Health insurance seems elusive and even terrifying to many people. However, it is easier than it looks to navigate all that red tape. Health insurance companies must outline their policies clearly, so familiarizing yourself with your insurance provider’s policies can help you maximize your benefits. This article will outline a few tips that will make this process easier.
If you are a recent college graduate considering purchasing health insurance, you have a variety of options from which to choose. First, you may want to consider staying on your parents’ health insurance plan if you are still living with them. Recent health reform laws have raised the age of dependents to 26. However, make sure to compare the rates with what it would cost you to obtain your own policy. If you decide to get your own policy, choosing one with a high deductible or one that is short-term is often a cost-effective measure for young adults.
Know the terms when you are getting into health insurance. A deductible is the cost you will pay out of pocket at the time of service. This cost is above and beyond the cost of your actual insurance premiums. Make sure you know what this amount will be before you accept a policy.
If your health insurance doesn’t pay for your prescriptions in full, you need to do some shopping around. Pharmacies will charge different rates for prescriptions, and also different dispensing fees. Some pharmacies even mix their own medicines and charge far less for the resulting prescription, or will give you the medicine in forms other than hard to swallow pills.
Never assume that the insurance company is correct when they deny a claim on your health insurance. Always ask questions about the reasons for the denial. There is a lot of paperwork that goes into every claim and there are plenty of opportunities for mistakes to be made. Ask your insurance company for a written explanation and check your policy to see if it makes sense.
Before applying for health insurance, check with the Medical Information Bureau to see if the have a file on you. This medical information is accessible to most major insurance companies. Make sure you do not have anything on your file that would compromise you getting a good deal on health insurance.
Get copies of your medical records so that you can better check to see what is in them. You are going to want to learn if there are any medical conditions in it that might be red flagged by the insurance company. This may cost you a bit of money but it will be worth every cent in the end.
As you can see, simply knowing your insurance company is a useful tool in getting the best care possible. Doing your research really pays off in the long run, and asking questions can help you evade any surprise bills. You are responsible for your health, and knowing how to handle your insurance company is part of this!