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A Step-by-step Guide to Choosing a Cheap & Affordable Health Insurance Plan

Perhaps youu2019ll not get much time in choosing and buying a health insurance plan for yourself or your family. There are several cheap and affordable health insurance plans available in the marketplace. But that doesnu2019t mean you have to compromise on certain essential services. Think step-by-step and pick the right plan within your budget.

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A Step-by-step Guide to Choosing a Cheap & Affordable Health Insurance Plan

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  1. A Step-by-step Guide to Choosing a Cheap & Affordable Health Insurance Plan Perhaps you’ll not get much time in choosing and buying a health insurance plan for yourself or your family. There are several cheap and affordable health insurance plans available in the marketplace. But that doesn’t mean you have to compromise on certain essential services. Think step-by-step and pick the right plan within your budget. Step 1: Choose the channel of distribution that suits you If you are an employed person, you may have been insured through your employer. If this is so, you don’t have to use government health

  2. insurance marketplace or exchange of your state. If your employer doesn’t offer health insurance, then you can shop in the state marketplace where you are living right now. You can choose affordable health insurance plan form the different options of insurers and companies available to you. You can also choose to buy health insurance from a private exchange or an insurer directly though their agent or online. However, if you choose any of these options, you’ll not get the tax credit on your monthly premium. Step 2: Understand the Technical Terms While reading the brochures online or printed, you will come across several new terms like deductible, co-pay, coinsurance, out-of-the- pocket costs. You will also come across some professional terms like HMO, PPO, EPO, POS, etc. Understand the terms well to find the best health insurance plans. These are the terms that determine the quality of the plans and their costs to you. Step 3: Compare the Networks Comparing the network of doctors of a plan with the similar types of plans of the same insurer or other insurers is vital. Doctors within the insurer’s network cost lesser than doctors outside the network. But your lifestyle and profession may seek consultation to doctors outside the network or a broader network. The cost of an insurance plan depends a lot on the network quality.

  3. Step 4: Compare the out-of-pocket costs to you Read the brochure well to understand your out-of-pocket costs. Normally, the state or federal marketplace helps you to compare this aspect easily. Your target in this step would be to narrow down the options as per your budget and choices available. Step 5: Compare the other benefits as well Compare the plans for some other benefits as well like pregnancy- related costs, family planning costs, mental health care, dental care, emergency coverage, how much prescript drugs are covered, etc. Make sure that the plan covers the necessary and regular healthcare services that you need at your present health condition. CONNECT WITH US Our health insurance plan is just a call away. Call us, email us or visit our social media channels. We will be more than happy to help you. 877-409-7398

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