Insurance provided by employer
Most workplaces offer health insurance and further provide options from which to choose from. However, in case you own a business or your employers don’t offer insurance, you will need to get one.
Search for options
Generally there are three types of health insurances on offer. Health Maintenance Organization (HMO), Point-of-service plans (POS) and Preferred Provider Organizations (PPO). HMO limits you to a specific network where medical doctors will be assigned to you. POS will allow a combination of HMO and PPO. Apart from taking the usual course of going to a specific physician, you can consult other specialists. The fee will be relatively higher. PPO also offers similar insurance as compared to POS but the fee is higher as you are not bound to consult a specific doctor.
Determine your needs
That will based on your current health and any services you will require with time. If you are single, but intend to get married in a couple of months time, look for a policy which will cover the claims of your dependants. However, make sure to consider your current income before opting for a coverage that covers everything. If you feel that you will be able to cover the added cost of your dependants in the future, then opt for the coverage which is able to provide all relevant services.
Compare the policies by contacting three or more insurance companies. Search online or simply go around and meet in person. There will be many things to consider, starting from monthly rates and deductibles. Do you want out of network coverage, any specialist doctor or hospital recommendation, preventive and emergency care? Ask yourself all such questions before deciding on the monthly premium. Now again compare each option on hand and check the best rates that you can get.
In case of appeal or denial
Many find troubling challenging claims after they have been denied. Therefore it is important to check whether you will have the right to appeal.
Now pick a plan
Make sure to go through all the terms and conditions before you sign it.