Tweet

Three Strategies to Cope With Health Care Insurance Payments Stay Fit

Guest post by: Alston Balkcom

Article Overview: This may or may not be fair. However, this is the way that insurance works and in order to get the least expensive rate for the best policy, we must deal with the system that is currently in place. Health medical insurance companies are concerned about your chances of getting ill in the future. Your current medical status and your medical history greatly impact the probability of your having high or low Health expenses in the future.

Three Strategies to Cope With Health Care Insurance Payments Stay Fit

Shop Around

Calculate The Costs vs. Benefits

You must be healthy to get the cheapest rate. Health insurance carriers will ask about your health care history before offering you an insurance policy. If you don't meet the insurance company's criteria medically you may have your price increased or you may not be offered a health insurance policy at all.

This may or may not be fair. However, this is the way that insurance works and in order to get the least expensive rate for the best policy, we must deal with the system that is currently in place. Health medical insurance companies are concerned about your chances of getting ill in the future. Your current medical status and your medical history greatly impact the probability of your having high or low Health expenses in the future.

Many factors that impact your medical care and longevity are outside your control. But there are many that are within your control. Do what you can to make sure that you and your family stay healthy.

Of course there are many other benefits of living a longer healthier life. So if you smoke, please stop. If you don't have a regular exercise routine, please consider one.

Improving your level of health not only improves your odds of living a longer life, it improves your odds of avoiding a financial catastrophe. If you develop a medical condition that causes you to lose your job, you lose income. When you lose your job, you will probably be offered COBRA. COBRA medical insurance is usually more expensive than other plans, but this may be the only plan available; medical care insurers may not want to insure you unless they are forced to do so. This raises your expenses. After your COBRA eligibility runs out you may be faced with buying a state-mandated policy that will cover your pre-existing condition that you can't afford or going without coverage. You may be both unemployable and uninsurable at this point. Any significant medical bill will ruin you.

comparison shop for health insurance

Many people fail to comparison shop. They will often take their COBRA option when they lose their job without looking at other alternatives. When their COBRA eligibility ends, they may take an individual policy from the same insurer without looking at other companies offerings. Shopping around for insurance is a key to lowering your costs.

Do The Math

Would you put a dollar on a bet where you could only get a dollar back if you won? How about betting me a dollar and only having the potential of getting 90 cents back? You're too smart to make a bet like that, but many people are making bad decisions about their Health insurance because they have never done the math are look askance at higher deductible policies.

A high deductible medical insurance policy may be your best option. However, you need to Do the arithmetic to determine if this is the case for you. When comparing two healthcare insurance policies that have different deductibles but otherwise the same, determine your annual premium for both policies and compare them with the annual deductible. Make sure that the higher premium you might pay for the lower deductible policy is justified.

Getting the best policy possible at the most competitive price means being able to Shop Around intelligently. You can't comparison shop for health insurance very well if your choices are limited or nonexistent, so do what you can to stay healthy and to keep your family healthy. You can't look at many options intelligently unless you compare prices AND benefits and make sure that any extra premiums you pay for a low deductible policy are justified.

Related Articles
  HMO Health Insurance Plans
  Medical Care Insurance Co-Payments : 3 Things You Shouldn't Assume
  Florida Health Insurance Corp Reports Health Care Reform
  How do HMO and Private Plans Compare?
  5 Best Ways To Save On Health Insurance
  Health Plans vs. Health Insurance In America
  Getting Health Insurance Online
  How ICD-10 Will Change Health Insurance
  Why Buy health Insurance?
  Do You Need International Travel Health Care Insurance?
  Secrets To Dropping Your Private Health Care Insurance Premiums
  Is COBRA healthcare coverage the best deal?
  Medical Insurance Information - Get Cheaper Insurance
  Dental Insurance Plans
  Blue Cross Blue Shield Health Insurance | Health Insurance Company Guide
  COBRA Health Care insurance vs Family or Individual Medical Care Insurance
  Employee Insurance Packages for the Self Employed
  Applying for Pregnancy Insurance While Pregnant
  The Annual Deductible of a Health Insurance Policy
  Tips For Insurance: How To Cut Your Costs In Half

Article Tags: health care insurance, insurance payments, medical insurance companies, medical status
Referred by: http://www.searchengineworkshops.com



Related Forum Posts
Re: FREE Toronto Referral Workshop - Kevin, I'll try to get a copy of the slides and summarize the 14 Strategies. Stay tuned!
Re: Insurance for Home Based Business? - hi there I'm a newbie here.I can get good information regarding the Insurance for Home based business and more. It's really safe to have Insurance for a home based business. Thanks a lot for discussing some important issues here and i feel really happy to be a part of this.
Re: Are Economic Recessions Good for Franchising? - All we can do is remain wide awake and pay attention to the ebb and flow. My strategy is to be prepared and go with the flow. There could be some rough times ahead... Interestingly, our business has remained strong. I believe it's because we're in such a tight little niche and we're well positioned to sign jobs nationwide, therefore we're not restricted to location. We also target affluent markets that have higher disposable incomes - this we do locally. Here are some Franchise Categories that could weather a good recession... Health and Personal Care Food services like Subway Debt Collection Tax Preparers & Advisors Any other recession proof franchise opps out there?
Online Payment Methods - I'd like to know what Payment method do entrepreneurs use to process credit cards online? Here at RSC Business Group we have made a decision to go with Paypal in the short term. If we find that we have more than 10 transactions a month then we plan on going with a Bank Processor of Payments. What do you guys use?
Re: HI@All - Hi David, Welcome to the forum. Look forward to your contributions here. Take Care, Alan


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

B2B PR – Planning for Success

2011 Global Brand Trends Letter

Severance and Separation Agreements

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.