Facts About Healthcare in the United States
What Cheap Insurance Offers?
With the recent changes from the Affordable Care Act signed into law in 2010, health insurance is no longer just an option, but a federal requirement.The consequences for not having a health insurance plan in effect can even impact your tax returns.
Health insurance is a complicated subject, even more than auto coverage. The type of coverage you can choose from is a wide variety. HMO, PPO, EPO, Point-of service plans, high-deductible health plans HDHP, and health savings accounts, are all possibilities that may work for you. Other items to review include policy limits, co-pays, deductibles, in network and out of network coverage, and pre-existing conditions.
These all play a part in the coverage you select.
Cheap Insurance wants to help you find a suitable rate and policy that covers everyone in your family.
- Spend more time researching what you need. We at Cheap Insurance can do this for you. Give us a better idea of what you may need based on your past experiences. How often do you go to the doctor? How many family member do you want covered and for how much?
- Cut your prescription costs, which is your out of pocket costs. To save money, you can order your medication in bulk.
- Dental coverage is not as widely used as healthcare coverage, but it is still part of the healthcare we need throughout the United States. Find a local Dental School to take care of your smile. They are usually less expensive.
- When you upgrade your prescription, keep your old glasses. Frames add up to almost half of the cost of your glasses. Just replace the lens.
- Use an online doctor or WebMD for your more mild cases. Sometimes tele-doctors are included in your insurance plan.
- Always look twice at your medical bills. They could have missed something, or added something. Be thorough.
- Emergency room visits are the most expensive. Try to avoid them. If you can wait to get in with your regular doctor, this is the best solution for saving you money.
- Take advantage of your free preventative screenings.
- You can shop around for medication and sometimes find a generic version.
- Always double check with your doctor if the screenings and tests they want to give you are necessary.
- Practice living healthy and preventative care. This is the best way to cut costs on going to the hospital.
- Be very honest with your health care agent. We want to find the best option that works for you and we need all of the correct information on your health and background.
- The simple way to look at healthcare is that it is there for you when you need it but you still have to pay for it when you don’t. The truth is, that there are many people who will pay more for their healthcare now that it is mandatory. However, the way things have always been is that we usually pay more for our premiums than the cost of the service of care. This means that for most people, we do not go to the doctor as much as we pay. But it is there for us when we need it.
- This is the same principle with any insurance. You don’t plan on getting into a car accident every week, but you pay for the insurance in case it does happen.
- However if you have ever known anyone to get into a major crash and need surgery, or their car is totaled, they are glad they had the insurance. The same is true for the healthcare industry. If you lack medical insurance, a trip to the Emergency room could cost you thousands. This is the basic laws of insurance: better to be prepared than not.
- Having said this, those Americans who are sick will find it easier to get healthcare with the Affordable Care Act. And the wealthy pay a little more because of this. The way this works is not foreign. Who pays for all of those emergency room trips when patients fail to have insurance? This comes out of our taxes. Now, with the Affordable Care Act, this does not have to be an issue. And those who fail to carry insurance are penalized. This keeps a checks and balances system in place.
- Also, with this Act, there are no pre-existing conditions. Meaning, your premium will not be denied because you have had a disease or issue. Those of us who are really sick can still get the medical attention needed.
- As a rule of thumb with this act, younger people may pay more than in the past and older people may pay less. The government is “averaging” things out.
- The premiums for women and men will also be leveled out. Young women will most likely be charged less than before for their coverage.
- Any uninsured person will receive a free preventative services. This is thought to help in the long term, but in short term, we will all pay a little more.
- Every insurance case is different, as every individual is different. We want to help you save the most on your health coverage while still having the much needed benefits.
Terms You May Want To Know
- Agent: A person who sells insurance policies and is licensed to do so.
- Broker: A person who compares and finds insurance policies for a consumer. They do not represent a particular insurance company but rather the consumer.
- Cancellation: The end of a policy and coverage either due to policy end date or non payment.
- Carrier: Another name for the insurance company.
- Deductible: A portion of a claim that is paid by the insured which is a set amount agreed upon during the purchase of the policy. Usually the higher the deductible, the lower the premium. This amount is paid either per occurrence or per calendar year depending on the coverage type.
- Effective Date: The beginning date of policy coverage.
- Family Member: A person who resides with you at the same address who is also related to you. However a college student who lives away from home is also usually considered as a family member for policy purposes.
- Guaranteed Renewal: A policy that is automatically renewed after each policy term as long as premium is paid accordingly.
- Lapse: A period of no coverage such as periods of non-payment or between policy effective dates.
- Medical Payment Coverage: Covers payments of medical expenses such as ER Visits, and Ambulance transportation associated with an auto accident. There is usually a set monetary limit on this coverage.
- Policy: The written coverage details that you plan entails.
- Proof of coverage: Written document that shows insurance coverage for the specific property for a specific time period.
Start today with a free health care quote. Call us now at (800) 486-1866 or get an online quote in minutes.
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