ACCESS Newswire
07 Oct 2019, 20:01 GMT+10
CORAL SPRINGS, FL / ACCESSWIRE / October 7, 2019 / Healthcare insurance agent, Michelle Bungo, covers five topics that will help you choose the right insurance plan for your needs.
Shopping for the best healthcare insurance policy is a daunting task for the majority of Americans. There is an abundance of different plans and options to choose from. Finding the right one for your budget and needs, however, can feel like searching for a needle in a haystack. Healthcare insurance agent Michelle Bungo, goes over the top 5 things to look for when shopping for health insurance.
1. The Premium
The premium is the fixed monthly cost you will pay for a health insurance policy. Typically, insurance policies with minimal coverage will have lower premiums. More inclusive policies will have higher premiums. When deciding on the premium to pay, Michelle Bungo suggests choosing the premium that covers the healthcare services you need.
2. The Deductible
A deductible is an amount you must spend on healthcare services in one year before your insurance provider will start covering them. Some policies, however, cover specific services before your deductible is hit. In this situation, healthcare insurance agent, Michelle Bungo, explains that lower deductibles will have higher premiums and vice versa.
3. Range of Network Of Doctors
Most health insurance companies do not cover visits to all health providers. Michelle Bungo explains that when insurance companies make deals with care providers, they create a 'network.' Look for plans that include your preferred doctors or clinics in its network. If you don't have a specific place in mind, consider the size of the network for how many options you'll have.
4. Out-of-Network Care
There are instances when out-of-network care might be needed to see specialists. Some policies will cover 100% of an out-of-network bill; others will cover a small portion. Additionally, some plans will pay 100% if it's an emergency, and others will pay none at all.
Michelle Bungo recommends choosing a plan that includes some out-of-network assistance to protect you from unexpected situations. It is not unheard of for a patient to be stuck with a massive bill after visiting an in-network hospital. Some team members or specialists may not be included in a patient's care network.
5. Max Out-of-Pocket Cost
The maximum amount that you can pay for services for one year is called the out-of-pocket maximum. Michelle Bungo notes that this is different from your deductible. A low out-of-pocket maximum is recommended for people who do not want to worry about surprise expenses. If you know the maximum for the year, it's much easier to budget accordingly. A low out-of-pocket maximum is also recommended for people who need a lot of care.
CONTACT:
Caroline Hunter
Web Presence, LLC
+1 7862338220
SOURCE: Web Presence, LLC
Get a daily dose of Hawaii Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hawaii Telegraph.
More InformationMOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...