How to Select Low Rate Personal Health Insurance

When it comes time to choose low rate personal health insurance, we all know to shop around. Look for the plan that offers the coverage you need for the price you can afford, right? Right. But there are even more ways to find low health insurance rates.

Selecting low rate personal health insurance is a breeze if you know how to cut back. Don’t get it wrong; you never want to risk your health to save a few bucks. However, there are ways to cut back without compromising your care.

Ask yourself the following questions:

How attached am I to my current doctor? A Health Maintenance Organization (HMO) generally has cheaper in-house health insurance rates because the doctors, hospitals, and other healthcare professionals are contracted into their network. They provide certain types of care for a certain amount of money, meaning that both the HMO and the doctor can afford to charge you a low co-pay. Sure, you may have known your current doctor since he treated you for chickenpox many moons ago, but he may not be on the list of doctors an HMO provides.

How is my current health condition? If you’re in your 20s or 30s, with no children and no pre-existing health conditions, consider personal health insurance that only covers catastrophic events. While this means paying for routine visits, you don’t have to pay for serious injuries caused by a car accident. Purchasing such a large medical piece is a great option for young, single people who may be just starting work or are temporarily under financial pressure.

Exactly how much can I afford? If you can’t currently afford to pay monthly or annual premiums for personal health insurance, you may want to look into subsidies. Check with the Bureau of Primary Health Care for federal and state subsidized health care sites.

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