Living Without Health Insurance Is Not A Good Idea


Do not approach health insurance with fear. It is true the field is complex and your options are many, but the more you learn, the safer you will feel. Health insurance is similar to healthcare itself. An ounce of prevention is worth a pound of cure. By making smart choices when you select health insurance, you can avoid difficulties in the future.

Make sure you consider your overall health, as well as that of your family, as you make your policy selections. If there are no foreseeable or imminent health problems, you may feel that it is appropriate to buy insurance that is less costly. Saving money is good up front, but if you don’t have enough coverage, problems can get expensive quickly.

Track your health insurance premiums to cut down your tax liability. It’s common for people not to know that health insurance premiums are tax deductible. Any money you pay for your deductible, co-pay, or even prescriptions are claimable as well. Check the guidelines since federal and state taxes differ.

Despite the kind of coverage you’ve got, you can save money by getting generic drugs. Generics are available in most cases and contain the exact same ingredients as a brand name.

Remember that each state regulates the private insurance companies under its own jurisdiction, so interstate commerce laws prevent private insurance from being sold to you in one state if you live in another. Always make sure that you know which doctors and hospitals are covered by your plan. Insurance companies set their own rules, so be sure to find out their policies ahead of time.

Determine the specific health insurance policy that would best serve you. There are PPO, POS and HMO plans to choose from. Check out the different options for each before you decide which one is best. If you have an established relationship with a trusted physician, you should verify that he or she is considered a preferred participant on your plan’s network.

Make sure the doctors and medical facilities you routinely use recognize the insurance you are considering before you sign up with the plan. You should be able to find a list of hospitals and doctors who accept the insurance you are interested in.

Some employers do not let your spouse ride on your insurance without a spousal surcharge if your spouse’s employer also offers insurance. It may be cheaper to have two different policies through your employers, so add it up.

It is cheaper to be on a group plan when you have insurance. Your rate will be lower if you are in a plan at work rather than an individual plan on your own. You can avoid higher costs by joining a trade organization who offers members insurance.

Catastrophic health insurance is an excellent choice for anyone who cannot pay for a comprehensive insurance policy but wants at least minimal coverage in case something unexpected happens, such as an injury, accident or life threatening illness. It’s also good to add it to your comprehensive policy as an added coverage in case of extreme circumstances.

Even if you have an inside pet, you should still purchase some health insurance. There always exists the possibility of your pet accidentally ingesting something poisonous or becoming injured indoors, or getting outside and getting hurt. Your pet can still break a tooth or bone indoors, and that may need pricey vet care.

It’s important to do extensive research before signing up for health insurance if you suffer from a pre-existing medical condition. With certain pre-existing conditions and certain insurance providers, insurance coverage will be much more expensive or even impossible for you to obtain. The best way to get a good price is if you do some research.

Do not wait util you get injured or sick to find out exactly what your health insurance plan covers. You should be prepared and understand what your policy covers ahead of time, as well as what options are available to you. Living with poor health insurance is a bad decision, but it is one that you can correct at any time.

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