Low Cost Health

The concept may seem like an oxymoron, but you can find a great deal and begin saving money today with just a little strategic comparison-shopping.

We’ve all heard the stories. Every year, thousands of Americans wind up surviving an accident or illness, only to be confronted with an unmanageable pile of bills and a lifetime of debt at the end. Don’t let this happen to you! As long as you have health insurance your out-of-pocket expenses will never leave you bankrupt or without options.

While it may seem like health insurance is, by definition, extremely costly, this is not necessarily the case. When comparing plans, you need to take into consideration your individual needs versus the services offered. The most important things to compare are deductibles, pre-existing condition clauses, coverage limits, exclusions, out-of-pocket maximums, plan flexibility, prescription drug coverage, and co-payments.

When you’ve established your individual needs with regard to these things, it’s time to begin obtaining quotes from various companies. It’s important to look for companies that offer options to fit your criteria.

There are countless low-cost health insurance options available. Many plans grant you the flexibility to see any healthcare professional you choose through fee-for-service coverage. This means that you pay out of pocket, and then are reimbursed by the insurance company for a percentage of the total cost, usually around 80%.

One low-cost health insurance option is to choose one of the many plans classified as “managed care.” With these plans, you can pursue a wide variety of healthcare options for a monthly premium. While there may be a deductible to fulfill before coverage kicks in, you’ll usually only be responsible for a small co-payment for each visit to a physician. Examples of popular managed care plans are Health Maintenance Organizations (HMOs) and Preferred Provider Organizations (PPOs).