You can either get an insurance plan on your own, or if you work for a good, reputable organization, you just may be offered one as a perk.
If you get your health insurance plan through your job, following are some of the things you should keep in mind:
1: Networks and Providers:
There are only going to be a set of medical care providers in the network of the insurance policy that you are going to be getting. However, Preferred Provider Organizations (PPOs) are generally more flexible with their rules as compared to HMO’s or EPO’s. So, if you are going for a PPO insurance plan, you will have more freedom in choosing your providers.
2: Updated Information
Looking up online exactly who are the providers that will be functioning in your network is a good but the information they may have listed up there, may be a little outdated. So, a good tip here would be to call the mentioned doctors/providers on your own and find out their latest rates before finalizing a decision.
3: Cheap Plans: Good or Bad?
While getting insurance plans via your job, your employer may try to get you to settle for a health insurance plan which has the lowest monthly premium. And while this may seem like a good idea at first, in the long run, it could be detrimental.
Plans with low monthly premium often come with a very high deductible. This means that even if you do settle for a cheap plan, you will ultimately have to cover a huge cost before you can actually get the insurance to start covering for you.
On the other hand, if you are buying your plans on your own, following are some tips for you:
4: Say Yes to Marketplace:
While you can directly get in touch with insurance companies without having to deal with federal/state run marketplaces, experts suggest that you should go through the marketplace as they are offering things like tax credit that may actually help bring down your premium.
5: Say not to Auto-Renewal:
If you already have a plan, at the end of every year, if you just let it sit idle, it is going to automatically renew itself. Experts suggest that this auto-renewal has many lose ends. It is better to update the plan on your own, giving in your new updated income information and perhaps even having a look at new plans.
These tips will help you shop smart for your health investment plans. We offer some of the most reliable insurance carriers like Empire Health Insurance NY and Oscar Health Insurance NY which will help you find policies that meet your health and safety needs. Contact us and start planning your new health insurance plan today.
