In today’s health insurance market, the word affordable may soon have to be taken out of the equation because it is becoming less and less likely that you are going to be able to obtain an affordable health insurance policy that doesn’t have numerous benefits carved out of it.
The skyrocketing costs of physician care and hospital care as well as tax paying consumers having to shoulder the extra costs of those who never pay their health care costs has increasingly added to the high rates we have to pay for our health insurance premiums.
Here are some options to obtaining affordable health insurance coverage:
Normally, the best way to obtain affordable health insurance has been historically through your employer and many employers are still able to offer good health insurance coverage.
However, because of the heavy burden of the expense of insuring employees only 60% of the United States employers are able to offer health insurance to their employees. Also, the health insurance benefits offered are being further and further reduced to help lower costs such as much higher deductibles and less coverage for prescriptions, etc. Employers are also requiring those employees who participate to pay a larger and larger portion of the monthly premium.
Individual policies are definitely an option and can at times be better than the health insurance coverage that your employer is offering if in fact he/she is offering health insurance coverage at all. To help lower the cost of your monthly premium you can choose a higher deductible option. You can also choose a higher copay option or no copay at all and simply meet a specified deductible before your insurance begins covering your healthcare costs.
However, you then run into the problem of maternity care being covered only marginally at an additional cost, waiver of coverage for pre-existing conditions or no coverage at all if you have certain existing medical conditions.
There are also alternatives to health insurance such as discount health plans. These plans are definitely affordable and everyone is accepted regardless of any existing medical conditions. Discount health plans are comprehensive and provide savings for everything from hospitalization and specialists to dental care, prescriptions and alternative medicine. Some discount health plan providers also offer low cost insured products such as Accident Medical, Hospital Indemnity plans that pay a cash benefit directly to the consumer and Long Term Disability plans. When choosing this type of health plan you should remember to check and see if there are sufficient providers in your area.
Every consumer has unique needs and with careful research and due diligence should yet be able to find the right affordable health insurance plan to meet their needs.