Health insurance takes the edge off those pricey and unexpected medical bills. Better yet, preventive care is wrapped into health insurance, so it’s simple to get the regular care you need for optimum health.
When you look into health insurance, it pays to shop around. Insurance pricing varies from company to company as does the coverage. Read the tips below for the best ways to find affordable, quality insurance coverage for you and your loved ones.
When You Should Apply for Insurance
If you are under 26, you can still remain a part of your parents’ health insurance plan. If you are over the age of 26, you can obtain coverage through your employer or, if you’re married, your spouse’s employer.
Otherwise, you can purchase a private plan on your own, go through government programs like Medicare, or utilize military health insurance programs. The important thing is that you find health insurance. Not only do you need it in case of accident or illness, but it’s against the law to go without it.
Comparing Health Plans
Every health insurance plan has its own terms and its own limitations. Compare plans to pick the best option to fit your needs. You’ll want to consider if the plan lets you keep your doctor or if you’ll have to find a new one. You’ll also need to look into what happens in the event of an emergency.
While it’s common knowledge to compare health insurance plans, not everyone thinks about comparing Medicare Advantage plans. Medicare Advantage plans combine Medicare Part A and B into one plan covering both your hospital and medical costs. Many of these plans include Medicare Part D for prescription drug coverage.
Compare what you’ll pay, check to see if prescription drugs are included, and whether or not you’ll need to use physicians and doctors within its network. When you do find a health care plan you want, enrollment isn’t difficult.
How You Should Apply for Insurance
You’ll have a specific time frame where you can apply for health insurance. If you work, your employer will offer you health insurance plans a month or two after you’re hired. If you don’t sign up for insurance before that window closes, you’ll have to wait until the next open enrollment period. If you aren’t getting health insurance through work, you’ll need to sign up during the open enrollment period starting in November or whenever you have a qualifying life event.
When you turn 65, you’ll have a seven-month window called the Initial Enrollment Period where you can sign up for Medicare. You can sign up three months before you turn 65, during the month of your birthday, and three months afterward.
If you wait too long, you may have to pay a higher premium or your medical history may be used to decide your eligibility. Don’t let that happen. Sign up when you turn 65 so you can get the benefits you need without potential repercussions.
Safeguard Your Health
It is possible to find affordable, quality insurance for you and your family. Compare plans, consider the type of coverage you need, and what will fit your budget. Sign up within the enrollment period and you’ll help your family be prepared for whatever the future holds.