Monday, November 11, 2013

Personal Health Insurance - How to Get the Best Rate

Personal health insurance provides you with financial coverage for medical expenses or lost income resulting from illness or injury. It can include:

* Health coverage

* Dental coverage

* Vision coverage

* Major medical/accident coverage

Typical expenses covered by such a plan include both preventive and diagnostic care such as :

* Physicians' fees

* Medical exams

* Laboratory tests and X-rays

* Hospitalization costs and surgical fees

* Maternity care

* Prescription drug costs

Unless you can buy this insurance through your employer, it can be quite expensive. However, you can save money by following these tips:

Build Healthy Habits

People who avoid tobacco, exercise regularly, and maintain a healthy weight pay less for their health insurance.

Consider a PPO or HMO plan

PPO (Preferred Provider Organization) and HMO (Health Maintenance Organization) plans cost less than traditional fee-for-service (indemnity) plans. You will be limited in your choice of doctors and hospitals, choosing from a list provided by the insurance company. In addition, with an HMO plan, you may need approval to see a specialist.

Consider Major Medical Insurance

Major medical plans cover larger expenses, such as surgery or injuries. You pay for smaller expenses such as routine office visits yourself. This type of plan saves money if you are in good health.

Choose a Plan with High Deductibles

The higher you set your deductibles, the lower your premiums will be.

Shop Around

Insurance rates vary dramatically from company to company, so you should comparison shop when you buy personal health insurance.

Fortunately, insurance comparison websites on the Internet make it easy for you to compare rates and companies. You just fill out the simple questionnaire on the website and you'll receive quotes from multiple A-rated health insurance companies.

On the best websites, you can even talk with insurance professionals, asking questions and getting quick, expert answers (see link below).

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