HealthCompare Shares Tips on Finding Affordable Health Insurance
Online, August 10, 2011 (Newswire.com) - Health insurance comparison website HealthCompare is offering consumers a list of tips to assist them in finding affordable health insurance. Every year more Americans find themselves in a position of having to purchase their own individual health insurance, either because of unemployment, self employment or a reduction in benefits offered by their employers. HealthCompare is there to help those consumers by offering them the following tips on how to find medical coverage that will fit their budget.
Tips for Finding Affordable Health Insurance
1. Catastrophic health insurance plans are one affordable health insurance option. Although many dismiss these plans as not being worth it because the deductibles are so high the truth is that they can help you in many ways. For starters, there is a huge difference between owing ten thousand dollars and one hundred thousand dollars. Even though the cap is high, with this kind of affordable health insurance, at least there is a limit to what you can owe. Also, you will be eligible for the reduced rate negotiated by the insurance company which can be half or less of the full price of services and you won't have to pay upfront as many physicians groups are now requiring patients without insurance to do.
2. Make sure you are only buying the coverage that you need. Affordable health insurance requires that you pay attention to all the details, including what coverage you are paying for. If you aren't going to become pregnant, you won't need maternity coverage, for example.
3. Check all professional organizations you belong to and see if they offer group rates for medical coverage. This isn't always the most affordable health insurance but it can't hurt to check.
4. If you are low income, have children or are ineligible to buy coverage, your State might be able to help you. Contact your state's Insurance Commission or Department of Health and Human Services to find out what options they offer for those on limited income, children who do not have insurance and medical plans for those who are denied coverage.
5. If you are under 26, you might be eligible to get coverage under your parent's employer sponsored plan. This could be much more affordable health insurance than you could buy on your own, with lower copays, deductibles and other out of pocket costs. Ask your parents to contact their human resources department to see if their employer must offer this option and how to sign up.
Consumers are invited to visit the HealthCompare website and
take advantage of their free health insurance quotes comparison tools to find out what policies are available to them.