Earthquake insurance, do not gamble with health insurance. Just a couple of days in the hospital can drain almost anyone’s savings. Health Insurance can his beloved, but with a little research, you can find coverage that Fits Your Budget.
Sign on with the health insurance provided by your employer it is likely to be the cheapest option you can find. Search for your own insurance if you’re self-employed, or if your company does not offer it.
Investigate coverage under COBRA (Consolidated Omnibus Reconciliation Act of 1985) If you’ve recently left your employer. By COBRA you can extend your coverage for 18 months beyond your separation date, though you have to pay the premium themselves.
Find a health insurance broker to compare plans and costs for you. The National Association of Health undervriters (nahu.org) can help find one in your area.
Buy a fee-for-service plan. The biggest plus is that you have complete control over what doctor you see and decide for yourself when you need to see a specialist. However, there is a significant out-of-pocket cost for this kind of care, the premiums are generally higher, and if your doctor charges more than what is considered customary, you may have to shell out additionally for that care as well.
Sign up for a managed care plan where your insurance provider determines which doctors you can see. There are three basic types of managed care:
Preferred provider organizations (PPO) have a list of doctors to select from when choosing a doctor who will be your first contact for health care. If you see doctors in your insurer’s network, you pay a small co-payment. However, if you see a doctor not in the network, your co-pay is higher. You also generally do not need prior approval to see a specialist – PPO give you the most flexibility but cost more in monthly premiums and out-of-pocket costs.
Point-of-service (POS) networks are similar to PPO, except that your primary care physician makes decisions about which specialists you can and can not see. You can still see a doctor outside the passport network, but face higher pees and more paperwork to do so.