Navigating health insurance plans can be overwhelming. There is a lot to consider when purchasing health insurance for you and your family, but the ultimate goal is to choose a plan that covers all of your health needs and fits your budget. With a little research and preparation, you can find affordable family health insurance. Here are four easy steps to get started:
Step 1: Consider your family's medical history and health needs
Whether you purchase insurance for a family of two or ten, it is important to take the time to determine your health needs. First, make a list of the services your family can use all year round. Think of questions like: Do you or a family member have persistent health problems? Does anyone take medication regularly? Is medical intervention planned for next year? It may also be helpful to analyze your family's benefits over the past 12 months as a benchmark.
Then identify your preferred doctors and hospital systems. Health plans concern a network of doctors. If you and your family know in advance whether you want to see a family doctor or a specialist, in particular, it will likely affect your decision. Once you have your list of possible needs and preferred physicians, you can begin to consider your plan options for the next year.
Step 2: Find your options
How do you get started? Various resources are available to you. There is a website insuranceshopping where you can compare plan options with insurance companies, or you can go directly to our trusted health insurer or contact a licensed health insurance agent. During the purchasing process, consider how the detailed benefits of each health plan are compared to the health needs expected of you and your family.
Then think about your budget. It is important to consider the cost of monthly premiums, the deductible and the cost of expenses. Working with the lowest monthly premium is easy, but it can cost you more in the long run. Check the annual payment limit for each policy to determine how much you can spend on health care throughout the year.
Additional budget tips: Some plans offer additional benefits and tools to cut costs that can help you minimize your health care expenses throughout the year.
A plan that comes with a health savings account can help you save money because all of the amounts paid into the account are made before tax, which means it is tax-free. Using this account to pay for your health expenses instead of paying out of pocket can help you save a lot.
Step 3: Choose a plan and login
After considering your needs and considering your plan options, you can sign up for a plan. Insuranceshopping may offer more options if you buy directly from our website or by phone. Read the full explanation of the plan carefully before making the final decision to purchase a plan. If this is within your budget, you can consult our insurance agent before purchasing a plan to get a second opinion from a validated external source.
Step 4: Rest
You did it! You are about to make sure you have a plan before December 15, 2020. By examining your options and signing up for a health plan, you avoid penalties and can be assured that you and your family are insured. Next year, making an informed health insurance decision takes time and effort, but the task you do now will pay off later.