Unless your employer offers you group health insurance you know you have two options. You can wait until you need to see a doctor and then have to pay a small fortune to be seen or you can purchase your own insurance. There are fairly inexpensive individual and family plans that can give you the coverage you need at a price you can afford. With so wide a range of health insurance price what exactly is a fair price?
Yes, some insurance companies charge significantly higher premiums than others, but this high health insurance price may actually be better in the long run. For the most part the higher your monthly premium is the lower you’re deductible. The way a deductible works is that is the amount of money you must pay before the insurance will start paying for health services. If you have a high deductible it can still end up costing you thousands up front to get your insurance to kick in. So you need to think about it, would you rather pay an extra fifty dollars now or thousands of dollars later?
Another factor in health insurance price is what coverage’s you get. It is possible to pay a low premium, but you should see what coverage you are actually getting for the price. Many plans have very limited coverage and things like prescriptions may not be covered, this can be a horrible plan if you take medication that costs several hundreds of dollars a month.
The price of health insurance is all relative; after all you get what you pay for. If you want to compare all the different prices there are websites that allow you to get instant quotes so you can compare ad see which plan is the right for both you and your wallet.
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