What should you look for in a health plan?
Do you know what to look for when purchasing a health policy? It's one of the most important decisions you can make. To help you determine your final choice, we are giving our users this list of what to consider:
- Make sure you are looking at plans offering comprehensive coverage. Some products, such as pharmacy discount cards, aren’t actually insurance, although they seem like a comprehensive plan.
- Check customer and agency reviews to see if they are reliable and have the ability to pay claims.
- When deciding on what to spend for a health plan, try to balance monthly costs with the amount of protection a plan provides. A low cost policy will probably not offer the same coverage as a more expensive one. The cheapest option may actually cost you more in the long run.
- Steer clear of plans that don't have a maximum out-of-pocket limit on covered charges.
- Double check that the policy that you want covers the healthcare services and medications you need.
- If you want to continue seeing your current doctors, find out if they are included in the policy’s network. If you don’t want to keep your doctors, you should still research to see if the in-network healthcare providers have a good reputation and are located near you.
- After you select a plan, read the fine print to make certain that your premiums won’t increase for a year.
What are you entitled to under the Affordable Care Act?
The Affordable Care Act (ACA) has changed healthcare in the United States in ways both big and small. Happily for most Americans, it offers safeguards to ensure everyone gets quality healthcare. It also offers several ways to lower the amount spend on care without losing coverage. We have compiled the benefits that Americans now have a right to under ACA.
- The ACA provides payment assistance in the form of subsidies to households that are within certain income ranges. The subsidies are determined by the ratio of the number of people in the household to their total income.
- You may be able to receive “catastrophic” health coverage if you are under 30 years old or have a “hardship exemption." This kind of protection shields you from exorbitant medical costs if you need a significant amount of care.
- If you are under 26 years old, you may have a right to remain on your parent’s policy.
- The ACA forbids insurance companies from billing you or your dependents higher premiums for pre-existing medical conditions or for being a woman.
The ACA has created a new healthcare landscape in which policyholders can ask more of their health coverage providers. Knowing your rights will enable you to protect your health, as well as save money on coverage.