Overlooked Points About Health Insurance That Could Cost You a Fortune

Health insurance is revered as a truly essential thing — as it should be! If you don’t have health insurance, you’re going to be paying a lot more money to get things taken care of than if you were to just focus on getting the best health insurance possible. Risk management is in full swing here, as the healthiest individuals get the best health insurance premiums. However, there is something for everyone — especially if you’re willing to pay up. You’re going to have to absolutely make sure that you think about health insurance before you just run out and get a policy.

The first thing that you’re going to need to think about is the type of deductible that you’re going to have to pay — but more to the point, you’re going to need to think about the things that your deductible won’t cover. Don’t always expect your health insurance company to always be forthcoming about this information.  You might have a lot more out of pocket expenses than you might expect. If you’re the type of person that really doesn’t need a lot of heavy services, then your co-pay should be more than enough. Still, you’ll have to make sure that you focus on reigning in your costs. Urgent care centers can often be a lot cheaper than standalone hospitals, which is a great way to save money big time.

Group coverage is often a lot better than individual coverage, but if you’re not under normal corporate circumstances, health care can still be hard to get. We’re not saying that your employer’s health care plan is bogus, but we are saying that employers are shifting a lot more costs onto regular people than they used to. This means that you’re going to pay up a lot more money than you might have had to in the past. Professional organizations might offer better health care plans than you might expect, so make sure that you shop around accordingly.

What about when you do have insurance but you have a claim? Getting denied can feel like it’s the end of the world, but that’s not the case at all. There are a lot of technicalities that come up where you need to just fight with the help of your doctor. If your doctor knows that the treatment was necessary, your appeal has a lot better chances of going through. This is also the case when it comes to general anesthesia being done by a doctor that is out of your network but in your general location. You might make an argument that it’s far more feasible to cover the additional cost of the anesthesiologist than having to switch to a completely different hospital. The more documentation that you have in order to solidify your claim, the more likely it is that your appeal will be approved.

Yet you might have to dig in and actually fight hard for your cause. You might have to file more than just one appeal. You may even need to get a 3rd party advocate on your side to finally show the insurance company that you mean business. Is it worth it? Of course!

Be aware that your doctor’s office isn’t where you’re going to spend the most money — it’s at your pharmacy. Why do you think pharmacies are now offering free home delivery and other perks? It’s because business is booming and considering that we’re all getting sicker on the whole, chances are good that things are only going to get worse before they get better.

So what can you do? You will want to choose generic drugs over those pricey brand name drugs. They are often the same medication, just done generically. Your doctor should be on board with this full stop. If they’re not — it might be time to find a new doctor.

As you can see, we’re very strong proponents of health insurance. However, it’s definitely worth your while to really make sure that you’re going to be able to make the very most of your health insurance policy. Make sure that you read the fine print and be ready to ask the right questions — it really could save you a fortune in the long run, so take action today!