The cost of Florida health insurance can prove to be a very real obstacle for many Florida consumers looking for a extensive and affordable health insurance in florida. Florida health insurance premiums can be pricey at first glance. However, when you consider that even some routine surgeries plus a week or more in a Florida hospital can cost more than six figures, the importance of finding Florida health insurance that is both comprehensive and affordable cannot be underestimated.
The Florida health insurance market is a highly competitive market. This is at once a very good thing and a very bad thing for the Florida health insurance customer. The competitiveness of the Florida health insurance market is good for Florida consumers forces the top companies to lower their rates in an effort to maintain affordable health insurance while competing for your business. The negative aspect of the competitiveness of the Florida health insurance market is that many insurance companies are attracted to the strong demand for health insurance in the state of Florida and not all of them have the real reputation of an Aetna, Humana or a United Healthcare.
Without naming names, this strong demand for Florida health insurance will lure health insurers to Florida who will be forced to shut down calendar year limits in their policies or only pay benefits up to a certain amount (an indemnity policy) to try and compete with stronger, more established companies.
To contrast the seriousness of this imagine you blow out your knee while you are working out and you have to have arthroscopic knee surgery and a week plus in the hospital brings the total bill to € $100,000.
With a strong reputable Florida health insurance company with an established reliable network, such as one of the Florida health insurance companies “Big 3” (Aetna, Humana, and United Healthcare) you have coverage from $3,000,000 to $5,000,000 per person with no calendar year limits and no limits on benefits for certain procedures. That $100,000 hospital bill is reduced to your maximum out-of-pocket expense of probably about $3,000 to $5,000, depending on your policy’s deductible and the amount of the coinsurance.
Now imagine if you had decided years ago that you wanted to go to a Florida health insurance company that you had never heard of until then and buy a seemingly attractive reimbursement policy or a policy with a calendar year limit: if the limit on the policy for say $10,000 for that particular procedure or maybe just up to $200 a day for every day in the hospital… Guess? Once you hit that cutoff threshold, you’re stuck with the rest of the bill. It’s like you’re not even insured if you hit the limits in the policy.
Florida’s various health insurance policies can be difficult to navigate without the help of a knowledgeable, independent insurance agent. Check out Florida health insurance quotes from the top companies side-by-side and compare them to make sure you have both affordable and comprehensive Florida health insurance.