The Importance of Health Insurance: 3 Questions to Ask About Health Insurance

It’s pretty much no secret that health insurance is important. It helps provide adequate financial coverage for conditions, illnesses or injuries that people normally wouldn’t have enough money to cover.ID-100249032

If you’re actually looking for health insurance, you’re in luck. There are plenty of options on the market—such as Health Net insurance—even though cost is a so-so matter. But, it doesn’t mean you won’t find something within your price range.

Most people are covered by their employers, but if they don’t have a job at this time, health insurance options get a bit tricky. And, okay, a bit expensive. So, if you’re on the market, there are things you can do to make the search less tricky—in fact, there are 3 questions you can ask about health insurance to any provider of interest.

Question #1: What does the health insurance plan cover?

Different health insurance plans cover different conditions—that’s most people’s understanding of health insurance. But, as of this year, health insurance plans sold to both individuals and small businesses cover 10 essential health benefits.

These benefits include: emergency services, laboratory tests, maternity/newborn care, mental health/substance abuse treatment, hospitalization, outpatient care, pediatric services (medical/dental/vision), prescription drugs, preventative services and rehabilitation services.

Those who work at larger companies may have different or more options than the aforementioned. However, most health insurance plans pretty much cover all the basics nowadays. But, if you’re not sure, it doesn’t hurt to ask.

Question #2: How much does this [health insurance] plan cost?

If you’re curious about a prospective health insurance plan, always ask about the cost right after you inquire about the coverage options.

When you’re asking about the cost, think about how much the plan’s premium and your out of pocket costs (copays, coinsurance, deductibles, etc.) will cost. In some markets, these costs are pretty manageable, even if you’re not on an employer-sanctioned plan. However, if you’re not working, you’ll definitely have to inquire about this factor.

Question #3: Can I keep my doctor if I select a different health insurance plan?

Most people are comfortable with the doctors they have now. But, if you’re planning to change your health insurance plan for any reason, know that you might not be able to keep your healthcare provider if they’re not on your new plan’s healthcare network.

Many health insurance plans have a network of healthcare providers that essentially allow those providers to provide services to people with that specific health insurance plan at a specified cost. In most cases, these costs are significantly reduced.

If you want to keep using your doctor, and they’re not a part of your insurance provider’s network, you may need to pay a higher portion of the costs—or foot the entire bill.

Image courtesy of [phasinphoto] at FreeDigitalPhotos.net

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