Besides the professional service at Wilkinson Benefit Consultants or Life Quotes Inc, there are many ways to make private coverage more affordable.
Ron bought a comprehensive health insurance after he was laid off from his bakery job at the peak of the late recession. He kept his policy alive until he recently turned 65 and qualified for Medicare.
Comprehensive health insurance offers great advantages at a fair price as long as deductible and co-payment are honored by the policyholder. Hospitalization, surgery and most doctor bills are usually paid in full. It also covers catastrophic care related bills up to $500.000.00 . Prescription drugs and home-based health care are partly covered.
It is recommended to buy your policy from a financially sound company which is rated A or A+ by A. M. Best. This is a guarantee that your insurance will be there for you whenever health troubles strike. Consult the A. M. Best book which is available in most libraries across the nation. This little trip at the public library may save you from the hassles of an unreliable insurer who won’t step up on the day your health takes a terrible turn .
In the battle against all odds to keep private coverage affordable, one could think of different strategies. For instance, a premium reduction takes place if you increase your deductible, co-payment or stop-loss ( the sum at which the insurer begins to pay 100% of your costs).
Dave buys a typical individual plan with a $500.00 deductible for $547.00 a month. On his part, Moses buys the same coverage with a $1.000.00 deductible for about $390.00 a month
Furthermore, you should never buy unnecessary policy features you don’t need. Why would a woman reaching menopause buy a maternity coverage at $150.00 or $200.00 a month ? It just doesn’t make any sense!
Finally, to enjoy the peace of mind that you deserve, your policy must be guaranteed renewable. This feature puts the insurer under the obligation to continue coverage as long as premiums are paid on the policy. It also keeps any cancellation away if your health conditions deteriorate along the way.
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