Obtain A Low Cost Health Insurance Quote The Simple Way
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Premiums for health insurance have gone over the top in the past few years, so the question becomes how can you buy a plan that won't break your financial budget. The below article demonstrates how to obtain an inexpensive plan the simple way.
Catastrophic Medical Plans
Major medical health care plans, also known as catastrophic medical plans, are now the most economical non-comprehensive medical plans. They've got low premiums as well as a high deductible - the total amount you have to pay before the insurer pays.
Major medical plans will not pay for routine visits to the doctor or your prescribed drugs, however they will pay for your hospital stays, surgical expenses, X-ray fees, and lab test charges.
If you are relatively young, healthy, rarely see your health care provider, avoid using high-priced prescription medications, and are on a limited budget, these plans may be just the ticket for you.
Comprehensive Health Plans
HMOs (Health Maintenance Organizations), PPOs, (Point-of-Service Plans), and also POSs (Point of Service Plans), are the cheapest way to go if you want comprehensive medical insurance protection.
Health Maintenance Organizations
Of all of the comprehensive medical plans HMOs are the lowest priced. With one of these plans you are required to select your health care provider from the list authorized by your HMO.
Any time you see your physician you will have to pay a small copayment, usually $10 to $15. The advantages of these plans is there aren't any deductibles to pay for, plus you don't have to spend your time and energy filling out medical insurance forms like you will with standard health plans.
Your primary care doctor is going to either treat you or else send you to a specialist when you need medical help. Should you go to a doctor outside your own HMO network, your HMO won't cover your expenses.
Preferred Provider Organizations
Preferred Provider Organizations are among the more popular health plans because they are more flexible than HMOs. Just like an HMO, you will have to choose your doctor from an authorized directory of doctors.
PPO copays tend to be about the same as they are with an HMO, plus there are no deductibles or forms to worry about, however in contrast to an HMO you won't have to confer with your primary doctor to be able to go to a medical specialist.
Point of Service Plans
Point of Service plans provide you with the most flexibility of the three healthcare plans and , therefore, are more expensive. Like HMOs and PPOs your medical care is provided by way of a network of physicians plus hospitals, but in contrast to those plans you are allowed to use the health care provider of your choice.
Copayments tend to be about the same as they are with HMOs and PPOs, and if you go to a doctor who isn't part of the POS network you'll be reimbursed as much as 80% of your medical expenses.
Where You Get Low Cost Quotes
In order to get the cheapest quotes you have to shop around, and the fastest and easiest way to do that will be to go to an insurance comparison website. With these websites you'll get price quotes from health insurance providers competing for your business. A few websites have an insurance expert available so that you can chat with him or her online to receive answers to all of your questions.
To get your price quotes you'll need to fill out a simple questionnaire with information about yourself and your overall health, then after you submit your questionnaire you will start to get price quotes from a variety of highly rated providers. Once you get your price quotes you can easily review and compare all of them and pick a plan with the cheapest rate and the best coverage that matches your requirements. The beauty of using a comparison website is that it's quick, simple, and free. lowerratequotes.com/health-insurance.html
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