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http://HealthcareSolutionsTeamSarasota.com How Do I Buy An Affordable Individual Health Insurance In Pennsylvania? Let's first share with you what is individual health insurance? Health insurance covers medical expenses for illnesses, injuries and conditions. But, unlike a plan through an employer, individual health insurance is something you select and pay for on your own. So, what’s health insurance for and why do you need it? * Because accidents or health problems can happen at any time * Medical expenses can be high—they’re the number one cause of bankruptcy * To gain access to a network of doctors and hospitals that have negotiated lower rates with insurance companies * To pay and keep track of medical payments quickly and easily * To safeguard your way of life and your family’s physical and financial wellbeing The Healthcare Solutions Team Sarasota can help you sort through the best way for your personal coverage.
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How Do I Buy An Affordable Health Insurance In Pennsylvania
How Do I Buy An Affordable Individual Health Insurance In Pennsylvania? Let's first share with you what is individual health insurance.
Health insurance covers medical expenses for illnesses, injuries and conditions. But, unlike a plan through an employer, individual health insurance is something you select and pay for on your own. So, what’s health insurance for and why do you need it?
* Because accidents or health problems can happen at any time * Medical expenses can be high—they’re the number one cause of bankruptcy * To gain access to a network of doctors and hospitals that have negotiated lower rates with insurance companies
* To pay and keep track of medical payments quickly and easily * To safeguard your way of life and your family’s physical and financial wellbeing
The Healthcare Solutions Team Sarasota can help you sort through the best way for your personal coverage.
Understanding Health Insurance Terms We know health insurance has its own language with different terms, like “deductibles,” “coinsurance” and “copayments.” Once you get a good grasp on some of these basic terms, you’ll see how simple health insurance can be. Let’s start by defining these terms:
Deductible: This is a set amount you have to pay toward your medical bills every year before your insurance company starts paying. It varies by plan and some plans have no deductible.
Premium: This is the amount you pay your health insurance company to keep your coverage active. Most people pay their premium monthly.
Coinsurance: This is the percentage of your medical bill you share with your insurance company after you’ve paid your deductible. Unless you have a policy with 100 percent coverage for everything, you have to pay a coinsurance amount.
For example, if you have a $100 doctor’s bill and your plan covers 80 percent of it, your coinsurance amount due to the doctor’s office is 20 percent, or $20.
Copayment (or “Copay”): Your copayment, or copay, is the flat fee you pay every time you go to the doctor or fill a prescription. It’s usually a relatively small dollar amount. Copays do not count toward your deductible.
There are other insurance terms that may be confusing to you, but starting with these four is a good foundation. How Do I Buy An Affordable Health Insurance In Pennsylvania?
1) First things 1st, Protect yourself Never, Never, Never let your health insurance lapse. If your new insurance doesn't come through or your health conditions have changed you may not be eligible for similar coverage at a similar price.
2) Know what your buying Remember if it sounds too good to be true, it probably is. When comparing health plans, check the "Exclusions" first. One of the first things an experienced agent looks at in a health insurance plan is the list of plan exclusions, or what is not covered.
Often found in small print, what is not covered is equally if not more important than what is. The Healthcare Solutions Team Sarasota can help you sort through the best way for your personal coverage. www.HealthcareSolutionsTeamSarasota.com
3) Important notes of interest Smoking will dramatically raise the policy prices of your health and life insurance plans. Locking into a health insurance policy when your young will help you ensure long term affordable coverage since getting health insurance when your older, or have established medical issues is more difficult & costly.
Having some individual health insurance is far better than having nothing at all. With no rehabilitation benefits you could lose your job, in turn losing everything you've worked for.
4) What are your needs? Are you planning on starting a family, and therefore in need of both maternity and child coverage, including immunizations? A problem newborn can easily accumulate $200,000 in advanced medical care.
Therefore a plan with maternity benefits can shoot up costs. Overall, buy the best policy you can afford to keep. Would you like your office and/or hospital visits included in your coverage? Do you need coverage for prescriptions? Be sure to consider your current and future needs when shopping for insurance.
Do not inquire about health insurance until you have fully evaluated your present and past medical conditions. An Individual Health Insurance Company may elect not to cover your conditions, or they may pump up the normal premium rates.
Affordable health insurance in any state is usually obtained through an employer who offers a health benefits package - Pennsylvania is no exception. However, not all employers offer health benefits packages to their employees, and they aren't legally required to.
Also, some people work one or two part time jobs and aren't eligible for either employer's health benefits packages because they don't work enough hours. In other words, they aren't full time employees, so the employers don't feel they are important enough assets to insure.
Other than purchasing an individual health insurance policy in Pennsylvania, which is usually always more expensive than buying into a group health insurance policy such as those offered by employers.
Or seeking state assistance for health insurance, there are two other options for obtaining affordable health insurance, or at least medical cost coverage, in Pennsylvania.
One option for obtaining affordable health insurance in Pennsylvania is to purchase major medical policy with a high deductible. Of course, these kinds of health insurance policies usually don't cover regular doctor's visits, but they will cover major medical expenses such as emergency room visits, hospitalization, and surgeries.
Plus, because of the higher deductible, they are more affordable that a regular health insurance policy. Another option for obtaining affordable health coverage in Ohio is to set up a Health Savings Account, also referred to as HSAs.
HSAs aren't health insurance policies per se, but they do allow you to save money along the way should you need to visit a doctor, be medically treated, or pay for any other health service.
Obtaining affordable health insurance in Pennsylvania - or any other state, for that matter - is no easy feat if you aren't offered a health benefits package through an employer; however, don't give up.
Aside from purchasing an individual package or seeking state assistance, you can purchase a major medical policy or start an HSA to cover some of your health costs. The Healthcare Solutions Team Sarasota can help you sort through the best way for your personal coverage.
To get free quotes and learn more about insurance please visit the following recommended site. www.HealthcareSolutionsTeamSarasota.com
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Chip Dobson National Marketing Director/Partner Healthcare Solutions Team, Inc. 5969 Cattlemen Lane Sarasota, Florida 34232 Office: (941) 702-9093 Fax: (941) 702-9089 Email: cdobson@myhst.com
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