A total of $1.1 trillion net premiums were written in 2014, according to the Insurance Information Institute, an eye-watering statistic for American consumers. The U.S. insurance industry has a range of medical insurance policies, from PPOs to HMOs, and things can get a little bit complicated if customers don’t know where to start. If patients are struggling to find the perfect medical insurance plan for their family, they’ve come to the right place.
1. Compare health insurance plans
First, consumers need to check the market for the right medical insurance based on their circumstances. An insurance comparison website is a great place to start. This site lists a range of medical insurance plans so they can compare costs and services all in one place, saving them loads of hassle. This way, they won’t have to search the Internet looking for various policies. Simple!
2. Find out if a patient is covered by a medical insurance policy
Medical insurance can be tricky to navigate, with policies that have loads of small text that can overcomplicate matters. Whatever plan consumers opt for, it’s crucial that they’re covered, especially if they have a long-standing condition which requires them to take medication or seek treatment. Not all insurance plans cover everything, so they’ll need to do their research so they know everything before they make a health insurance claim in the future.
Once they’ve found two or three insurance providers they are interested in, consumers should contact the provider directly and ask whether their current medication is covered by the plan, or whether they can make medical insurance claims on their health insurance policy if they travel abroad. They should be able to find all this insurance policy information on the provider’s website, but, if they’re in doubt, they should speak to a customer rep over the phone.
3. Choose the right type of plan
Consumers need to select the right type of health insurance for them and their family. HMOs, for example, are medical insurance groups that provide services for a fixed annual fee. Preferred provider organizations, or PPOs, on the other hand, might provide consumers with insurance at a reduced rate.