Posted by : Dan Levenson Monday, June 23, 2014
A hallmark of adulthood, getting your first health insurance plan need not be so daunting. Though there are a lot of confusing terms floating around like co-pays, deductibles, and premiums, a prospective buyer should easily be able to get the information he needs and the plan he requires. Here are a few things to remember.
- Determine that you need one first. Yes, you’ll be needing an insurance plan to protect you from any health problems, but you may already be covered on someone else’s plan. If you’re under 26, your parents’ insurance can cover you, as would the plan of your domestic partner. If any of your close family member is covered, you can ask to join in his or her plan.
- Workplace insurance is one of the most accessible and affordable option. Your employer will help pay for the premiums when you join in the company’s group insurance policy.
- For those who want to get their own policy, it is best to shop around first. Comparing rates will help you get the most benefit from the least cost. You’ll have to consider all the components of the policy, the conditions that the plan covers, and how high your deductible is.
- The size of the insurance network is important. The larger the network of medical providers, the more choices you have to select the best health providers in the list to meet your health needs. You want your insurance policy to be accepted in as many medical establishments as possible, and in among the best ones.