What You Need to Consider When Buying a Health Insurance Policy

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Having a health insurance plan is important, however, finding one that’s affordable and right for your needs can be quite tricky. If you are looking to buy a new health insurance plan, here are some things to keep in mind.

Your Doctor

Certain health insurance plans will require you to only visit doctors that are part of their network. If you are currently seeing physicians who you would like to continue seeing, it’s important to check whether these physicians are part of the new health insurance provider’s network.

Waiting Periods

Many people purchase health insurance in a rush and miss checking the waiting periods for pre-existing conditions. So, if you are signing up for a new plan, make sure to check what pre-existing conditions are covered and what the waiting periods are for these conditions.

Prescription Drug Coverage

If you are currently on prescription drugs that you need to be taking on a regular basis, it’s a good idea to check the prescription drug coverage of the health insurance plan you intend to purchase. Keep in mind that prescription drug coverage can vary significantly from plan to plan.

Additional Services

It’s necessary to take into consideration what additional services the policy covers. Some examples of these services are mental healthcare, alcohol and drug rehabilitation, alternative treatments, experimental treatments, etc.

Cost of The Policy

The cost of health insurance varies from company to company. So, in order to get a good deal, you should compare the prices of different policies. That said, make sure to not choose a policy on the basis of the price alone; it’s important to also take the coverage offered by the policy into account. In addition, you should also take into account the deductible, and make sure to find out what the copay is.

Exclusions

It’s crucial to review the exclusions of different policies, so you are aware of what’s not covered. This will ensure that you don’t have any surprises once your coverage begins.

Health Screenings

if you like getting health screenings done on a regular basis, make sure to check whether health screenings and physicals are covered as part of the wellness plan or covered under preventive care. If you have children, it’s also a good idea to check whether the policy covers immunizations and check-ups for children.

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