Have you been looking for a cheap health insurance plan for yourself and/or your family? It’s frustrating isn’t it? It seems as though most of the cheapest policies out there don’t provide a whole lot of health insurance coverage. That being the case, what’s the point? Well, there are ways to get cheap health insurance, but it may mean that you’ll have to pay a bit more out of your own pocket for routine care. However, you would be mostly protected against long term hospital costs. Let me explain how this would work and you can decide if it would be an option for you.

Buy a cheap health insurance plan and raise the deductible to the maximum annual amount. This means that if you have a maximum deductible amount of $5-$10,000, then this is the amount that you’ll have to pay each year before your health insurance will start paying for anything. I know, I know. You’re probably asking yourself “what’s the point”? Well, the point is that most people don’t see the doctor more than twice per year, and even then it’s usually for minor care, such as cold, flu, ect., so paying for these visits shouldn’t set you back too much, unless of course you have a large family. In that case, you’ll have to make sure you have plenty set aside for doctor visits.

Anyway, if you have a plan with a $250-$1,000 deductible, you’d have to pay those costs yourself too before your insurance company started paying. You’ll save a lot off of your premiums each month by raising your deductible. Also, most plans have a 20% co-pay so even when your policy kicks, in once you’ve met your deductible, you’ll still have to pay something yourself out of pocket.

The main idea here is to buy a cheap health insurance policy in order to protect yourself from huge hospitalization costs. Look at this example. If you have a $100,000 hospital stay, in the event that you have a $5,000 deductible, you’d be responsible for paying that $5,000 plus 20% of the other $95,000, which is $19,000. That’s a total of $24,000 you’d have to pay. However, you’d have to pay $19,000 anyway, even if your deductible was lower.

The whole point here is to find a cheap health insurance plan that you can afford and compromise. You’re not going to get out of paying all of your hospital costs, regardless of your deductible amount. This is just something you’ll have to consider as you look for cheap health insurance. The decision is, of course, up to you.

By: Joe Stewart

About the Author:

Not getting enough medical and/or dental coverage from your employer? Don’t bother requesting anyone for better health coverage. You can find lots of cheap health insurance quotes from well-known health insurance companies online, which can offer you the type of coverage you want for you and your family at the lowest prices available.

Just hook up your computer and look for cheap health insurance online. If you don’t own a computer, borrow one for some time from your friend, or use one at the local library. You can receive online health coverage quotes in a matter of seconds. Many online companies can get you health insurance quotes not just from the health coverage company of your choice, but also from other competing companies, making it easier for you to choose the right coverage for you while saving you more money.

You can also choose the type of coverage you need. Maybe you want health coverage for your entire family, or you want something to get you through your maternity period. You have a lot of options to choose the health plan right for you, your family, and your circumstances. You can choose both short term and long term health plans. You can decide what you want, and after a few simple questions about you and your family’s medical history, you can scan and compare different online health insurance quotes to find the one suitable for you.

Words to the wise – Before buying any health coverage, make sure you first understand the policy thoroughly. Read through the policy word by word. Pay attention to what deductibles you would have to pay under different circumstances. If you come across any difficult word, search it online and understand the meaning. You can also get help from someone you know. Someone with experience in understanding such complex document.

If you are still having doubts, look for the company hotline numbers in those health insurance quotes. Usually company hotlines are toll-free numbers, so you won’t be wasting any money. You can call these numbers to talk to a company representative directly. Ask every question, no matter how silly, which comes to your mind to clear away all your doubts. Finally, buy the policy that makes the most sense to you, and saves you money too.

By: Cameron Drew

About the Author: