Research is extremely important when considering health care, and if a health fund has not been budgeted for, it is important to obtain the best plan for the least amount of money. If medical attention is needed immediately, a no waiting period health insurance plan may be necessary; however research should still be done. In addition, when considering purchasing a health insurance plan, it is important to ask a variety of important questions in an effort to obtain the most suitable and affordable plan.
For instance, one important question to ask the insurance provider is if they are an independent agent or broker. An independent agent or a broker can offer plans from many different carriers. Based on the client’s needs, they search carriers to find a plan to cater to a particular budget. If choosing an agent, he/she may be tied to one carrier and may only be able to offer a plan from that one carrier. For clients who are in need of a no waiting period health insurance plan, the broker may be a better choice.
Another important question to ask the potential provider is how quick they are at processing claims. Many carriers do not always pay claims in a timely fashion. This may be unacceptable in certain cases, especially those who require a no waiting period health insurance plan and have immediate needs. In addition, it is also important to determine what can be expected from the underwriting process. A broker which has been in business for many years can give a general outline of how underwriting should be performed. They should know the carriers fairly well and they should be able to tell the client about how strict the carrier is, when to expect a phone call from the underwriters, how long the process normally takes, and any other important and pertinent information.
It is also important to inquire about current health conditions. A good broker should be upfront with any conditions the client has and what the carrier may offer. Hospital cover is just as important as basic cover for people who have pre-existing conditions and are in need of a no waiting period health insurance plan.
Finally, learn whether or not there will be a waiting period. No waiting period health insurance does exist, which is why research is incredibly important. Many people do not research their options and find out that there is an extensive waiting period once they are at the doctor’s office. In an effort to avoid this situation, it is recommended that customers attempt to find a carrier who will offer a no waiting period health insurance plan.
Although it may be a daunting task, it is important to talk to different insurance providers in order to obtain the best plan for the least amount of money. Taking the time to ask the right questions will have excellent long term benefits. Without it, customers may end up paying for a policy which does not offer proper coverage, and may not find out until it is too late.