Optional private medical insurance benefits such as prescription insurance may or may not be worth the extra money. A bad decision here can mean that you are paying a $100 in extra premiums and getting something less than $100 in value in return.
Prescription Insurance Comparison
There are a lot of companies offering [...]
When evaluating health insurance plans, the best way to do so is to look at the total price that you might pay when you add the monthly premiums with the costs that you might pay in deductibles, co-pays and other cost shares. This means that often a low cost health insurance plan is often the most economical and provides the best coverage.
This may not technically be a secret, but it is not well known even among insurance agents. I was an agent for almost 20 years before I discovered that the default way to insure a family wasn’t always the cheapest or best way.
Usually a family that wants to insure both parents and a child or both parents and children will find that the best deal for health/dental insurance for their kids is to put them on the family policy. However, insurance companies have different rating procedures for children which can create confusing [...]
You can put yourself at undue risk if you reduce your insurance coverage the wrong way. However, there is a right way to do it. You may be able to save money on your coverage while still maintaining the protection you need. Below are three strategies to that can lower your costs.
Reduce [...]
Medical insurance can be very costly today. Buying the wrong health insurance policy can be even more costly. There are certain health insurance types to avoid.
Healthcare insurance policies that list dollar amounts for each procedure may seem to offer more coverage than policies that don’t. Usually the opposite is true. A [...]
Misunderstanding how COBRA works often costs families hundreds of dollars in premiums and tens of thousands of dollars in uncovered medical expenses.
Not properly coordinating the cancellation of your old medical insurance policy with the effective date of your new policy can cost you a lot of money and heartache.
In many cases, there are no discounts for group health insurance, when compared to individual health insurance! This is a very common misconception. When you buy more of something, you usually get a better price. This isn’t always true with medical insurance coverage.
A private medical insurance application is usually medically underwritten. A [...]
More and more insurance companies are recognizing domestic partnerships and are allowing non married couples to be covered by the same insurance policy. In some situations there are advantages of sharing the same health care policy in some situations there aren’t.