Health Insurance FAQ
President Obama’s Healthcare Reform promises that by the year 2014, affordable health insurance will be made available to every American, even if they have a pre-existing condition. But it’s not 2014 yet, and many Americans are still having problems getting insurance. Sound familiar? Here we will answer all of your top health insurance questions so that you can get affordable health insurance TODAY.
What are the most important things to look for in health insurance when I’m on a budget?
Never sign on any dotted line with an insurance company until you feel comfortable with the fact that they can meet your needs. Before you begin looking for health insurance, you need to know what you need from it. Think about what is important to you and your family when it comes to health matters. How many times did you have a doctor’s visit in the last year? Are you or any members of your family currently taking any prescription medication? Do you need them regularly? Do you or any members of your family have pre-existing conditions? All of these questions must be answered before you seek health insurance, the more you need from health insurance, the better able you will be able to make a decision on which is the best policy to get.
Should I put deductibles on my health insurance policy?
Again, this is a personal decision that will rest on how much you use health care services. The more you use them, the greater the likelihood you will be out of pocket with deductible expenses. Do you have a savings account for them? Generally speaking, the higher your deductible, the lower your premiums will be and vice versa. If you don’t use health care much, deductibles are a great way to lower your health insurance costs. If you use health care for general or preventive purposes (as opposed to frequent visits etc), Healthcare Reform now assures you will not have to pay for physicals, well-woman exams, well-child/baby exams, and the like, as they are now covered by all plans regardless of your deductible.
Does it matter if I go with Generic prescriptions or Brand Name on my plan?
Today the pharmaceutical industry has equipped us with generic brand medication that offers the exact same ingredients as their brand name counterparts at a fraction of the cost. It is never a bad idea to use generic prescriptions if saving money in your health care is a must. Before you decide this with your insurance provider, you want to look at the medications you are currently taking, and see if there are any generic alternatives. Sometimes there aren’t, but in many cases there are. If you choose generic prescriptions for your policy, and then find the one you need doesn’t have a generic alternative, you will be out of pocket that expense. If you don’t use prescriptions often, generics on your policy WILL save you money on health insurance!
What about pre-existing conditions?
Until Healthcare Reform is fully in place in 2014, pre-existing conditions still have an effect on health insurance. These include anything from diabetes, to asthma, to hypertension, and even pregnancy. You may not be approved for standard health insurance if you have a pre-existing condition, however you may be able to get health insurance known as the Pre-Existing Condition Insurance Plan. To find out which providers are offering this service, shop around for health insurance!