While it may feel overwhelming at times, choosing the right health insurance coverage for you and your family is very important. That’s because it will determine this coming year how much will come out of your pocket and what the insurance company will cover should you or your family member need medical treatments.
So, what are some things to consider when picking out a plan? Here are some things to look at:
Premiums
Your premium is the amount you will be paying each month. It’s a bill just like your auto insurance, electric bill and mortgage and you pay the same amount each month, no matter if you use the coverage or not. Remember, if you stop making those payments, you could be at risk at losing coverage.
Deductibles
Besides your monthly premium most insurance plans have deductibles or the amount you need to pay out of pocket before your insurance coverage kicks in. Depending on the plan will determine how much your deductible is and what services can contribute towards your deductible.
Co-Pays
Did you know there are other costs that may be required to pay to access care? These flat fees are required to pay for prescriptions and other covered services. Your insurance company you select will have a list of what these flat fees are.
Medications
Each health insurer has a formulary or list of medicines that are covered by your plan. If a medication that you or someone on your plan takes and isn’t on that list, it may not be covered. You should also know the list of covered medicines are also divided into tiers, which determine how much of a co-pay you have to make.
As you can see there are a lot variables and considerations to take into account when choosing health insurance and your budget. You will also want to make sure your doctor and hospitals are in your plan. Luckily, you don’t have to do it yourself. The team at Florida Healthcare Insurance can help you all along the way so you understand everything clearly and are making the best decisions for you and your family.
Learn more by calling 954-282-6891 or visit https://floridahealthcareinsurance.com/contact-florida-healthcare-insurance/
