a doctor in the usual way, you should probably get a co-pay.

Having a Co-Pay increases your premiums and the lower the co-pay the higher the premiums. As you can see, your budget is an important part of this.

If you receive a separate deductible prescription

Depending on your plan, you have the option of taking prescription drugs with you.

However, some companies offer a separate deductible that you must meet before they will begin assisting with payments against your prescriptions.

This means that this deductible would not help you meet your overall health insurance deduction.

For example:

Let's say you have $ 1,000 deductible for your insurance and $ 500 deductible for prescriptions.

If you need to fill out a prescription, you will have to pay the first $ 500 to them and then the insurance company will start helping with prescriptions based on its form.

If during the same year you need to go to the doctor for check-ups or blood work only, you will still be responsible for meeting the $ 1,000 deductible before your co-insurance would come in.

Now there are some policies that contain prescriptions with the total deductible, but if you take lots of drugs it may not be the best option.

This is because you would be fully responsible for both medical and prescription costs until you meet your annual deductible. .

Have a budget and put it all together

As you can easily see, if you do not have a budget, you can build a policy that is outside the monthly premiums you can afford.

The best thing you can do is make sure you mix and match your co-insurance and deductible to a point that fits your budget.

You must also pay close attention to your prescription costs and make sure that the policy you choose has the best option for your medications.

2. Choose a Type of Health Insurance Plan

Once you have a strong idea of ​​the coverage you need and what you want your budget to be, it's time to decide what type of insurance plan to go with.

There are four options that people usually choose from and they are:

HMO

HMO is an abbreviation for Health Maintenance Organization and this plan will require you to get all your medical treatment in the network.

Usually you are not covered by care without a network and you also need a referral to visit a specialist.

The advantage of an HMO plan is that they are usually more affordable each month; If you currently have a doctor that you like, they would need to be part of HMOs if you want to use them.

PPO

PPO is an abbreviation for Preferred Provider Organization and this plan will allow you to see doctors online or offline.

However, the cost of doctors and services online will be much cheaper than if you go outside the network.

In a PPO plan, you also do not have to worry about needing a referral. to see a specialist.

This plan will cost a little more than an HMO plan, but it also allows you to use whatever doctor you choose, whether they are on or off the network.

POS

POS is short for Point Of Service Plan and this type of plan allows you to see any doctor as well. Just like a PPO, this plan will give you much lower rates for using a doctor on the network.

At the other end, it will still require you to get a referral to see a specialist.

If the PPO and POS plans have similar prices, I would choose a PPO.

EPO

EPO is short for Exclusive Vendor Organization and this type of plan requires you to stay in the network unless it is an emergency.

In addition, you do not need a referral to see specialists but you will be limited to only doctors and facilities in the network.

How to choose

The easiest way to choose is to first figure out if your doctor is in the network for the plan you are considering.

Is it okay with a new doctor or do you have someone you prefer to see and are the network facilities near your home or far away.

At this point, you should know which coverage options to choose and which network you want to be part of (based on your doctor).

Keep in mind that the same doctor can be part of several networks and is not always set up in a company.

Health Insurance is made easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get health insurance coverage within minutes of receiving your offers and application.

3. Finding Reputable Insurance Companies

Now is the time to start researching companies that you are considering for your health insurance.

It may seem that you have a limited number of companies to choose from, especially on the stock exchange.

But there are some ways to make sure you get a solid company that pays its claims on time.

Online Reviews

Reading what other customers are saying gives you an idea of ​​how well your company will meet your needs.

Pay particular attention to what people are saying about interest rate increases and the claims process. To find online reviews, do a Google search for: company name + reviews.

You can also check each company's social media pages to see if people are complaining and how the company is responding to these complaints.

BBB

Better Business Bureau records all complaints received about a company and then assigns a letter class.

Look for A-grades. Although a B rating is not necessarily the end of the world, it indicates that a significant number of negative reviews have been written.

A.M. Best or Similar Ranking

If you are considering doing business with a less established company, it is a good idea to check their creditworthiness and financial health.

After all, it would be awful if you tried to collect a claim just to find out that your insurance company was about to go bankrupt.

AM Best gives you a detailed picture of a company's financial situation. You should also be able to find this rating information on a company's individual website under ratings.

4. Compare costs at no cost

Now that you have a general idea of ​​the policy and network you need, it's time to start comparing the costs of your pocket.

This is important because this amount will determine what your annual care expenses would be outside of your monthly premium.

Remember, I said earlier that you want to play with the deductible and co-insurance until you have a good price point.

It is also the same for calculating your own costs. Each plane will also have what is called a maximum out of pocket.

This amount is usually shown in the distribution summary and can go well over a few thousand dollars.

Make sure the plan you choose has one of the lowest maximum pockets, but remember, like everything else, the lower your trade factor, the higher your monthly premiums.

To be even clearer, let's go over an example below:

$ 20,000 annual expenses for medical

$ 20,000 Annual expenses for medical

$ 20,000 Annual expenses for medical

$ 20,000 Annual Expenditure on Medical

Keep in mind that this is just an example, none of these figures are correct, the chart above is used to help you better understand your maximum amounts.

We also keep the annual cost of medical expenses at $ 20,000, which may be more or less for you depending on your situation.

HMO Policy

The reason this policy would cause you to spend $ 4000 out of pocket annually is because you will be responsible for the first $ 500 of your deductible.

Then your co-insurance begins to cover the 80% of the remaining $ 19,500 you would spend that year.

This means that you would have to pay $ 3,900 of your expenses. However, you would have bet a maximum of $ 4,000 when you consider $ 500 deductible and $ 3,500 from medical expenses.

Which means that your total cost of pocket before premiums is only $ 4,000 which saves about $ 400 per year. [19659036] PPO Policy

The reason why this policy would cause you to spend $ 6,700 out of pocket annually is because you will be responsible for the first $ 1,000 of your deductible.

Then your co-insurance begins to cover the 70% of the remaining $ 19,000 you would spend that year.

This means that you would have to pay $ 5,700 of your expenses.

You would not have reached your maximum cost of $ 7,000 yet when you consider deductible $ 1,000 and $ 5,700 from medical expenses.

Which means your total cost to unions, before premiums, is $ 6,700.

POS Policy

The reason this policy would cause you to spend $ 5,000 in your pocket annually is because you will be responsible for the first $ 1,500 of your deductible.

Then your co-insurance starts and covers 60% of the remaining $ 18,500 you would spend that year.

That means you would have to pay $ 7,400 of your expenses.

However, you would have bet a maximum of $ 5,000 when you consider deductible $ 1,500 and $ 7,400 from medical expenses.

Which means that your total cost of pocket before premiums is only $ 5,000 which saves about $ 2,400 annually.

EOP Policy

The reason why this policy would result in you spending $ 7,500,000 out of pocket annually is because you will be responsible for the first $ 2,500 of your deductible.

Then your co-insurance begins to cover the 70% of the remaining $ 17,500 you would spend that year.

This means that you would have to pay $ 5,250 of your expenses. However, you would have hit a maximum of $ 7,500 when you consider $ 2,500 and $ 5,250 in medical expenses.

Which gives your total cost before your premiums, to $ 7,500, saving about $ 250 per year. [19659032] Remember that this is just to give you an idea of ​​how it all works so you can figure this out yourself when reviewing policies.

Health insurance made easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Indefinite, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get health insurance coverage within minutes of receiving your quotes and application.

5. Fill in an online application

Now that you have limited your search, it is time to fill in an online application.

Once you have filled in all the details, you can get an immediate quote, otherwise companies can follow you up by e-mail or telephone.

There are a couple of ways to access the online application:

  • Visit the insurance company's website from a blog that has written a review
  • Go directly to the insurance company's website and get a quote.

When filling out the online application, have all the information you have gathered from previous steps.

It is important to be as accurate as possible because you provide all the details in your application.

everything you report is false, then it can lead to the cancellation of the coverage or an interest rate increase.

6. Paying for Coverage

There are several options when paying for your health insurance, especially if you pay through the stock market.

However, it is important to ensure that your premium payments arrive on time to the insurance company, otherwise you will lack open registration and will not be able to buy coverage for the rest of the year.

Try to pay by direct deposit if you can and if you can not be sure that your premiums will be paid well in advance of the end of the open enrollment period.

7. Remember your start date

Before you start trying to use your coverage, be sure to know exactly when your insurance will take effect.

One of the biggest problems you may encounter is using your coverage before it starts.

This can cost you lots of money if you stop going to a doctor who is no longer in your network, the affective date for your policy will come.

You would also be able to spend money before it would go against your new deductible and co-insurance.

Make sure you have a copy of your insurance card with you and make sure you present the correct one when you visit any type of medical facility.

Health insurance made easy

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get health insurance coverage within minutes of receiving your offers and application.

Taking Action

People often ask me, "Is it cheaper to get health insurance online?"

The answer is not right, most of the prices are already embedded in the policy, but you can save yourself a headache if you do the right research.

The first quote you receive will not necessarily be the best. Make sure you shop to get the lowest prices.

By using the Internet to get health insurance, you will be able to compare prices from several companies side by side instead of having to take an agent's word at face value.

There is no need to wait until Get Started, you do not want to miss the open registration.


Source link